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 […]
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 […]
Dominican Real Estate Law Developments, include a Draft Bill amending Tourism Development Promotion Law 158-01 (“Confotur Law”). On July 22th of 2013, the Chamber of Deputies of the Dominican Republic approved the Draft Bill amending Confotur Law No. 158-01 of Incentives for Tourism Development of the Dominican Republic to include non- exempt urban and oceanfront […]
Dominican Real Estate Property Survey is mandated and regulated under Resolution 1419-2013 of May 16, 2013, of Diverse Procedures before the Title Registrars and the Cadastral Measurement Offices (“Resolution No.1419-2013”). Within the Diverse Procedures proposed in such Resolution No.1419-2013, is the survey (or deslinde) of real estate properties supported by Annotated Records (i.e. Constancias Anotadas), and […]
Dr. Felipe Isa Castillo, Partner of Arthur & Castillo (ACLAW), has been featured in the American Bar Association’s Section of International Law publication “The Year in Review” 2013 for Cross Border Dominican Republic Real Estate Practice. The publication consists of an annual survey of international legal developments in different areas of international and national law […]
Tax Collection Efficiency Law 253-12 dated November 9th of 2012, eliminates the broad tax incentives which were previously available to individuals or legal entities that made one or several direct investments with the originally qualified promoters or developers of the tourism activities established in Law 158-01, dated October 9th of 2001, of Incentives for Tourism […]
Dominican Tourism Sector Land Use and Organization Plan Resolutions issued by Ministry of Tourism of the Dominican Republic on March 26th of 2012, modify the Urban and Construction parameters for the northern part of the Samaná Peninsula, the Punta Cana, Bávaro- Macao Area, respectively. The purpose of these resolutions is to regulate the urban categorization, […]
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