The Dominican Republic is once again considered one of the best destinations to retire in the world by the renowned Travel & Leisure magazine.
For a tropical island retirement, the Dominican Republic is one of the least expensive Latin American countries for retirees. In Santo Domingo, the capital, rent is about 90% lower than in New York, and the cost of living is about 55% lower. Just two hours from Miami, its location is another advantage for some retirees.
Most retirees purchase private healthcare insurance as they are not eligible for government programs, and quality health care in private hospitals is available at reasonable prices. The Dominican Republic offers a retirement visa or "pensionado" with proof of at least $2,000 in monthly income, a background check, and birth certificate. Retirees can enter the country on a tourist visa and then apply for a retirement visa which takes several months.
Most expats live in the cities of Santo Domingo and Santiago, and there are beautiful tourist towns like Punta Cana, Puerto Plata, and Boca Chica.
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