The Dominican Republic among the 10 best places to retire
The Dominican Republic is once again considered one of the best destinations to retire in the world.
This time in its most recent edition on February 6th, the renowned Travel & Leisure magazine on its website, places the Caribbean nation in a top 10 in this category for this year
In that sense, Travel & Leisure indicates in its publication that “For a retirement on a tropical island, the Dominican Republic is one of the least expensive Latin American countries for retirees. In Santo Domingo, the capital, the rent is 90% lower than in New York and the cost of living is 55% lower. Just two hours from Miami, its location is another advantage for some retirees”.
These characteristics make the Dominican Republic a very attractive place for the issuing market of the US and Canada in the segment of people of retirement age from their jobs.
The tourist real estate market recognizes it in this way, and it is combined as a second property, which is later, in the absence of its purchasers, to a management company to rent it and thus recover the investment and maintain minimum operating expenses.
“Most retirees purchase private health insurance as they are not eligible for government programs, and quality medical care at private hospitals is available at reasonable prices. The Dominican Republic offers a retirement or “pensionado” visa with proof of at least $1,500 in monthly income, background check, and birth certificate. Retirees can enter the country on a tourist visa and then apply for a retirement visa, which takes several months”, noted the post.
Travel & Leisure ends by stating that “Most expatriates live in the cities of Santo Domingo and Santiago, and there are beautiful tourist towns such as Punta Cana, Puerto Plata and Boca Chica. Certain areas are not considered safe, so do your research before you move”.