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Dominican Republic is Attractive to Pensioners

By Linda Tancs

The Dominican Republic is known for baseball superstars, sugar cane and cigars.  But did you know that  the economy has doubled in size since 1990 according to the President’s address at the 2010 UN Millenium Development Goals Summit?  The government recognizes that foreign inputs of currency or capital contribute to the development and collective well being of the population, so foreign pensioners can establish exemptions from the payment of tax on dividends, interest, realty and other property as residents of the Dominican Republic.  Of course, if you choose to work, you pay local taxes.  But why would you do that when you can laze away on the beaches, watch the whales, golf, or venture among 16 national parks, nine natural monuments and six scientific reserves?  The choice is yours.

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