Best residency option with $100,000?
- Thread starter lopez007
- Start date
- Status
Are you just shopping around for a random residence or do you have some reason for moving?
Toggle signature
@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Citizenship by investment minimum 100000 USD Welcome to Dominica
https://www.henleyglobal.com/citize...MIyMXN_of0-QIVwZJmAh2mag66EAAYAyAAEgLdxvD_BwE
https://www.henleyglobal.com/citize...MIyMXN_of0-QIVwZJmAh2mag66EAAYAyAAEgLdxvD_BwE
This post from 2002 is OT. OP is looking for residence, not citizenship.
Toggle signature
@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
If I give more details, I am currently residing in Netherlands with 2 year left residency (I don't have any intention to extend it). I am from Turkey but can't go there for various reasons. I am just casually looking, it is better if it's south or central america.
Yes unfortunately. But I wanted to ask here if someone now a. cheaper option buy any chance.
Dominican Republic
Toggle signature
Toggle signature
@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Paraguay.
You need 5000 usd for the residency and put this in a local bank. The place is also pretty cheap. You will get this 5k back, so the only cost are the local lawyers.
It will not be an easy road for that amount of money left (95k) but it is def doable with this amount if you are only halfway smart about it.
Ideally would be 200k-300k.
My bet would be to realistically make it there at minimum 50k is needed.
If you are okay with living in DR it may be worth considering. Speaking only for myself I've been there a week and that was 5 days longer than I needed to know I would have no desire to live there. As a point of comparison, that was one day less than I needed to know I would never want to live in Atlantic City. AFAIK DR doesn't offer any visas based on fixed deposits. It's an income of US$2000 per month for the last 5 years or a pension of at US$1500 per month.
MedellÃn is rather nice, but like DR not for everybody. With $100k that should be enough money to form a company, become an employee of your company and stay as long as you want by renewing a TP-4 visa every 3 years. The worst thing about Medellin is that no one wants to tell you anything you don't want to hear (especially women) so you'll almost always hear the answer you want, which may or may not end up being true. Lying like this is the social norm and could cause you anything from a minor inconvenience (a woman stands you up) to a major inconvenience (actually, we're not going to honor the rent rate we negotiated, and it's now 50% higher than the initial asking price). If you can get used to that people that live there tend to be very happy.
MedellÃn is rather nice, but like DR not for everybody. With $100k that should be enough money to form a company, become an employee of your company and stay as long as you want by renewing a TP-4 visa every 3 years. The worst thing about Medellin is that no one wants to tell you anything you don't want to hear (especially women) so you'll almost always hear the answer you want, which may or may not end up being true. Lying like this is the social norm and could cause you anything from a minor inconvenience (a woman stands you up) to a major inconvenience (actually, we're not going to honor the rent rate we negotiated, and it's now 50% higher than the initial asking price). If you can get used to that people that live there tend to be very happy.
Dominican Republic = you can go and stay, as long as you leave the country every so often.
Dominica is porbably available as someone mentioned above
You can buy an apartment in Colombia and get a residency visa based on owning a home dwelling I believe. And it's a REALLY GOOD infrastructure and great cost of living (very easy to manage in Colombia ). You can even start a business probably with that money after buying the home.
Dominica is porbably available as someone mentioned above
You can buy an apartment in Colombia and get a residency visa based on owning a home dwelling I believe. And it's a REALLY GOOD infrastructure and great cost of living (very easy to manage in Colombia ). You can even start a business probably with that money after buying the home.
Dominican Republic or Colombia?
Dominica I dont know a lot about, beyond the nature scene is amazing. But the infrastructure is pretty behind.
You can get by on English but I'd suggest learning Spanish. You will get so much more out of living in a Latin country by knowing Spanish.
I have family that's Latin-mixed and took the same Spanish classes as every other American in school. You think you forget that stuff until you live somewhere, where it's spoken every day. It will all come back and after a while, you'll be able to defend yourself in a conversation with ease. And more importantly, understand others.
Colombians are cool if you're cool. If you have some sort of personality disorder, suggest you get help to fix yourself or go to rural parts to be by yourself to be honest.
I lived in Colombia 8 months (from end of 2021 and into 2022) and had a great time. Bogota to Villavicencio.
In Colombia you do need to have a little street wits and I'd suggest being a litle confindent in yourself.
I had 0 problems and I went to their worst areas, in the night time.
I love it . I will definitely buy property in Colombia. #2 most bio-diverse country in the world and the food.. especially the fruit and veggies are AMAZING!
Cost of living is super low.
If you guys need help. I can do a Q&A on Colombia or Dominican Republic and share places to stay , things to do, ways to get your money with a little less fees, etc.
Basically, stay away from big tourist areas and you can get a home that only have to pay taxes on one time until sold
A lot of businesses here are in cash
If you desire a country that loves everything Western/American, look into the Philippines. Very easy to get around since everybody speaks English (administrative language). Life is affordable, people are friendly and residency is achievable in a straight-forward way.
- Status