johntaylorspain South Dakota is a great place to set up residency for many reasons. South dakota residency has no state income tax, no pension or inheritance taxes, and the process to obtain a driver’s license is straightforward and inexpensive. Additionally, it has some of the lowest car insurance rates in the country. This makes it a popular choice for full-time RVers to claim residency and save money each year.
How do I establish residency in South Dakota?
One of the most important aspects of establishing residency in South Dakota is having a valid mailing address. This can be done by renting a PO box, asking a friend that lives there to forward you mail, or by using an online virtual mailing service. Companies like America’s Mailbox, Escapees, and Siouz Falls Postal Annex are popular options for this purpose. It’s important to do this ahead of time so you can receive important documents that may be needed to fulfill the residency requirements.
In addition, it’s important to have a bank account in South Dakota as part of the residency requirement. This will help further prove your intent to live there and it can also be used as proof that you’ve established residency. It’s also a good idea to cancel all other addresses (including your old home) and only use the South Dakota address for all things tied to your residency, such as voter registration and insurance.
Finally, it’s important to note that you must spend at least 24 hours in South Dakota each year to maintain residency. This is a drawback for some full-time RVers because it can be expensive to travel back and forth.