Minimum income
$1,500/mo
per month
Stay
12
months, renewable
Application fee
—
Tax
0.0%
Pensionado Tax Exemption — foreign income exempt
Path to staying
- Residence permit12 months
- Renew48 months at a time
- Permanent residencyafter 1 years
- Citizenshipafter 2 years
- Permanent residency 1 years
- Citizenship 2 years
- Dual citizenship allowed
- Language required for citizenship
Overview
- Country
- Dominican Republic
- Program
- Pensionado Visa
- Local name
- Residencia por Inversión — Pensionado
- Type
- Retirement
- Status
- Active
- Initial duration
- 12 months
- Renewable
- Yes (48 mo)
Retirement residency with a fast track: just $1,500/month pension income, with eligibility for citizenship after only 2 years. Full exemption on foreign-sourced income.
Financial requirements
- Income requirement
- $1,500/mo
- Pension requirement
- $1,500/mo
Eligibility
- Criminal record check required
- Health check required
- Health insurance required
Work rights
- Employment not allowed
- Self-employment not allowed
- Own a business allowed
- Work permit included no
Family and dependents
- Dependents allowed
- Yes
- Spouse included
- Yes
- Max child age
- 18
- Parents allowed
- No
- Extra per dependent
- $250
Benefits and mobility
- Bank account can open
- Property purchase allowed
- Public healthcare no access
Tax
- Tax regime
- Exempt
- Tax rate
- 0.0%
- Regime name
- Pensionado Tax Exemption — foreign income exempt
- Foreign income taxed
- No
- Capital gains taxed
- No
How to apply
- Method
- in person
- Processing time
- 45–90 days
- Apply from abroad
- No
Notes
One of the fastest paths to citizenship in the Americas (2 years). Initial permit is 1 year, then 4-year renewals. Pension must be lifetime and from a foreign government, official body, or private company. Additional $250/month per dependent. Health insurance required. Application must be started from outside the country. Full exemption on foreign-sourced income including after the 2-year grace period.
Also in Dominican Republic
Dominican Republic also offers a digital nomad visa for remote workers