How Open a Dominican Bank Account ?

Can foreigners open a bank account in Dominican Republic ?

Foreigners are allowed to open a bank account in Dominican Republic. Bank System is open and easily accept foreigners in possess of regular International Identification, like a passport. In some cases could be asked a bank reference letter but bank does not ask more documents. Dominican Republic banks offer very interesting interest when money are secured in deposit accounts, but remember that the  national currency  is  instable and like many others currencies can suffer  devaluation against the  dollar or euro. Bank System itself is very stable, the Dominican Republic is not  an attractive place to borrow money, but it  is a very attractive place to deposit or invest. The bottom line is, banking is profitable, interest rates are the market rate (not contrived zero percent interest as we know is the case elsewhere) and higher borrowing costs deter excessive and untenable debt by the local consumers. 

Contact Us

Panama : MMG tower floor 30 ,Costa del  Este , Ciudad de Panama, Panama Republic, 0816 .

Ecuador : Guayaquil , Puerto Santa Ana, Edif. The Point. Floor 1

Mexico:Ciudad de Mexico, Polanco CDMX .


  • Facebook
  • Twitter
  • Instagram

© 2023 OVS, Offshore  Visa Services, the Legal Offshore Platform for your internazionalization

Erick Stuart
Calle 50 TowerBank
Ciudad de Panama , Panama/Panama , 0816 Panama
Law Office, Offshore Services, Offshore Bank Account, Offshore Company Incorporation,

This hCard created with the hCard creator.