Hello guys I'm new here. I'm thinking of moving next year in santiago. I want to open a small business but I don't know the steps, Can someone enlighten me please .
Thank you.
Open a "Colmado" in santiago, DR
Nalexander
21 August 2017 17:52:06
3
planner
21 August 2017 21:25:37
16621
Welcome to the forums. You can own but not work in a business without residencia. Working in it means you need residencia.
Depending what kind of business you are looking at. Rules change by situation, area and type!
Bob K
22 August 2017 13:32:43
7675
Welcome. Lots to research on the subject here. Like Planner said you need your residency. Have you been here before??
Bob K
Nalexander
23 August 2017 17:33:14
3
Yes i visited a couple times. How long does it take to get your residencia? I won't be working tho just my business and live there maybe buying a home if they finance home there, do you know?
thecolonel
23 August 2017 17:59:42
558
If you really think you can just open a colmado and make a good enough living to pay for the mortgage on a financed house, you better do more 'due diligence'.
Nalexander
23 August 2017 18:12:20
3
That was not the question. But thank u
planner
23 August 2017 20:25:55
16621
You wont get financing as a foreigner. Sorry.
Bob K
24 August 2017 12:35:01
7675
You can get a home loan here but it is very expensive with stupid high interest rates and takes lots of time to arrange and about 2000 pieces of paper to fill out. With out a large amount of money (investments) or assets you won't qualify.
Bob K
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