2014 News Articles

Many of our clients over the years have asked us this very question, and to be honest it really comes down to what you have more of: Time or Money.  But, with that said, there are some important differences you probably did not know or considered. The Economic Citizenship program is going to be faster, BUT much, much more expensive.  The program in the Dominican Republic a bit slower (about 18 to 24 months) - but about 70 percent less costly!  So, it really adds up to a time versus money issue and also what you think is a worthwhile venture. Read More. . .

Many articles have been written over the past few years regarding the upcoming solvency problems concerning the public retirement system in the United States known as Social Security (and other similar plans in other countries as well).  And of course we think it to be common knowledge that not just in the US but also in Japan, Italy, Spain and host of other nations, that there is a huge number of people starting to reach retirement age and thus a plethora of people tapping into these so-called old age social welfare pension benefits.  Read More... 

Over the years there have been a plethora of articles about retiring abroad on shoe string budget.  Articles with the title come to Panama, come to Costa Rica, live in Thailand, and of course retire in the Dominican Republic.  But is it true one can really live well on less in the Dominican Republic (and perhaps some other destinations also)?  The honest answer is yes, but it all depends.  It depends upon your lifestyle, it depends upon what is important to you and it also depends what you want to use as a basis for living costs.  In other words, just like many other things in life, the devil is in the details.   Read More. . . . 

There are two major points we want to make about this topic.  First, there is plenty of business opportunities if you know where to look and are open minded about where to locate your business.  For example, while strip malls are dying in the US, brand new shopping malls are going up in Malaysia, The Dominican Republic, Dubai, etc.  Second, starting a new business is a lot work and you have your own savings invested.  Why would you want to start a business in a country that is going to tax you for up to 80 percent of your profits once you start to make some money? Read More.....

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  3,000 US Citizens Renounced citizenship in 2013 - A new record.

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  Central Banks have been reducing holdings of US Dollars over the past 5 years.

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  Will the US Dollar be devalued to solve the debt problem? 

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  In some countries banking can be safer and more secure than in the US.

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  Speculation is that the Chinese currency will eventually be used internationally. 

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  Gold has been held as a hedge against inflation or devaluation for centuries. 

With all of the options you might have in terms of relocating to a new country or choosing one for a second passport or dual citizenship - you probably want to ask: Why The Dominican Republic?  A very good question, and this article hopes to answer your questions about the process in the Dominican Republic plus offer a comparison to some of the other economic citizenship programs out there.

Ascot Advisory has been helping clients for almost two decades with offshore incorporation services, banking and investment assistance, second passports & dual citizenship, plus some additional legal services in the Dominican Republic (such as real estate sales contracts and title search).  Our philosophy has always been to try to do a few things extremely well and considering the number of client referrals over the years, we would like to think we have been successful.  Dealing with the regulations and bureaucracy in another country is never easy, and of course much less so if you do not know the terrain (bureaucratically speaking) or the language.   In this respect, we do all of the heavy lifting (so to speak) so that the process for our clients is as easy and least time consuming as possible.  In addition, we assist our clients with banking, and other small but helpful services so they can accomplish what they need to do without difficulty.  We like to think we are different - providing value added services that many of our clients appreciate.  Contact us to find out how we can help you.