While many people may have visited the Dominican Republic as a vacation destination, the truth is that it can also be an excellent idea as a second home or even as a second country for those seeking legal residency or even a second passport. In addition, the Dominican Republic does accept and recognize dual citizenship (as does the US as well).
If you are considering relocating to another country or if you are simply seeking out second citizenship options, the truth of the matter is that the Dominican Republic may be one of the last places that comes to mind. However, this not so small Caribbean nation (population about 8.5 Million) located just 3 and ½ hours by plane from New York and 90 minutes from Miami, with plenty of direct international flights to Europe and parts of South America, might be just the destination you have been looking for. There are of course many reasons to consider the Dominican Republic, as a second residence, retirement destination or relocation destination. However, one of the reasons that many people also seek out the Dominican Republic is the quick and uncomplicated process both for legal residency and eventual citizenship as well.
In regards to the idea of the Dominican Republic as a relocation or retirement destination, it certainly is true that the country offers some of the most affordable real estate in the entire Caribbean. This is especially true when you begin investigating the costs for apartments or homes in places such as the Bahamas, Bermuda, St. Martin, Aruba, Turks & Caicos Islands, etc. If seeking a second home close to the beach or a brand new luxury apartment in the modern capital of Santo Domingo, it is not difficult to realistically find either one in the US$120,000 range for something in the upper end real estate category. In comparison, if you have ever attempted to shop for real estate in some of the other Caribbean Islands, you will quickly realize what a bargain this is. Please see homes, condos and business for sale here: Real Estate for Sale
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