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Originally Posted by nudel1
Thanks for your kind words of encouragement and advice Skippy. I am awaiting an English translation of the draft contract, however as far as the registration of the Company in the DR goes, that is already done, as the vendors of the property are selling the company and the shares can just be transferred. That is the beauty of it!! I have met with an excellent Notary is Sosua and am 100% convinced that all is good.
Thanks for the advice - I have just discovered this website and I am on it all the time - it is now almost 3a.m. in London and I am still here ! Do you have any more words of wisdom for anyone seriously considering relocating to the DR? What will happen in the elections? What will happen with real estate in the Cabarete area? What about foreign investment? What are crime rates like? Bank rates? Is anyone afraid of tsunamis???
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When I first saw your post I thought what should I say...my head is screeming No don't do it don't be so quick to rush into a life changing enterprise that could be for the better or the worse. I decided to be practicle and try to be helpful.
I am glad you think I am being encouraging but really I dont want to be every bone in my body is feeling an unease.
JD Sauser is absolutely right and I think you should listen carefully to all the advise. This country has some fantasic opportunities and lots of them. If you are looking for an investment there are many to be found some high risk some not.
Do you really have the experience to run a business have you done anything like this before?
If you are struggling for finance now will you have a safety net if you have a few set backs?
Have you lived here any length of time to get to know the community?
Crime here is not endemic its higher than a lot of places but you can operate here reasonably safely with the usual precautions and some more to be sure.
I do not want to dampen your dream but I am worried that you have not done enough research.
If you were my daughter I would be very very worried that you could being too brave too bold and too quick.
As said before do research find out everything you can and ask to see the trading accounts for the last 5 years get copies of all tax returns. You really do run the risk of inheriting more than you actually bought........please please becareful not everyone is a nice guy and sometimes the old ugly grumpy bu***r is a friend, the happy young sexy bronzed god is not always Mr Congeniality.
The world will not stop if you miss this bus but it might if you catch it.
Skippy1