Invest in Dominican Republic
The Dominican Republic has been one of the most popular destinations in the Cribbean for many years. Due to its exceptional climate throughout the year and the quality of life that one finds there, more and more people invest and stay a few months a year in the Dominican Republic.
Thanks to the international airports of Santo Domingo, La Romana and Punta Cana, the Dominican Republic currently has very good connections with Europe, North America and South America. The Dominican Republic is much closer than you think. Come enjoy its wonderful beaches and beautiful weather.
Property prices in the Dominican Republic, much lower than in North America or Europe, will allow you to enjoy a real opportunity. Both at the seaside and at a Golf Course in Punta Cana or Bayahibe, the villa or apartment of your dreams awaits you.
3 good reasons to invest …
Quality of life
Choosing the Dominican Republic is also improving your quality of life. Enjoy a low cost of living to offer you a nice extra in a warm and sunny climate. Here you can take advantage of all tropical fruits, fresh fish and much more. Besides the cost of labor, taxes, energy… it is very cheap.
Pleasure or profitability? And why not both! When you do not occupy your home, you can make it profitable by renting it. The Dominican Republic is no longer just a destination for all-inclusive hotels, but has also become a destination where people rent. Many agencies are responsible for renting.
Real estate prices still low and the growing interest of both Dominican and foreign clients, announce real estate growth for the coming years, making Dominican goods an excellent investment. In addition, the annual real estate tax is only 1% on the surplus value of RD $ 7,438,197 of the estate.
Where to invest?
Bayahibe – Dominicus (Caribbean Coast)
The Bayahibe – Dominicus area located on the Caribbean coast, near the city of La Romana in the southeast, is just 45 minutes from Punta Cana. The most beautiful beaches in the country are in this region. In addition, the calm and crystalline waters of the Caribbean Sea make it a popular destination for diving enthusiasts. Bayahibe is an old fishing village with colorful houses that is becoming an increasingly popular tourist destination. This is where all the boats leave for the island of Saona. Dominicus Americanus is a quieter and greener resort 5 km from Bayahibe, bordering the Eastern National Park. Here you will find residences surrounded by lush gardens and luxury hotels, all on the edge of the wonderful Dominicus beach.
Punta Cana (Atlantic Coast)
The Punta Cana region, at the east end of the country, enjoys a relatively dry and sunny climate throughout the year. Bordered by the Atlantic Ocean, this region enjoys a sea breeze coming from the sea. The beaches are very beautiful, but the waters are more agitated than on the Craïbe coast. Here golf lovers will be in paradise. Many golf courses have emerged in Punta Cana in recent years, from Cap Cana in the south to Bavaro to the north. Punta Cana also has its own international airport. Punta Cana has a wide range of fun activities such as water parks, adventure parks, discos, numerous bars and restaurants, shopping centers … Punta Cana has everything for you to spend wonderful vacations or just rest in a perfect environment.
What are the expenses in case of purchase?
ComprBuy without Confotur’s law
The purchase expenses in the Dominican Republic are 3% of the value of the property purchased. To this are added the legal costs for the constitution of the purchase contract, either by a lawyer or by the bank when there is mortgage financing. Rates may vary depending on the amount of the loan or the lawyer. However, these rates are not very high and are known before purchase. Count from US $ 100 to US $ 1,000 depending on the value of the property purchased and the loan.
Property under Confotur’s law
When it comes to a real estate purchase under the Confotur Law, there is a tax exemption for the purchase and for a period of 10 to 15 years. 3% of the purchase expenses are not paid. Only legal fees are paid, but many construction companies make their own purchase contract. In this case, only the legal fees for a possible mortgage loan are owed.
Apartment US$ 100,000
- Transfer of title : US$ 3,000
- Annual taxes : US$ 0
Apartment US$ 200,000
- Transfer of title : US$ 6,000
- Annual taxes : 1% of (200,000 – 145,000) = US$ 550
Apartment US$ 100,000
- Transfrencia de título : US$ 0
- Impuestos anuales : US$ 0
Apartment US$ 200,000
- Transfer of title : US$ 0
- Annual taxes for 15 years: US$ 0
- Annual taxes after 15 years: US$ 550