Expat Advice: Financial Issues in Santo Domingo, Dominican Rep

What is the name of the city or town that you are reporting on?

Santo Domingo

Which banks do you use? If you have a local account, which bank do you use? How do you like it? Do you also have an account in your home country? Which bank? Do they charge for ATM withdrawals? Do they charge a lot for international wire transfers? How has it been working with them from abroad? Do you use a special international wire transfer service? Do you use an online bank? If so, tell us about them.

Before retiring in Santo Domingo, expats should be aware of the cost of living, which is generally lower than in other parts of the world. It is important to research the local healthcare system and to ensure that adequate medical insurance is in place. Expats should also familiarize themselves with the local culture and customs, as well as the language, to ensure a smooth transition. Additionally, expats should research the local job market and the availability of recreational activities to ensure that they have plenty to do in their retirement.

Abreu & Associates Immigration Services
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Abreu & Associates is a law firm practicing exclusively in the area of the Dominican Republic Immigration process and Nationality law. The firm serves as a trusted advisor in all practice areas of immigration law including Visa, Provisional Residency, Permanent Residency, Renewals, Investment Management, Dominican and American Citizenship, and Dominican Driver's License.

Click connect to have our partner contact you via e-mail and/or phone.

Abreu & Associates Immigration Services

Abreu & Associates is a law firm practicing exclusively in the area of the Dominican Republic Immigration process and Nationality law. The firm serves as a trusted advisor in all practice areas of immigration law including Visa, Provisional Residency, Permanent Residency, Renewals, Investment Management, Dominican and American Citizenship, and Dominican Driver's License.
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Click connect to have our partner contact you via e-mail and/or phone.