NewsWhore
12-28-2006, 05:00 PM
The Chamber of Deputies has approved a legal package for foreign pensioners who choose to retire in the DR, with the hope of increasing the amount of foreign investment in the country. The package, Incentives for Overseas Renters and Pensioners, aims to give citizens who are living abroad the same benefits and exemptions as those received by foreign investors in the country, when they retire here. PRSC member Victor Bisono introduced the legislation and was quoted in Diario Libre as saying that it is a way to dynamize economic activity in the country. The bill has yet to be reviewed in the Senate.
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