A nation that is not often mentioned when discussing offshore solution is the Dominican Republic in the Caribbean. The Dominican Republic is the second largest nation in the Caribbean with almost 49 000 square kilometers and about 10 million inhabitants.
It should be made clear that the Dominican Republic is not a traditional tax haven as many of the other Caribbean Jurisdictions. But even so it may have its advantages as an alternative to more traditional and ‘real’ offshore jurisdictions. You do only pay taxes on local income and what you earn abroad is not subject to any taxes in the Dominican Republic and you do not even have to declare this income to the authorities.
The great advantage with the Dominican Republic is the possibility to relatively easy and within a relatively short amount of time obtain a second passport. The main rule is that you can apply for a passport already after two years of residence. Even better is that there are no obligation to abandon your present passport and thus you can enjoy the advantage of having dual citizenship if you wish to.
You can read more about Dominican Republic at Wikipedia.
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