What type of investment can I make in Dominican Rep?

Question

Its my mothers native country, and Im ashamed that Ive never been there. I would like to invest there. I have 54,000 pesos. Any ideas?? Do you think its wise to put money into their central bank?? My mother has lost touch because of family issues otherwise I would ask her.

Answer 1

I'm dominican i live in miami now. i use to save my money in banreservas. its the goverment bank so it wont crash . I guess el banco central wont have any problems either. but i'd rather banreservas for some reason. Probably businesses are betting banks, colmados or bodegas. but u might need more than 54,000 pesos. It really depends on the neighberhood you want to do it in. People love to buy american clothes so you might wanna put up a small boutiq there.really do your homework with people you can trust.

Answer 2

that is not enough money vfor a good invesment.

Answer 3

That's not much money... just about $5000 U.S.D... you can't even buy a SHACK in the D.R. for $5000.

A couple of years ago, I talked to a guy that had a Tiki Bar for sale for about that kind of money.  I almost bought it and moved the boat over to the D.R. from Antigua, but finally decided to just stay where I am.

There are some businesses for sale in the D.R. so you may just go there and look around and see what you can get.

Personally, I love the D.R.... I lived there for almost a year... On Ave. Independencia in Santo Domingo and loved it.

Answer 4

Sorry friend but what is 54.000 pesos dominicanos, that's to little for a investment. If you talk about 100.000 us dollars there we talking money. I know I live in the country for many years.