Purchasing Dominican Government Real Estate

December 15, 2017 By Real Estate Property

On September 27, 2016, the Dominican Republic (DR) Executive Branch issued Decree No. 268-16 creating the Evaluation Commission of Real State Lands Registered as Owned by the Sugar Mills belonging to the Dominican State Sugar Council or Consejo Estatal del Azucar (CEA). The Decree recognizes the DR’s economic transformation, where Government lands originally dedicated to […]

Read More

Buying Dominican Property: Avoiding Pitfalls

September 1, 2017 By Real Estate Property

Buying Dominican property can sometimes turn up situations where avoiding conflicts of interests will help you avoid purchase pitfalls. Many foreigners who come to the Dominican Republic, for either business or pleasure, discover the many different environments found within a short drive: major internationally-linked cities, scenic tropical country sides, serene mountain ranges, and pristine white […]

Read More

Dominican Real Estate Purchase Closing

December 12, 2016 By Real Estate Property

On the day of Dominican Real Estate Purchase Closing the seller may be asked to furnish the buyer in addition to the original certificate of title (owner’s duplicate) a series of legal documents which are most commonly gathered, requested and obtained by the seller’s attorney. Among these documents is the certification issued by the title […]

Read More

DR Taxation of Property Transactions

May 5, 2015 By Real Estate Property

Dominican Republic real estate property purchase or sale should be made through a written contract in which the parties reflect their agreement about the identity of the property being sold, the sales price and the terms and conditions of the sale. It is recommended that the seller and the buyer obtain advisory from an attorney in […]

Read More

Dominican Real Estate Property Sale Release Tax Norm 08-2014

December 31, 2014 By Real Estate Property

Dominican Real Estate Property Sale Tax Ruling 08-2014 of December 22, 2014, provides for the Release of Real Estate Property from the seller’s information registered at the Dominican Tax Administration’s registration system. Individuals and legal entities that sale a real estate property before or after the publication of said Tax Ruling must file a release […]

Read More