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Dominican Republic

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DR Fast Facts

Punta Cana Dominican Republic

Population: 10,734,247
Capital City:Santo Domingo
Climate:Tropical Maritime

Dominican Republic Pontoon

International Dialing Code: +1
President: Luis Abinader

The Dominican Republic: A Super-Affordable, Sand-Fringed Island Nation

Welcome to the Caribbean as it once was, priced as it used to be. The Dominican Republic offers you a rich, relaxing, and truly diverse lifestyle (even on a pensioner’s budget). Plus, recent infrastructural developments mean it has never been safer or easier for foreign retirees and investors to stake their claims.

The final landing place in the New World for Christopher Columbus and his crew in 1493, today the Dominican Republic is a white-sand haven that is surrounded by warm turquoise waters and enjoys year-round sunshine. This affordable island paradise boasts not just beaches—both remote and resort—but also virgin jungle and mountain hideaways.

The Dominican Republic is the Caribbean but so much more, a melting pot with an eclectic population and a diverse history informed by Afro-Antillean, European, North American, and Latin cultures. This not-so-little island has a lot to offer and a long history of welcoming foreigners.

One Of The Last Options For Affordable Caribbean Living

property in las terrenas Dominican Republic The Dominican Republic offers a high-quality lifestyle at a not-so-high cost…

This is also one of the most affordable spots in the whole of the Caribbean, a place where you could embrace a white-sand retirement even if your retirement nest egg is nothing more than a monthly Social Security check. If you can swing a travel budget, island-hopping around the Caribbean could be your new retirement hobby from this convenient base.

Real estate prices are way less than you would pay elsewhere in the Caribbean. Cost of living is also surprising low for an island. Flights from the United States are regular and reasonably priced.

The Best Residency Program In The World?

The Dominican Republic makes establishing residency easy, and the country embraces—even rewards through incentives—foreign investors. In addition, residents can and do work here.

The Dominican Republic residency program is as good as you can find anywhere. The process is simple and fast. The pensionado visa can be obtained in under two months and comes with tax benefits and other perks. It’s affordable too. If you can prove an income of more than US$1,500 per month, plus another US$250 per dependant, you qualify.

There is also a clear path to permanent residency and even citizenship. The Dominican Republic allows you to hold two other additional citizenships. This is another reason why the Dominican Republic is becoming a very popular option for people looking to diversify their lifestyle.

Where To Live

Our favorite destination in the Dominican Republic, Las Terrenas, is known as the “St. Tropez of the Caribbean.” Here, you’ll be welcomed by locals and expats alike. And you’ll enjoy a wide range of products (from patisserie-baked pain au chocolat to German salami to Swiss cheese) thanks to a diverse and multicultural local community.

What sets this country apart from other Caribbean islands and nations is its more sophisticated lifestyle—one that is strongly European. Santo Domingo, the oldest permanent settlement in the New World, boasts some impressive colonial architecture, along with modern shopping options, theaters, museums, and stadiums (béisbol is a national obsession). It’s the best of island living with the opportunity to take in an opera, go to the game, get in a round of golf, or indulge in some retail therapy.

Where Is The Dominican Republic?

Flag on the map of Dominican Republic Alamy/tunasalmon

All beach lovers and Spanish colonial fans who appreciate a friendly, laid-back island culture should know exactly where the Dominican Republic is located. And if you live in North America, you’ll be pleased to learn that it’s probably closer than you think.

A Beautiful Island Nation

Aerial view of tropical island beach, Dominican Republic Alamy/Valentin Valkov

The Dominican Republic shares the island of Hispaniola with the country of Haiti.

The Dominican Republic covers approximately five-eighths of Hispaniola and Haiti claims the other three-eighths. Although they are neighbors, the two countries are different in many ways.

While Haiti suffers from poor infrastructure and frequent tropical storms that often devastate areas of the country, the Dominican Republic boasts modern infrastructure and good roads while avoiding most of the extreme weather often found in the Caribbean. In fact, the last major hurricane to strike the Dominican Republic was Hurricane Georges in 1998.

Where Is The Dominican Republic Located From The United States?

The Dominican Republic is the most visited destination in the Caribbean, partly because it is so convenient to the United States. Located just south of Cuba and the Bahamas, the Dominican Republic is an easy flight from many major U.S. hubs.

For example, a flight from Miami, Florida to the Dominican Republic’s capital city of Santo Domingo is only 831 miles and will take less than two and a half hours non-stop. Travelers from New York City can arrive in less than four hours, but from Los Angeles, you’ll probably have to connect in Florida or Panama because direct flights are limited.

Why Should You Consider The Dominican Republic?

As the second-largest nation in the Caribbean Antilles by area (after Cuba) and the third-largest Caribbean population with 10.8 million residents, the Dominican

Republic has much to offer. It has the largest economy in the Caribbean and the fastest-growing economy in the Western Hemisphere over the past few decades. Much of the economy is supported by tourism because of the natural beauty of the country.

Natural Benefits

For nature lovers, the Dominican Republic is well known for its gorgeous golf courses and stunning beaches, along with the tallest mountain peak, lowest elevation point, and largest lake in the Caribbean. With an average daily temperature of 78.8°F (26°C) and biological diversity ranging from tropical rainforests to tropical savannas, this is an outdoor lover’s paradise.

Historical Benefits

Cathedral of Santa Maria la Menor the oldest Cathedral in the Americas in Santo Domingo Alamy/Rafal Cichawa

If history and architecture inspire you, Santo Domingo’s Colonial Zone is a designated UNESCO World Heritage Site in part because it is home You’ll find Spanish Colonial influenced architecture in many of the larger cities. Spanish is the country’s official language, however, due to the strong tourism industry, you will hear and see a lot of English and French on the island as well.

Art and Sports Benefits

Traditional music group, old city, Santo Domingo, Dominican Republic Alamy/Lucas Vallecillos

Dominicans are proud of their music, dance, and sport heritage as well. In addition to typical Caribbean music and art, popular national dances and music styles include Spanish-influenced merengue and bachata. Baseball is the most-played sport among locals and several U.S. Major League baseball players call the Dominican Republic home. Hiking, climbing, boating, swimming, snorkeling, and scuba are favorite pastimes as well.

Financial Benefits

The official currency is the Dominican peso which has been steadily declining in value against the U.S. dollar over the past decades. While U.S. dollars, euros, Canadian dollars, and Swiss francs are also accepted in more tourist areas, you should consider exchanging dollars for the local currency while the rate is strong.

A Tropical Paradise That Can’t Be Beat

If you are drawn to the Caribbean Islands for the culture, weather, beaches, natural adventures, and friendly people, but deterred by high prices in many other places, look no further than the Dominican Republic. The quick trip from North America offers the best of island living at a reasonable cost.

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The final landing place of Columbus and his crew on their grand discovery tour of the New World in 1492, today the Dominican Republic is a place where you can: Live well on US$1,420 a month (enjoying the extras you’d struggle to afford back home)... Own a three-bedroom home just off the beach from as little as US$248,000 (or a loft-style apartment for less than US$120,000)... Enjoy year-round summer-like weather—most days here are sunny with clear blue skies. The average...

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