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Many people dream of relocating to warmer climates upon retirement and moving overseas is a great option. The opportunities for sunny beaches and turquoise waters are endless, but the Dominican Republic should rank high on your list for more reasons than climate alone. With an established expat community, developed infrastructure and affordable cost of living, Punta Cana is quickly becoming one of the top retirement destinations in the world. Read more about the benefits of retirement in the Dominican Republic and let us help you find your ideal retirement oasis.
Island life may seem like an adjustment, but the lifestyle
in the Dominican Republic is actually very European. This allows expats to enjoy the serene tropical setting of the island, while also feeling a semblance of home. The expat community in Punta Cana continues to grow and encourages the growth of additional amenities and conveniences throughout the community. Punta Cana’s increasingly diverse population grants the rare opportunity to meet people from all over the world. Retirees from across the globe form meaningful, long-term friendships within and beyond their communities. This diversity also contributes to the availability of a wide variety of international products and cuisine. Incredible restaurants mottle the island, ranging from traditional Dominican seafood joints to French bakeries and amazing Italian bistros.
The infrastructure continues to grow throughout the Dominican Republic. Punta Cana has a beautiful international airport with flights arriving from all over the world. With only a two-hour flight to Miami and less than four hours to New York City, it’s easy to fly home to visit friends and family—or better yet, invite them to visit you. New highways and road systems make travel easier than ever, allowing residents to explore every inch of the island. In fact, traveling across the island takes three hours or less. Taking a weekend road trip to enjoy the quaint Northern countryside is just one of the many adventures that you can plan. Modern and reliable healthcare is also available at Punta Cana’s local hospital, along with a larger hospital located in the nation’s capital—Santo Domingo.
Unlike other islands in the Caribbean, the cost of living in the Dominican Republic is extremely affordable. With a monthly budget of $1,000 to $2,000 USD, you will be able to live very comfortably in the Punta Cana area. For example, a monthly budget of $2,000 USD would allow a person to enjoy a larger home with household help and extra money available for dining and entertainment options. Retirees who decide to purchase a home or condo rather than rent one will enjoy living on a budget that is even lower. The Dominican Republic boasts some of the most beautiful beaches in the world, but the low cost of living is just as alluring.
The retirement application process is also incredibly simple and straightforward. The Dominican Republic allows any person to retire to the country if he/she can show proof of a monthly pension, plus an additional $250 USD for each person who is accompanying them. The application process takes approximately 45 days for approval and also comes with the advantage of various retiree benefits and tax breaks. If you apply for residency before arriving on the island, there is also an opportunity to ship all household goods tax-free.
Punta Cana is a well-established community that caters to retirees’ every desire and need. The low cost of living allows for additional luxuries that may not be within reach in other Caribbean countries. Retiree benefits and tax breaks are also welcomed perks. Continuous infrastructural improvements make travel and exploration easier than ever; there is always something new to discover and the opportunities for tranquility are endless. Punta Cana is the perfect place to retire and enjoy your most relaxing years. Let us help you find your perfect piece of paradise!
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