A Guide to Buying Property in The Dominican republic
The Dominican Republic is a popular holiday resort and consequently has become popular for overseas property purchase. Most of the opportunities for property purchase lie in the development of resorts and apartments.
The Dominican Republic Property Buying Process
Purchasing property in the Dominican Republic is a relatively easy process, the first step being the execution of a contract for sale between buyer and seller.
Once this is signed and notarized, the documentation is forwarded to the Internal Revenue Office where a decision is made as to what taxes will be due. The taxes need to be paid in advance of final completion. Once the taxes have been paid and the finances sorted and the contract conditions met, the certificate of title is lodged with the Title Registrars Office.
USEFUL LINKS
Dominican Republic Map
Dominican Repub Tourism
Property in Dominican Republic
Dominican Republic - Mortgages
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