Dominican Residency Through Real Estate Investments

Samana Group • January 27, 2024

Obtaining Dominican Residency Through Samana Group's Real Estate Investments

The Dominican Republic allows you to obtain residency through investment in real estate, including Samana Group projects. This article serves as a concise guide, covering the entire process from requirements to application, and providing all the essential information you might need.

The Dominican Republic offers a pathway to residency for those interested in investing in the country’s thriving real estate sector, such as the projects developed by Samana Group. This guide provides a comprehensive overview of the entire process, from understanding the requirements to submitting your application. Whether you’re buying a second home, considering retirement in the Caribbean, or seeking investment and business opportunities in Samana Group projects, applying for residency is a viable option. Despite the complexity of the process, with our guidance and support, it becomes straightforward and manageable. Let’s look at the requirements you need to meet.

Eligibility Criteria for Obtaining Residency Through Investment

To qualify for Dominican residency through real estate investment, applicants must meet several criteria:

Age and Identification

Applicants should be at least 18 years old and have a valid passport.

Health and Legal Status

A clean criminal record is essential, along with no history of contagious diseases or mental illness that could affect behavior.

Financial Stability

Proof of sufficient financial resources to support yourself and any dependents is required. This generally means a steady income or substantial savings and the ability to make the necessary investments.

Investment Requirement

A minimum investment of $200,000 in a legally recognized and government-approved project, such as a Samana Group real estate, is required. This investment should be in accordance with the Foreign Investment Law No. 16-95.

Additional requirements

These may include a notarized letter from a Dominican or permanent resident as financial guarantor confirming that you will not be a burden to the Dominican State, a Certificate of Investor from CEI-RD (Export and Investment Center of the Dominican Republic), if you are a shareholder of the company, the original and a copy of the by-laws of the company; and a letter from a Dominican bank confirming your Dominican bank account.

Meeting these requirements grants permanent residence without having to fulfill a specific period of stay in the country, unlike the standard program which requires 2 years in the Dominican Republic. Now, let’s collect all the documents you need to prepare.



Required Documents

  • Certified copy of your passport
  • Original or certified copies of birth and marriage certificates, if applicable
  • Police clearance certificate
  • Evidence of health insurance
  • Medical certificate
  • Passport-size photos
  • Affidavit of support for dependents

Step-by-step application process

Once all the necessary documents are prepared, it’s time to submit your application to the authorities. This can be done through a local embassy or consulate, or directly at the Dominican Republic Immigration Office. Once your application has been reviewed and approved, you will be issued a residency permit, which will allow you to live and work in the Dominican Republic and access residency benefits such as public health care and education.



How to apply:

  • Register online: Access the Dominican General Office of Migration portal, create your account, and select the service you need. Next, select the appropriate service by following the path: APPLICATION LIST -> AVAILABLE SERVICES -> LOCATION OFFICE -> LIST OF SERVICES. Then fill in all the information required in the Applicant Questionnaire.
  • Document Compilation: Submit all required documents in JPG format.
  • Medical examination: Perform within three days of payment and wait 10 days for results.
  • Legal requirements: Ensure all documents are original, notarized, legalized and apostilled as required.

Maintenance and Renewal of Residency

Congratulations on getting your permit! Now it’s important to follow the rules of residency, which include maintaining financial stability, complying with tax laws and obeying the law. Remember that Dominican residency by investment is initially provisional and must be renewed every two years. This involves:

  • Proof of continued investment in the Dominican Republic.
  • Meeting the minimum economic requirements for residency.
  • Keeping all relevant documentation and personal information up to date.

For a smooth renewal process, it is important to stay organized and have all the necessary documents at hand.

APPLY

If you’re considering obtaining Dominican residency through investment in Samana Group properties, our legal team is here to assist you. We can provide expert guidance to ensure all requirements are met and simplify the process for you. Please don’t hesitate to contact us for any assistance or to begin your journey toward Dominican residency. We’re dedicated to ongoing support and solutions, working together to solve any problems! Ready to get started? Explore Samana Group’s exceptional real estate options and get started on your Dominican residency.



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