There are many readers of this article that have already decided they want a second passport in view of the economic crisis affecting a good number of countries around the world. The question that begs answering is why the Dominican Republic.
The following are some of the reasons why I not only promote residency and citizenship in the DR, but why I myself as an expat chose to naturalize here:
Low tax rates
The ability to hold dual citizenship
No renewal costs (cost of renewing residency)
No physical presence required in the country to hold residency status
REAL ESTATE for a reasonable price you can obtain beautiful property with the most amazing views. In my case, commercial property in the most exclusive part of town.
Better quality of life
Low cost of living
Beautiful country which has diversity (not just mountains and beaches)
While there is no such thing as a perfect place, there is such a thing as an ideal place. Each individual must think about what they want out of the country they invest/reside in and then make a move. After analyzing all that the DR had to offer I made the decision that this was the place for me and ten years later I can tell you without a doubt, it was the best decision I ever made. I am hoping that by sharing the knowledge I can help others get closer to reaching their goal of diversification.