200'000US$ sufficient to move and start a business in Dom. Rep.

Last activity 01 November 2016 by mandru

808 Views

2 replies

Post new topic

mandruNew member31 October 2016 07:46:07

Hi everyone

I have previously lived for two years in Dominican Republic and my wife is Dominican. I have in mind to move to Dom. Rep. permanently but I don't know if I have sufficient money to found a business that would generate sufficient income to make a living. Sufficient for me means 1000+ US$ a month. I also still don't have a clear idea about what kind of business i could start. I just know that I would have approx. 200'000US at hand and that would have to do it.

I would like to hear an opinion from those of you who live in Dom. Rep for a longer time already and even better from those who run their own business.

Thanks a lot

plannerDominican Republic Expert31 October 2016 11:06:04

17070

First welcome to the forums. As a business consultant I can tell you MAYBE. It all depends where, what kind of business, your skill sets and background.

And I will tell you to be cautious about how much info you post in a public forum.

mandruNew member01 November 2016 05:01:30

Can you mention some buisness areas that are promising or let's say where the chance to succeed is real. You just don't want to start a business only to discover later on, that there is no need for what you offer, or people can't afford it. I know there are tons of details to consider but maybe there are some business sesctors that are much more promising than others. On the other hand the amount of money that you have at hand will also determine what kind of business you can run. This is maybe a premium question. I don't expect a detailled answer here.

Articles to help you in your expat project in Dominican Republic

Working in the Dominican Republic
If you are looking for a job in the Dominican Republic (DR), here are some tips and suggestions. Job hunting can ...
Dating in the Dominican Republic
Just like anywhere else in the world, people in the Dominican Republic want to find love, their significant other, ...
The healthcare system in the Dominican Republic
If you are moving to the Dominican Republic, one of your primary concerns is likely to be the healthcare system ...
Education in the Dominican Republic
This article will cover the Dominican Republic's educational system, including public schools attended by 80% ...
Setting up a business in the Dominican Republic
The Dominican Republic has indeed been attracting foreign investment over the past few decades, with notable ...
Driving in the Dominican Republic
What is driving like in the Dominican Republic and how do you obtain a driving license? Find out all about it in ...
Death in the Dominican Republic
What customs and procedures are common when dealing with death in the Dominican Republic? Find more about it in ...
Phones, internet, mail, and television in the Dominican Republic
If you are moving to the Dominican Republic, like anywhere else in the world, you will most probably want Internet ...