SANTO DOMINGO — The German tour operator, TUI, in coordination with the Tourism Ministry (Sectur), presented its summer 2008 catalogue, in which it highlights Dominican Republic’s main attraction, as the Caribbean’s top tourism destination.
The company calls the Dominican capital is " Santo Domingo Select," full of colonial monuments, where tourists can find the ideal and varied opportunity to pass two days "without beach" amid the sun and beach vacations of Punta Cana and La Romana.
TUI touts Santo Domingo as America’s first city and suggests a visit to the Ozama, America’s first fort, and its oldest Cathedral. "Santo Domingo has a large number of monuments to offer,” noting the option of a two-day tour with a flight from Punta Cana and night in a top category hotel.
“Dominican Republic, has much more to offer than dreamy beaches and palms, for example the capital Santo Domingo, which is a world cultural legacy, according to UNESCO, and connoisseurs say it’s the most beautiful and oldest city of the new world,” said TUI president Volker Böttcher, speaking before Dominican and German journalists who attended the catalogue’s launch in Punta Cana’s Hotel Riu Palace.
He said Dominican Republic is "market leader" in long-distance travel, and for that reason the company decided to launch its catalogue in this country.
With prices so competitive and the perpetual increase in the areas popularity with tourists, experts are suggesting that property in the Dominican Republic is going to be a safe investment with prices only set to rise and rental potential drastically increasing in line with its popularity.
This tremendous piece of news has just arrived and has been reprinted here directly from the Dominican Republic Travel News on the 18th of September...
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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