The Dominican Republic welcomes millions of tourists every year and is the leading investment destination in the Caribbean, a country open to all cultures. investment destination in the Caribbean, a country open to all cultures. There are no restrictions for foreign investors to own foreign investors to own real estate. In fact, the ecosystem of laws and regulations offer a number of strategic advantages, which surpass other countries in Latin America. Latin America. Therefore, both foreign individuals and legal entities can buy, sell and own real estate. buy, sell and own real estate.

As a buyer, you must pay the Transfer Tax, which is 3% of the value registered in the general tax office of Rep. value registered at the general tax office of Rep. Dom. or of the purchase price indicated in the Sales sale price indicated in the Sales Contract.

Law 158-01 and its amendments establish certain benefits and tax incentives for real estate projects, businesses and commercial activities in tourist areas of the country. real estate projects, businesses and commercial activities in the tourist areas of the country, for a period of 15 years. All real estate projects that benefit from the exemptions granted by this law will will benefit the first purchasers through the exemption of the 3% Transfer Tax, for a period of 15 years. Transfer Tax of 3%, for the registration and transfer of the certificate of title in their name, as well as 1% of the Transfer Tax, for the and 1% of the Real Estate Patrimony Tax (IPI).

At the moment of the purchase of a property in the Dominican Republic, the following must be paid, property wealth tax (IPI), which corresponds to 1% of the value exceeding value higher than: RD $9,520,861 (Approximately US $175,000.00). If the sum of the value of all your real estate properties is less than the established amount, you are exempt from paying IPI. If the sum of the value of all your real estate properties is lower than the established amount, you are exempt from paying this tax, if it is higher, you will pay the difference; THIS APPLIES TO NATURAL PERSONS, IT DOES NOT APPLY TO COMPANIES OR LEGAL ENTITIES. COMPANIES OR LEGAL ENTITIES.

The Dominican Republic is one of the Latin American countries with one of the lowest capital gains tax rates in the world. rates of tax payable on capital gains. Foreign Individuals pay 27%, however pay 27%, however, with proper tax advice, this percentage could be reduced to at least 8%. be reduced to at least 8%.

The Certificate of Title is the document that guarantees the right of ownership that you have over a property. a real estate property. This title is issued by the Registry of Titles and it is the official document of the Dominican Dominican State that grants the demonstrative force on the ownership of your property.

The buyer incurs all the corresponding expenses for the acquisition of your title deed (tax payments, legalizations, etc.). property (tax payments, legalizations, etc). In case you opt for mortgage financing for the acquisition of your property, you will also have to pay the fees and expenses will also have to pay the fees and expenses indicated by the bank.

• Present two identity documents (valid passport as main document).
• Complete the "know your customer" form.
• Provide the documentation that proves the authenticity of the funds with which the property will be purchased (work letter, if you are a businessman, proof of the existence and operation of a business and/or company).
• Bank statements for the last three (3) months.
• Annual tax return, if possible for the last two (2) years.

Rep.Dom., grants special incentives to foreign individuals and national individuals residing abroad who make contributions to a company operating in the Dominican Republic. Directed to foreign investors, with the intention of making economic investments.

Investor Visa: Directed to foreigners with the intention of making economic investments for a minimum amount of investments, for a minimum amount of: US$200,000.00.

Retired or Annuitant Visa: Persons who can justify a fixed monthly income according to monthly income according to the case of: USD$1,500.00 for pension and USD$2,000.00 for income, in addition, they have the right to work in remunerated in remunerated activities, recording on this income in the country. Both In both cases, they receive a residency as a foreign investor and obtain the following benefits:

• Exemption from import duties for motor vehicles
• 50% exemption of the IPI value when applicable.
• 50% exemption from Capital Gains Tax, provided that the annuitant is the majority shareholder of the company. the majority shareholder of the company.

As a foreigner you will have free access to Dominican commercial banking. With no special requirements other than those requested by the bank, and as long as it complies with the provisions of the established in the Law against Money Laundering and Financing of Terrorism of the country. "Law No. 155-17"

• Opening of savings and checking accounts (personal and commercial)
• Credit pre-qualification
• Real estate loans
• Different credit and investment portfolio products

• Personal and commercial checking and savings accounts
• Currencies: US dollars, Dominican pesos and Euros.

• Evidence of reserve budget and payment capacity, which can be up to 40% of your net income. of your net income.
• Present the last two (2) years of taxes paid.
• Present six (6) months of antiquity of bank accounts.
• Demonstration of at least one year of work seniority, whether salaried, independent or entrepreneur (labor certification employer (labor certification and/or financial statements, annual tax report).
• Identity documents (valid passport and identity card).
• Financing up to 50% of the value of the property.
• Average annual interest rates of: 7.85% (Subject to change, according to the economic and financial environment and the bank). financial environment and the banking entity).