You don’t have to give up your Canadian or American residency, but if you do, you may want to purchase Canadian critical illness insurance as a back up plan while you’re away.
You’ll want to purchase local Dominican insurance for your house and the health of your family members. These premiums are surprisingly reasonable.
You may want to maintain some Canadian or American insurance through a company, if you are a business owner.
Insurance policies can be considered a tie to Canada, which can be used by the government to establish residency. You'll want to be careful with your strategy.
You will want to engage a Dominican insurance broker to explain all your available options. You may want to engage a Canadian insurance broker as well.
We can provide you with professional and reputable referrals.
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