How Long Does the Buying Process Take?
The duration of a real estate transaction in the Dominican Republic depends largely on the specific characteristics of the transaction, including the nature of the property and the level of preparedness of the parties involved. Each transaction is different and must be assessed on a case-by-case basis, as this will determine the scope of due […]
Is Escrow Mandatory in the Dominican Republic?
Escrow is not legally mandatory under Dominican law; however, it is strongly recommended and widely regarded as best practice, particularly in transactions involving foreign buyers. In the case of a resale transaction involving a third party and a property that is already built, the use of some form of escrow is always recommended. Even when […]
Do I Need to Be in the Dominican Republic to Buy Property?
One of the most common misconceptions among foreign buyers is that they must be physically present in the Dominican Republic to purchase real estate. In reality, personal presence is not legally required to complete a property acquisition. Dominican law allows buyers to act through a Special Power of Attorney, granting authority to a local representative—usually […]
What Are the Legal Steps to Buy Property in the Dominican Republic?
Understanding these steps is essential to avoid misunderstandings and unnecessary risk. The process typically begins with an offer or letter of intent, which outlines the commercial terms of the transaction. While not always legally binding, it sets expectations and serves as the basis for drafting the Promise of Sale. The Promise of Sale (Promesa de […]
Can Someone Else Claim My Property in the Future?
A common concern among foreign buyers is whether someone else could later claim ownership of their property. When a property is properly titled, transferred through a registered deed of sale, and recorded in the Title Registry, the risk of future claims is extremely low. The Dominican legal system prioritizes registered rights. Ownership that appears in […]
What Exactly Does “Due Diligence” Include Under Dominican Law?
Due diligence is the most critical phase of any real estate transaction in the Dominican Republic. It is the legal process through which the buyer confirms that the property can be legally transferred, that the seller has the right to sell, and that no hidden risks exist that could affect ownership or value. Unlike some […]
Is My Ownership Protected? How Reliable Is the Dominican Title Registry?
Property ownership in the Dominican Republic is protected through a Torrens-style title registration system, which means that ownership is determined exclusively by what is recorded in the Title Registry (Registro de Títulos). When a buyer is properly registered as owner, the State guarantees that right against third-party claims. A valid Title Certificate is the cornerstone […]
Can Foreigners Legally Own Property in the Dominican Republic? What Punta Cana Lawyers Want You to Know.
One of the first questions foreign buyers ask when considering real estate in the Dominican Republic is whether they are legally allowed to own property. The short answer is yes — foreigners may freely own property in the Dominican Republic, with the same rights and protections granted to Dominican citizens. Dominican law does not impose […]
Clarification on Territorial Taxation and Fiscal Residency Rules for Foreign Residents in the Dominican Republic
1. Overview The Dominican Republic operates under a territorial tax system, meaning that individuals are generally taxed only on income obtained from Dominican sources. This principle distinguishes the country from jurisdictions that apply a worldwide income approach. The Dominican Tax Authority (DGII) recently reaffirmed that the local tax regime does not follow the principle of […]
Benefits of Purchasing a Property under the CONFOTUR Regime through an SRL
Below we detail our legal opinion on the advantages of acquiring a property under the generous incentives offered by Law 158-01 on Tourism Development Promotion (CONFOTUR) through a Limited Liability Company (SRL) in the Dominican Republic. This approach not only maximizes fiscal and commercial benefits but also provides robust legal protection and remarkable flexibility in […]
