Can foreigners buy property in Dominican Republic?

13 december 2022

Yes, foreigners can buy property in the Dominican Republic. In fact, the Dominican Republic has a relatively open and welcoming policy towards foreign investors, and there are no restrictions on the type of property that foreigners can buy.

However, there are a few legal requirements and steps that foreign buyers must follow in order to purchase property in the Dominican Republic. These include obtaining a tax identification number (RNC) from the country’s tax authority, hiring a local lawyer to handle the legal aspects of the transaction, and obtaining a cédula (ID card) from the local municipality where the property is located.

Additionally, foreign buyers must be aware of the various taxes and fees associated with purchasing property in the Dominican Republic. These can include transfer taxes, stamp duties, and other fees. A local lawyer can help foreign buyers navigate these requirements and ensure that the property purchase process goes smoothly.

Overall, the Dominican Republic is a relatively open and welcoming place for foreign investors who are interested in purchasing property. By following the legal requirements and working with a local lawyer, foreign buyers can easily buy property in the country.

Categorieën: News

Tags: , , ,

Last items

  • A Slice of Paradise: Sun Life Real Estate’s Beacon Hill, Sint Maarten Property for Sale

    Sint Maarten, with its stunning beaches, vibrant culture, and tropical climate, is a dream destination for many. If you’re considering a real estate investment in this paradise, look no further than our exclusive property in Beacon Hill. Located conveniently close to the airport and some of the most beautiful beaches in the Caribbean, this property…

    Read more »

  • Tiles and price and quality difference

    The Secret Behind Tile Quality: Insights from Stephan Jacobs As we stroll through the aisles of a tile store, tiles may seem like mere pieces of ceramic or porcelain with various patterns and colors. To the average consumer, the differences may appear minimal, but for experts like Stephan Jacobs of Sani Projects, the world of…

    Read more »

  • The Importance of Choosing the Right Floor Tile for Property Developers

    For property developers, selecting the right floor tile is often a crucial factor in determining whether a project will be successful or not. It may seem like a detail compared to the many other aspects of property development, but the floor tile can have a significant impact on the marketability and eventual profitability of a…

    Read more »

  • Tiles Dominican Republic

    Welcome to Sani Projects Dominican Republic – The Leading Tile, Bathroom, and Kitchen Wholesaler in the Dominican Republic At Sani Projects, we take immense pride in being your trusted partner for quality tiles and flooring in the Dominican Republic. With a passion for design and an unwavering commitment to customer satisfaction, we offer an extensive…

    Read more »

  • Investing in luxury real estate in the Dominican Republic

    **Why Investing in Luxury Real Estate in the Dominican Republic Offers More Benefits Than in the Middle and Low Segments** The Dominican Republic, with its breathtaking beaches, lush nature, and vibrant culture, has garnered the attention of real estate investors in recent years. While some opt for mid-range and low-end property investments, there are numerous…

    Read more »