I figure the start up costs would be somewhere in the range of $350,000 - $550,000 USD which I plan to fund myself without the need for financing. The demand is Santo Domingo is definitely there. One short trip to the San Isidro section on Santo Domingo on a weekend evening/night will prove it. There are already a fair amount of Cabanas there but they lack quality i.e. (good towels, soap, condoms, beds, food, and drinks). I can price my Cabanas in-line with the other cabanas but have a superior product/experience rooms. Ultimately I anticipate that this will lead to me 1)taking market share from the existing cabanas or 2)attracting people who otherwise would not go to these "lower quality" motels. The beauty of it is that I am still relatively young and have my full-time job that can/will keep me afloat until the business gains traction.
Are there any other pitfalls i should consider? What is the tax rate on earned income for expats or dual-citizens? What can I reference for labor laws?