Rentista residency clarification

ondami Contributor

Member since 25 July 2023

ondamiContributor31 January 2024 16:50:27

142

Good morning folks.

I have searched the forum for clarification on Rentista residency; however, I was not able to find anything; thus, my questions.

For the Rentita residency I have seen that one must demonstrate "passive income". Does this mean that I have to demonstrate "passive income" from rental properties in my home country?

Are there other sources of "passive income" that would qualify for the Rentista residency beyond income coming from a rental property in my home country?

Please note, that I plan on working with Lishali (spelling) as my time for moving draws closer.

As always, I thank you in advance for your time and assistance.

Have a super-fantastic day!

planner Dominican Republic Expert

Member since 27 December 2010

Dominican Republic Expert

plannerDominican Republic Expert31 January 2024 19:01:03

17267

As I understand it rental income qualifies as can other sources of non work related long term stable income. An annuity may qualify. Long term dividend income may qualify.

ondami Contributor

Member since 25 July 2023

ondamiContributor01 February 2024 00:08:57

142

@planner thank you.

I wonder if disability payments/income would count?

ddmcghee Dominican Republic Expert

Member since 15 May 2017

ddmcgheeDominican Republic Expert01 February 2024 01:23:54

1758

@ondami You have to show the passive income for at least 5 years. The monthly income requirement is higher with Rentista compared to pensioners. If the disability income is permanent, it might be able to be counted as pensioner income.

ondami Contributor

Member since 25 July 2023

ondamiContributor01 February 2024 14:40:07

142

@ddmcghee thank you.

I will be able to quality for the pensionado residency as I plan on retiring in 2025; however, I am exploring the rentista residency as I would be able to start that process sooner than the pensionado residency as I would not have to wait on retiring and getting proof of retirement (retirement letter) to start the rentista residency process.

Sounds like I need to contact Lishali and explore my options.

Have a super-fantastic day!