What you'll learn on this page
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Why relocate full-time to a new home in the D.R?
Escape miserable winters + TRULY recharge throughout the year + Fund your vacations with rental income
1. Escape miserable winters
Winters kind of suck right?
Not in the Dominican Republic!…
With a vacation home in the D.R, trade the cold and damp for endless summer.
For a few weeks—or a few months—EVERY year!
The D.R. is on a tropical island, which means:
- All year round, the weather is beautiful.
- 300+ days of sunshine a year.
- Average temperature during the day hovers around 77°F (25°C).
So…
Instead of shoveling snow you’re wearing flip flops and barbecuing on the patio — even in January!
2. Upgrade your lifestyle
Living in the DR offers you a chance to live the life you’ve always wanted to live.
The D.R. is an affordable place for foreigners. And there are so many things here to add comfort to your lifestyle and enrich your life:
- Year-round warmth and sunshine
- Fresh fruits and veggies throughout the year
- Internationally accredited schools (K-12)
- Affordable, top quality healthcare
- Countless outdoor activities
- A warm, welcoming community of foreigners
Relocating to the D.R. is your chance to reset and refocus.
3. Stretch your budget (and your retirement nest egg)
Your money goes further in the Dominican Republic.
Daily life is more affordable here compared to living in North America or Europe. And it’s less expensive compared to other sunshine destinations in the region too.
Relocating here allows you to live better on less:
Here’s why:
- Real estate is affordable: Even ocean view is still within reach of the average budget!
- It’s a big country: Compared to its neighbors, the D.R. has a bigger economy, with more goods available.
- Financial incentives: Foreigners can get tax exemptions and other benefits when they buy property (read on for more details).
A couple can live comfortably on US$2,000 per month. With $2,500 or more, you can really live the good life.
Bottom line?
You can live your best life here..
Moutain Village: stunning views near golf and beach
Nine modern homes in a gated community in the heart of the D.R’s North Coast.
From $219,000
Mountain Village: stunning views near golf & beach
Nine modern homes in a gated community in the heart of the D.R’s North Coast.
From $219,000
Okay...but what’s so special about the D.R?
Low cost of quality homes + Endless adventure + Get here quick + Everything you need for daily living
Low cost of quality homes
Prices for homes in most sunshine destinations in the Caribbean and Central America have skyrocketed.
Yet in the D.R. real estate is still reasonably priced — and that includes ocean view properties.
- Get two or three times the home for your buck.
- Or spend a third of what you’d spend back home—for the same amount of house!
- And compared to other sunshine destinations? It’s more affordable here too.
What’s the cost of a typical vacation home?
Imagine an ocean view condo for $150K. Or a 3 bedroom villa—with a pool!—in a gated community, for $250,000.
There are so many great options. Something for every budget.
The team at Dreaming D.R. will help you figure out the right type of home for your needs.
It’s your dream and we’re here to make it a reality!
Close enough for family and friends to visit
You’re going to want to share your new home with loved ones.
Which is why a D.R. is a great choice.
It’s so close.
If your visitors are coming from the US or Canada, they could could be knocking on your door in 3 or 4 hours.
They could leave in the morning—and be on the beach with you by mid-afternoon!
In your home country, there are lots of direct flights—with airlines adding more every month. And here in the D.R. they can fly into and depart from modern international airports.
No time zone changes either, at least for anyone on Eastern Time. And only an hour or two for everyone else. So no jet lag to deal with.
Plug into a welcoming community of English-speaking foreigners
Many people from the US, Canada and Europe have already made the D.R. their full-time home.
Wherever you live, you’ll find a community to support you. And you’ll be able to tap their invaluable local knowledge.
They can help you:
- Navigate the local market
- Find the best restaurants
- Recommend service providers
- Understand nuances of Dominican life
And there’s never a shortage of events, social gatherings, and charitable initiatives too.
While Spanish is the official language, many expatriates and locals in tourist areas speak English, making communication accessible for English-speaking newcomers.
Everything you need for daily living
You’ll have no trouble getting all the essentials for daily living:
- Groceries
- Medications
- Home decor
- Healthcare
- Transportation
Modern grocery chains like Nacional and Super Pola are stocked with many of the products you use at home.
And at big box stores like Jumbo and Ferreteria, the D.R’s version of Walmart and Home Depot, you need for your home.
Plus, you can tap into a community of welcoming foreigners, which can help ease your transition into your new lifestyle.
Endless adventure on a big island
Wondering what you’d do for fun and excitement?
You may not realize:
.
The D.R. is a big country! There’s so much to do.
Consider what it’s like on a small island. Once you’ve toured the quaint little town and climbed the hill that locals call a mountain, well, that’s pretty much it…
However, in the D.R…
You’ll never run out of new things to try and interesting places to explore:
- Enjoy vibrant cities, beautiful beaches and national parks
- Try kitesurfing, mountain hiking, scuba diving—so many outdoor activities to choose
- Take in exciting nightlife and taste cuisines from all over the world
- Visit places like this [link to page]
Living in the D.R. you’ll never get bored!
Kite Beach Villas 2: A vacation home steps from the beach
Fourteen smartly designed villas steps from world famous Kite Beach.
From $405,999
Kite Beach Villas 2: A vacation home steps from the beach
Fourteen smartly designed villas steps from world famous Kite Beach.
From $405,999
Wait—can foreigners own D.R. property?
It’s a good question:
Can you—as a foreigner in the D.R.—actually own property there?
Yep, you sure can!
- The Dominican Republic has a legal framework that encourages foreign investment in real estate, so it’s a great option for international buyers.
- No matter where you’re from, you have the EXACT SAME property rights as a Dominican citizen.
- The real estate market is just like in the US or Canada. You can hold title to property directly in your name or through a corporation.
Which means you can develop your property however you like. You can sell it, or pass it on to your children.
It’s your private property.
Meaning, the government can’t take your property away from you. In fact, foreigners’ property rights are enshrined in the country’s constitution!
Which is why thousands of Americans, Canadians and Europeans own property here now.
How does a foreigner actually buy property in the D.R?
Buying property in the Dominican Republic is a lot easier than you might think.
If you really wanted, you could come to the D.R, find a home and make an offer, then make a down payment—all on the same trip!
(All transactions are in US dollars. If you need financing, that can be arranged too.)
Of course, like any property transaction, there are the usual legal matters—which is where we come in:
We can connect you with a lawyer (who can work with your lawyer back home) and guide you through the paperwork.
The team at Dreaming D.R. has helped hundreds of people purchase homes here. We know the process. We’ll make it easy for you too.
Incentives for foreign buyers
The D.R. wants to encourage foreign investment, including real estate.
So you can take advantage of tax exemptions and other incentives for property buyers and retirees.
[Link to Financial Incentives page]
You can be exempt from:
- Taxes on pensions or income received from abroad.
- Taxes on dividends and interest generated within the Dominican Republic.
- Property transfer taxes for the first property purchased.
- Taxes on household and personal items brought into the country.
- Import taxes for a vehicle, which can be sold or transferred tax-free after five years.
And as well, you can fast-track residency.
So get your Dominican resident status more quickly and easily compared to the usual process.
When you qualify for residency you’re eligible for many perks, benefits, and tax breaks.
And in the DR, it couldn’t be simpler to qualify for residency.
(Don’t worry, you still keep your citizenship in your home country.)
Some of the things you’d be eligible for as resident:
- local home financing
- importing household goods and a car tax-free
- qualify for citizenship (and thus a second passport)
- pay for higher education in pesos instead of dollars.
Sea Glass Cabarete: a vacation home on the ocean
Sea Glass Cabarete: a vacation home on the ocean
