Dominican Republic - The Facts
The Dominican Republic has been a popular holiday destination for both Europeans and Americans for many years due to the white-sand beaches, waterfalls and transparent turquoise seas. A recent shift in the country’s focus on commerce and quest for economic stability has also opened choice career opportunities for those looking to benefit from an offshore jurisdiction. With a stunning canvas of land and sea, read on to see if escaping the ordinary, savouring the sand and losing yourself in luxury appeals.
The Dominican Republic occupies two thirds of the Caribbean island of Hispaniola boarding the Republic of Haiti. Hispaniola lies west of Puerto Rica and east of Cuba and Jamaica. The capital of Dominican Republic is Santo Domingo. Flights can take between 10 and 11 hours usually with a short stop on the American mainland.
The Dominican Republic enjoys a year round privileged tropical maritime climate. The latitude of the island places it at the border of the tropical zone. The wet season is between May and November with periodic hurricanes appearing between June and November. Temperatures range depending on your location on the island. Morning temperatures in mountainous regions can be approximately 70°F/ 21°C with coastal areas soaring to 90°F/ 32°C at noon. These are averages for year round climate!
The government of the Dominican Republic is based on that if the United States. Therefore the President of the Dominican Republic is both head of state and head of government Legislative power is vested in both the government and the two chambers of national congress. There has been a surge in the service sectors across the Dominican Republic due to the growth in tourism and Free Trade Zones.
Living and working in the Dominican Republic
The Dominican Republic is not just beautiful beaches, crystal clear waters and luxurious tropical breezes. Conservation and sustainability has been at the heart of much development hosting impressive golf facilities, marina and spa resorts. With commerce receiving equal investment, working conditions offer to a high degree much more life balance to enjoy more leisurely pursuits such as kayaking, orienteering and beach life.
Offshore investors are discovering the Dominican and some are even calling it the best investment opportunity of the millennium. With tax free banking, almost non-existent property taxes and the ability to live comfortably on less than £1600 per month, professionals can find themselves earning more than 50% in real terms. Relocation expenses and temporary accommodation and transport are also included as standard in most packages.
