Legal Question in Tax Law in Dominican Republic

Re: Bringing in foreign money

If your grandfather is not a US Citizen then he can use his dominican earned money to invest in the United States. There is a double taxation agreement between the Dominican Republic and United States that states that if you have paid income taxes in one country you don't have to pay taxes in the other country for the same money earned and that you have already paid taxes on. Every property that he purchases must be under his name (your grandfather) or his company name. However, your father being a US Citizen, will have a tough time buying property or investing in the US without justifying where he earned his money. He cannot say that his father gave it to him as a donation without paying taxes for the money received (even as a donation). Therefore, your father cannot have the properties that your grandfather purchases under his name without paying taxes. I hope that gives you a clearer picture on what your father and grandfather plan to do. Best Regards!