SANTO DOMINGO... Luxury tourism, new airline to be featured in the world’s largest fair...
SANTO DOMINGO.- Berlin’s International Tourism Market (ITB), the world’s most important tourism fair, already has 11,000 exhibitors from 180 countries in its catalogue for this year, two months before the exhibit, with Dominican Republic as guest country, the news service EFE said.
The fair, slated for March 5 to 9, expects at least 100,000 visitors in Berlin’s fairgrounds, with the ITB occupying 160,000 square meters.
ITB director David Ruetz praised the "high and constant level" of the demand by exhibitors, which he said would consolidate the exhibition’s leadership within the industry even more.
In Berlin Dominican Republic will feature its luxury tourism and Samaná peninsula as a standard in tourist attractions, along with its ecotourism and beaches.
New Dominican Airline...
Exclusive complexes, golf courses and high end marinas will coexist in the ITB next to paradisiacal beaches, family vacations and the Caribbean’s country exuberant vegetation, and will also present its new airline, Dominican Air.
The ITB concluded its last fair with a record 177,000 visitors, 109,000 of them professionals, a 15 percent more than in 2006, and around 5.0 billion euros in transactions.
DR becomes retiree paradise
With the approval and publication of Law 171-07 on Foreign Retirees, the Dominican Republic has become a paradise for people planning to retire to an idyllic setting. Fast-tracked residency paperwork (45 days), duty-free household goods, reductions on motor vehicle taxes, exemption on transfer taxes for the first purchase of real estate, 50% reduction on taxes on mortgages, 50% reduction on the annual property tax, exemption on taxes on dividends and interest, 50% reduction on capital gains are just some of the attractions. Developers are very happy with the new law. Just ask Jose Luis Asilis, the president of the Metro Group, who pointed out the need to publicize the news overseas. Asilis told a meeting organized by Listin Diario that Europeans can "live like kings on a fraction of what they receive in pensions."
The minimum monthly income required is US$1,500 US for retirees with a government or private pension and US$2,000 in verified income from all others.
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