The Dominican Republic is in the Caribbean, and consists of the eastern two-thirds of the island of Hispaniola, between the Caribbean Sea and the North Atlantic Ocean, east of Haiti. The climate is tropical maritime with seasonal variation in rainfall but little seasonal temperature variation. The official language is Spanish. While most business is conducted in Spanish, English is widely spoken, particularly in the cities. The main religion is Christianity. The economy of the Dominican Republic is the largest in Central America and the Caribbean. It is a upper middle-income developing country. Business introductions are usually formal but can differ depending on the organization. It is expected to use formal professional titles followed by surname. Expatriate business dress is formal. While business is male-dominated, expatriate women in management roles are generally accepted by Dominicans. The security risk for expatriates in the Dominican Republic is medium. Risks include general crime such as pickpocketing and bag-snatching, as well as risks related to demonstrations. Other risks include those related to hurricanes. The currency of the Dominican Republic is the Dominican R. Peso (DOP). US Dollars are easily exchanged. Credit card cloning is common. It is generally safer to use cash. Private medical facilities and medicines are generally of a good standard, however these can be expensive for expatriates. Cases of Zika virus, chikungunya virus, cholera and dengue fever have been reported. The population of the Dominican Republic is 10.3 Million (2018 est.), while the inflation rate (CPI) is 3.87% for the Dominican Republic as at August 2018. Xpatulator Hypothetical Tax for the Dominican Republic is based on the current personal income tax rates which are progressive up to 25%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Dominican Republic, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Dominican Republic as at 1 October 2018 is average in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Low 2) Clothing: Average 3) Communication: Very High 4) Education: High 5) Furniture & Appliances: High 6) Groceries: Low 7) Healthcare: Low 8) Household Accommodation: High 9) Miscellaneous: Average 10) Personal Care: High 11) Recreation & Culture: Low 12) Restaurants Meals Out and Hotels: Very Low 13) Transport: Very Low Dominican Republic is for example -11.6% cheaper than USA for groceries, 13.4% more expensive for household costs than UK, and 43.5% more expensive for transport costs than India. The hardship premium for Dominican Republic for an expat from Australia, is for example 30%, i.e. host location (the Dominican Republic) premium of 40% minus home (Australia) location premium of 10%. Dominican Republic is ranked as a extreme hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Dominican Republic? Register subscribe to your home location and Dominican Republic and run your personalised reports.