Where exactly? It's a big country
What do you mean?
It's not Switzerland, fortunately.
You can eat with much less. And you can eat at home, like most locals do most of the time.
Define organized. The DR is a big country with 10 million people, not a small 100k people island that you can tour by bike in a day.
There are many Caribbean islands where food is good and cheap.
Did you try Las Galeras?
This means you have never saw the DR.
Rent a car, wander around for 6 months, visit the whole country. If you have an adventurous spirit, use guaguas and motoconchos, live like a local. You will have the time of your life.
I stayed for three months, did try to fit in basically this way (as everywhere else I visit) and I agree that Samana peninsula is the place in DR. The countryside and the beaches and sea are beautiful, it still has the right level of "underdevelopment" to feel free, relaxed atmosphere. On the other hand locals are ready to skin alive any gringo and any closer look reveals the terrible mess everywhere. Las Terrenas is a s**t hole, endless noise from construction, trucks, motoconchos, bars, local neighbors with zero respect to others (I know... "part of their culture" 😀), Sanchez needs no comment, and Samana is an uninterestig place and Las Galeras seems to be still forming into something else than a village with no services... hopefully it will not end up as Las Terrenas.
I didn't say that”¦ some like it, some don't. There's something for everyone in the DR, you have to explore. There are many hidden gems.
Which is fair. You need to learn how to deal with locals.
This is a gringo's view 😛
100% agree
There are some nice places around Cabrera
For gringos 😉
It's not for everyone. Like in the Bahamas, you can't have it all: it's either the peace and quiet of the family islands or the services, buzz and crime of Nassau. You can choose and be happy.
Hi, as it seems you are one of the guys which most experience in the Dominican Republic.
Good move
If you need any help locally let me know
Correct. However, enforcement is non-existent
Yes, as long as you keep it abroad and don't have a pe in the country.
Thanks - can't stand the summer here anymore. Will do one more year to get everything sorted but than i am done.
Very generous offer - i'll for sure remember / but hopefully can do it on my own (but as i am going to buy some realestate, i might have 1-2 questions concerning this in the future)
Well - had this semi-legal stuff too long, i dont mind if passive is taxed tbh, just wanted to make sure its only passive income & not regular foreign income. (some sites say so, some so ... at least from my research)
Alright, so in your opinion a foreign company and a foreign bankaccount are the best to go?
contact me if you want to jump lines smi(&%
Yes
The company would be taxed locally then, unless you set it up in a free zone, but I don't think you can do that for a consulting business.
Born and raised here. Don't do that unless you want to be on first name terms with a local tax inspector (DGII). Local companies are literally harassed with endless bureaucracy, requirements and B.S. from the tax authority. Trust me it will be a headache.
shouldn't be that bad if the company is just used to hold assets (typically real estate) - from what I understand it's pretty common instrument for safety reasons
Imagine if I would buy a small finca of yours, but in reality only a small fee changed hands.
You pay taxes on the earnings, plus some salaries to give jobs to locals (this is very important). The real estate transactions fees are negligible, plus you have tax incentives on agricultural businesses.
Local girls are shaped differently than those you like smi(&% And they can be very dangerous because they come with the whole extended family attached.
rof/% smi(&% Thanks for the warning. Instead, I'll buy AAPL, BRKA, & MSFT shares with the money I'll save from the flight and hotel stay smi(&% 😉
Myyy Gooooddddddddddddddddddddddddddddddddd....... You pressed the right button here! stupi#21 This is my pet peeve! My personal vexation! stupi#21
