The Dominican Republic is wide open to foreign investment, and as a result, many foreigners are beginning to invest/buy real estate in the country. There are a number of real estate opportunities available, whether you're looking to purchase a personal vacation property, an investment property, a commercial property, or wish to develop a property for personal or commercial purposes. Property in the Dominican Republic is very moderately priced when compared to similar type properties in North America, Europe, or other Caribbean Islands, but price/value is not the only thing to be considered when making your purchase.

What is the situation in the Dominican Republic , if I want to buy property?

Security, stability and profitability are the key criteria that should be considered with each investment decision.

In the Dominican Republic, foreigners can easily purchase property. Owners may choose to title the property in their personal name or in their Dominican company name. Usually the funds for property purchase are deposited by the buyer via electronic bank transfer or check to the trust account of the notary. The funds are then transferred to the seller from the trust account of the notary after the title is cleared.

Upon completion of the money transactions, the title is transferred to the name of the buyer or the company and registered with the registrar of titles in the Dominican Republic.

In the event of the owner’s death, property owned in the Dominican Republic will automatically become the property of the owner’s named beneficiaries. There is a one time transfer tax of 3% of the purchase price of the property. The attorney fees are an additional 1% of the purchase price. Residency is not required to buy property in the Dominican Republic , however, our attorney will be happy to assist you in obtaining residency if desired. Requiring about 4 months to complete, the residency process is not difficult and is very affordable.