Hi guys! As an expat looking to relocate in Las Terrenas soon, I would like to know if anyone of you that live in DR invested in Certificate in local Banks. I red that interests given by Dominican Banks in CURRENT ACCOUNTS are quite higher than European Banks or also Asian Banks. Do you think that you can have a good return? I know that the problem can be the inflation and the exchange rate in case in the future the person want to transfer back the money in the original currency but in case a person decide to live there and consider DR as home, this problem can have less importance.
Any comment about this matter is very appreciated . Thanks again
Invest in Certificate and Current Account in DR/ Las Terrenas
zaupino
13 October 2016 05:22:37
32
planner
13 October 2016 23:39:05
16621
On a relative basis the rates of return are nice. Yes you have currency risk. Yes you have inflation risk. If you are going to live here it is relative.
zaupino
14 October 2016 10:50:06
32
Planner, as always you are so Kind. Thanks! Do you have also some "numbers " to share (regarding the return rates)?
Thanks and wish you all a great weekend!
planner
15 October 2016 00:08:39
16621
Sorry I do not. It depends on the amount the currency and the duration of the investment and of course which bank.
zaupino
15 October 2016 09:24:30
32
Got it ! Thanks a lot.
Subscribe to this topic
Articles to help you in your expat project in Las Terrenas
Citizenship in the Dominican Republic
Suppose you got tired of renewing your residence permit. In that case, you simply want to commit to the Dominican ...
Traveling to the Dominican Republic
Before traveling to the Dominican Republic, whether for tourism, to work, to study, or to settle down, it is best ...
Retiring in the Dominican Republic
Many retirees, or those reaching retirement age, like to visit the Dominican Republic and end up falling in love ...
Death in the Dominican Republic
What customs and procedures are common when dealing with death in the Dominican Republic? Find more about it in ...
Birth in the Dominican Republic
This article provides some information about the culture and the customs of Dominicans when giving birth and ...
Divorce in the Dominican Republic
The Dominican Republic offers a number of types of divorce, the most common of which are divorce by mutual consent ...
Open a bank account that suits you
Discover the best international banks to manage your money securely.
"