Hi everyone
I have previously lived for two years in Dominican Republic and my wife is Dominican. I have in mind to move to Dom. Rep. permanently but I don't know if I have sufficient money to found a business that would generate sufficient income to make a living. Sufficient for me means 1000+ US$ a month. I also still don't have a clear idea about what kind of business i could start. I just know that I would have approx. 200'000US at hand and that would have to do it.
I would like to hear an opinion from those of you who live in Dom. Rep for a longer time already and even better from those who run their own business.
Thanks a lot
200'000US$ sufficient to move and start a business in Dom. Rep.
mandru
31 October 2016 09:46:07
6
planner
31 October 2016 13:06:04
16613
First welcome to the forums. As a business consultant I can tell you MAYBE. It all depends where, what kind of business, your skill sets and background.
And I will tell you to be cautious about how much info you post in a public forum.
mandru
01 November 2016 07:01:30
6
Can you mention some buisness areas that are promising or let's say where the chance to succeed is real. You just don't want to start a business only to discover later on, that there is no need for what you offer, or people can't afford it. I know there are tons of details to consider but maybe there are some business sesctors that are much more promising than others. On the other hand the amount of money that you have at hand will also determine what kind of business you can run. This is maybe a premium question. I don't expect a detailled answer here.
Subscribe to this topic
Articles to help you in your expat project in Dominican Republic
Banking and finance in the Dominican Republic
Many people might assume that banking could be problematic or even unsafe in the Dominican Republic, but it is ...
Working in the Dominican Republic
If you are looking for a job in the Dominican Republic (DR), here are some tips and suggestions. Job hunting can ...
The healthcare system in the Dominican Republic
If you are moving to the Dominican Republic, one of your primary concerns is likely to be the healthcare system ...
Dating in the Dominican Republic
Just like anywhere else in the world, people in the Dominican Republic want to find love, their significant other ...
Driving in the Dominican Republic
What is driving like in the Dominican Republic and how do you obtain a driving licence? Find out all about it in ...
Education in the Dominican Republic
This article will cover the Dominican Republic's educational system, including public schools attended by 80% ...
Open a bank account that suits you
Discover the best international banks to manage your money securely.
"