Re: Starting own business in DR
Thank you for the testimonial. Unfortunately, residencies are going to become more difficult. Today most law firms dealing with residencies were invited to a meeting with an officer from the Cancillerķa (Foreign Office). At the meeting it was announced that from now on any applicant for a residency must make a RD$500,000 pesos deposit (approx. $31,250 US) in a Dominican bank. It was further announced that the new regulation will be applied to all those applicants who have not yet received their residency visas. The annnouncement caused an uproar among the lawyers present and petitions will be submitted for reconsideration. Stay tuned.
On a more personal note, I did not graduate from McGill University. I went to high school in Canada at St. Andrew's College near Toronto in the 1960's. For college, I went south to Boston (Cambridge) to study at the Massachusetts Institute of Technology (M.I.T.) where I obtained my Bachelor of Science degree in 1973.
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