Questions about real estate in the Dominican Republic?
Find the answers here!
The CONFOTUR Law in the Dominican Republic, also known as Law 158-01, is designed to promote tourism development in the country by providing incentives to investors in the tourism sector. Here’s how it works: Benefits Tax Incentives: Investors who qualify under CONFOTUR can receive exemptions from various taxes, including income
Yes, foreigners can typically obtain loans to buy property in the Dominican Republic. However, the process and requirements may vary depending on the lender and the borrower’s circumstances. Here are some key points to consider: 1. Residency Status: Some lenders may require foreign borrowers to have legal residency status in
If you’re considering getting into the short-term rental market in the Dominican Republic or elsewhere, here are some detailed pieces of advice to help you succeed: 1. Research the Market: Before investing in a property for short-term rental, thoroughly research the market in your desired location. Understand the demand for
Nightlife in the Dominican Republic is vibrant and diverse, especially in tourist destinations and urban areas. It offers a mix of options ranging from clubs and bars to restaurants, live shows and casinos. Discover here some key aspects of Dominican nightlife: Discos and nightclubs Major cities, such as Santo Domingo,
The Dominican Republic is a vibrant and diverse country with a growing economy, though it faces challenges related to income inequality and poverty. Its rich cultural heritage, beautiful landscapes, and warm climate continue to attract tourists and investors from around the world. Here’s some general information about the Dominican Republic:
No, you do not need to have residency in the Dominican Republic to buy property there. Foreigners are allowed to purchase real estate in the country without having residency status. However, having residency or citizenship may offer certain benefits, such as easier access to financing, tax advantages, and longer stays
To get a loan to buy a house in the Dominican Republic, you’ll typically need to follow these general steps: 1. Research Lenders: Start by researching banks, credit unions, and other financial institutions in the Dominican Republic that offer mortgage loans. You can check their websites or visit their branches
Family reunification residency in the Dominican Republic allows family members of Dominican citizens or legal residents to join them and reside in the country. Here’s a detailed explanation of the requirements and procedures for obtaining family reunification residency: 1. Eligible Family Members: 2. Proof of Relationship: 3. Sponsor’s Documentation: 4.
When buying a house in the Dominican Republic, it’s important to plan for several upfront fees during the purchasing process, as well as ongoing costs that apply annually. Here is a breakdown of the key fees and costs you should be aware of: 1. Initial Costs (One-time Fees) When Buying
When considering buying property in the Dominican Republic in your own name versus through a company, each approach has distinct advantages and disadvantages depending on factors like taxes, liability, and future business plans. Here’s a comparison: Buying in Your Own Name Advantages: Disadvantages: Buying Through a Company Advantages: Disadvantages: Which
The best way to communicate with other countries from the Dominican Republic depends on the length of your stay, the frequency of international communication, and your data needs. Here are the main options: 1. Local SIM Card 2. eSIM 3. Wi-Fi and VoIP Services (e.g., WhatsApp, Skype, Zoom) 4. International
Nightlife in the Dominican Republic is vibrant and diverse, especially in tourist destinations and urban areas. It offers a mix of options ranging from clubs and bars to restaurants, live shows and casinos. Discover here some key aspects of Dominican nightlife: Discos and nightclubs Major cities, such as Santo Domingo,
The Dominican Republic is a vibrant and diverse country with a growing economy, though it faces challenges related to income inequality and poverty. Its rich cultural heritage, beautiful landscapes, and warm climate continue to attract tourists and investors from around the world. Here’s some general information about the Dominican Republic:
