A comprehensive guide for international investors
Schedule a ConsultationIt is highly recommended to seek legal advice from a qualified real estate attorney before making any property purchase.
A lawyer can help you navigate the legal complexities and ensure a smooth transaction.
Foreign buyers have the same property rights as locals
Steady appreciation and rental opportunities
Clear title registration process
Foreign investors enjoy the same property rights as Dominican citizens
Property ownership can lead to residency opportunities
Property tax exemptions for qualifying properties
Strong rental market, especially in tourist areas
Before buying a property, it is recommended that a lawyer investigates the legal status of the property. The buyer's legal representation ensures all documents are in order and the property has clear title.
Official title certificate from the Land Registry
Official survey plan showing boundaries and dimensions
Identity card or passport of the seller
Certificate showing property tax status (IPI)
Corporate documents if the seller is a company
Rules and regulations if the property is part of a condominium
Century 21 Perdomo works with experienced real estate attorneys. For our transactions, we highly recommend Lic. Guido Perdomo. With decades of experience in Dominican real estate law, his firm provides the legal security and expertise international investors rely on.
To transfer ownership of a property, the following steps are required:
The Sales Contract must be signed before a notary. If the seller is married, the spouse must also sign.
Obtain a property valuation.
Pay the 3% transfer tax of the property value.
Deposit the transfer contract, seller's Title Certificate, DGII documentation, and identification at the Land Registry Office.
The Land Registry Office issues a new title certificate in the buyer's name.
Understanding the costs involved in purchasing property:
1% of the sale value (minimum US$1,000)
3% of the property value
Approximately US$250
For a precise calculation of all costs associated with your specific property purchase, consult with our real estate lawyer. The actual costs may vary based on property value, location, and other factors.
The real estate transfer tax is 3% of the value, plus US$250 for miscellaneous expenses.
Property value: $200,000
Transfer tax (3%): $6,000
Miscellaneous expenses: $250
Total transfer costs: $6,250
There are no restrictions for foreigners to inherit properties in the Dominican Republic.
3% for heirs residing in the Dominican Republic
Property value: $300,000
Inheritance tax (3%): $9,000
4.5% for beneficiaries residing outside the Dominican Republic
Property value: $300,000
Inheritance tax (4.5%): $13,500
Important Note: Inheritance tax is calculated based on the value of the property as assessed by the Dominican Republic tax authority (DGII) and not necessarily the market value.
If you want to establish a Dominican company to manage a business or acquire properties, there are two main types:
Minimum capital: RD$100,000.00
Minimum number of partners: 2, maximum: 50
Only one Manager is required, who must be a natural person
The liability of each partner is limited to their contribution
No minimum capital
No partners, only one natural person, who is the owner
The company is managed by its owner
Century 21 Perdomo works with experienced legal experts who can guide you through the process of forming a Dominican company for your real estate investments.
Yes, foreigners can own beachfront property with the same rights as local citizens.
Have more questions? Contact our real estate attorneys for personalized assistance.
Get expert guidance on your property purchase in the Dominican Republic
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