Cap Cana Homes for Sale - Villa Palmas 107
as Your Sound Investment Decision

Yes, foreigners can buy property. Most property owners in hotspots like Punta Cana, Cocotal, Cap Cana, Uvero Alto, and Macao are non-resident persons. All you need is valid ID and to be in the Dominican Republic to either sign the paperwork or authorize a Power of Attorney.

Yes. Your purchasing options are tailored to you—whether you’re buying as an individual or a corporate entity depends on your specific financial objectives and plans for the property.

Expect a one-time 2% transfer tax calculated on the property’s value, coupled with an annual property tax scaled to the property’s value. For assets exceeding $145,000 in value, a 1% yearly tax applies to the sum above this threshold.

Title transfer typically wraps up within a 60- to 90-day window, depending on the Land Registration Department’s schedule.

The process involves:

• Initiating an offer.
• Executing due diligence.
• Formalizing conditional contracts.
• Culminating in the final payment and contract execution.

Absolutely, it’s crucial to undisputed ownership and is indispensable when you decide to sell.

While not obligatory, enlisting legal expertise comes highly recommended for a seamless acquisition process.

For pre-construction purchases, anticipate a multi-step procedure that includes diverse contracts and thorough vetting of the seller. Initially, you’ll ink a promise-to-purchase agreement, followed by the definitive purchase contract.

COMFOTUR law provides tax incentives for expanding tourism in certain provinces.

To sell your property, make sure you have a clear title with no legal issues and that you’ve paid all outstanding property taxes. The tax on any profit you make from the sale will vary depending on your specific situation.

Yes, if you’re from another country, you can definitely open a bank account and even get a mortgage in the Dominican Republic. Just keep in mind that some specific requirements apply.

Typically, the attorney who reviews your contract is the same one who will handle transferring the title to your name. This holds true even for pre-construction properties.

Expect to pay lawyer fees ranging from 1% to 1.5% of the property’s total value. In this specific context, you’ll likely spend about half of that amount (or slightly more, based on your unique situation) for contract review and due diligence related to both the seller and the property.

If you have additional questions or need further clarification, don’t hesitate to reach out to us.

When compared to real estate prices in the United States, Canada, or Western Europe, the Dominican Republic often appears more affordable.

In prime locations like Punta Cana and Bavaro, you can secure new construction condos with 1, 2, or 3 bedrooms, all for under $250,000

Absolutely, purchasing property in Punta Cana isn’t just for residents; it’s a hotspot for international buyers too. All you need is valid id and to either be present for the paperwork or appoint a Power of Attorney. With properties in Punta Cana often held by foreigners, you’ll be in good company when you stake your claim in this tropical paradise.

Buying property in the Dominican Republic is generally considered safe, especially if you take the proper legal steps and work with reputable professionals. The country has a stable political climate and a growing economy, which makes it attractive for investment.

Yes, real estate in Punta Cana is generally considered a good investment. The area is a popular tourist destination, which means high demand for rentals. Property values have also been rising.