"The Best Kept Caribbean Secret"
There are many places you can go to in the Caribbean, but there is only one spot that has been called "The Best Kept Caribbean Secret".
That place is the Dominican Republic, and the time to find out about this investors paradise is sooner, not later! You can find out about basic statistics from any book-store travel guide, but not the honest kind of perspective you are looking for. What is it really like to live there? What is the cost of living? How do I find the real estate or apartment bargains? Can I find good Internet access? What is the shopping like? How about banking rates? That is why you need St. Benedict Biscop Benedictine Corporation at your side. Read more: A Brief Economic Overview on the Dominican Republic (pdf) (A new window will open with each link for your convenience. )
Christopher Columbus did not discover America, he discovered the Dominican Republic!
In fact, he liked it so much, he decided to stay. The odd thing is, Europeans have been coming ever since, but with less than 20% of the tourists coming from the US, it remains a undiscovered "secret" for Americans. Are there other beautiful places in the Caribbean? Sure there are, but not as inexpensive or offering so much for both the investor and retiree.
High tax-free interest on your US dollar investments, one of the fastest growing countries & economies, pleasant year-round climate, the opportunity for a tax free business, and very modern health care facilities are only a part of the attraction.
Regardless of whether you want the casual beach lifestyle, the cooler temperatures of the mountains, or the nightlife of a modern cosmopolitan capital city, the Dominican Republic has something for everyone. Located on the second largest island in the Caribbean, just a short flight from Miami, it also has more undeveloped and unspoiled beach front property than any other place you can think of.
To learn more about the Dominican Republic and why we at St. Benedict Biscop have chosen this hidden paradise for investment purposes in land, hotel resorts and food, download PDF here: Dominican Republic - A World Class Real Estate Investment (pdf) (A new window will open with each link for your convenience. )
The September 21, 1998, issue of Forbes Business Magazine said "The Dominican Republic set out in the early 1990s to remake itself, reform its government, modernize its institutions and open its economy. Now just a few years later, a new generation of leaders has determined that the Dominican Republic can change and compete in the global economy of the 21st century". Foreign direct investment has grown since 1993, from US $91 million to an estimated $624 million in 1997, and it is still growing. Wise investors have started to take notice.
Looking for some of the best real estate bargains in the Caribbean?
Where can you buy a new home like this one for under US $ 75,000?
The answer is in the Dominican Republic. Read more: Analysis Shows Sustained Growth (pdf) (A new window will open with each link for your convenience. )
Ask most Americans about the Dominican Republic, many have not heard of it. For those that have discovered it while on vacation, many have decided to call it home. Whether you are looking for something different ~ like Santo Domingo's 500 year old Zona Colonial ~ The Left Bank of the Caribbean, or just a great Caribbean escape at an affordable price - The Dominican Republic is the Place. Offshore Investors are also starting to discover the country. Many are calling it the best investment opportunity of the new millennium. We could not agree more.
The lure of the Dominican Republic is not just about beautiful beaches, crystal clear water, luxurious tropical breezes and all of the other things that come to mind when conjuring images of the Caribbean. In fact, many other places you can name do in fact offer the same. So, what is so special about the Dominican Republic? In short, it is still one of most affordable places for tourists and for real estate investors alike. Tax free banking, property taxes so low they are almost non existent, the ability to live very comfortably on less than $2,000 per month ~ make the Dominican Republic the undiscovered paradise.
If you don't know offshore banking from offshore fishing, how to find the true bargain basement properties (not the high priced developments shown only to tourists), how to enjoy tax free bank account interest up to 18%, what to expect when purchasing property or making a move, feel free to contact us at 647-478-3108.
Investment boost in Dominican Republic points to property surge
Major investment and development in the Dominican Republic is set to boost the Caribbean islands tourism and property investment industries.
A major investment deal from an as yet unnamed Balearic Island development group worth $3.7 billion will include a railway linking Santiago and Santo Domingo and other significant tourism improvements, the government has announced.
Some $30 million for the reconstruction of highways has been granted by the OPEC Fund for International Development, a number of new Aero Caribbean flights and the construction of a ferry terminal costing $10 million at the Sans Souci tourist port, will also significantly add to the island's attractiveness to investors. Read more: The Dominican Republic Points to Property Surge (pdf) (A new window will open with each link for your convenience. )
These plans are a major boost for a country where tourism accounts for 24% of GDP and is fuelling economic growth. The contribution of tourism to employment is now expected to rise from 555,000 jobs in 2008 to 743,000 jobs by 2018. By 2012, it is forecasted that the Dominican Republic will receive five million annual visitors, a one million increase over expected 2008 visitor totals.
And according to a recent report by the Dominican Republic Ministry of Tourism, tourist arrivals for the first quarter of 2008 have already increased by 8% compared to the first quarter of 2007.