Expat Community > Dominican Republic

paladino
Joined 2011
Posts: 127

comments onf residency "proof of economic solvency"

9 years ago

First let me say that I am hoping to get specific comments here on a specific subject in regards to applicaiton for residency. I am hoping this thread will stay on topic long enough to get some realy info and hope that it does immediately degrade into a battle of gringos vs. dominicans on the subject of non-compliance that I keep seeing here. If you got a beef there are other threads already going where you can vent on the residency thing.

Here is my situation and question. I am about to arrive to live in the DR, I hope to make that arrangement legal by seeking legal residency status. I am not married, have not Dominican children therefore I will have to said as simple expat wanting to live in the DR. I don't have a big investment account, I don't yet collect social security nor do I have a pension.

Among the various requirements that I will not repeat here is a requirement... "proof of economic solvency"

Since I don't have a retirement income presently only cash savings I am curious to know if anyone has an explanation of what amount of savings aka cash is enough to satify a residency application to be able to become legal. Though my intention is not to work in the DR as I make my income trading FX on-line I do have highly valued skills with 25 years of experience in computer consultancy and software engineering and if that would help my application in any way I would lean on that also.

Opinioins are accepted but I hope there is someone who has talked to someone who knows and can give me a reasonable impression of what the expectation is as "proof of economic solvency".

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Expat Community > Dominican Republic

comments onf residency "proof of economic solvency"

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