The review of promise of sale contracts for pre-construction real estate property in Punta Cana requires years of experience and the edge to find out the check items needing clarification, update or negotiation by the purchaser with the owner and developer. Buyers often ask for a second opinion or the review of their promise of […]
Dominican real estate due diligence is the first step for verifying that the title to a prospective real estate property is clear and marketable. The purchase of Dominican Republic real estate property is governed by Real Estate Property Law 108-05 of 2005 and its regulations as well as the Dominican Civil Code and other special […]
Purchasing pre construction real estate property in the Dominican Republic may be one of the most challenging processes, at times complex, while full of both opportunities and potential risks for buyers. Real estate developers, promoters and sales agents will provide plenty of marketing plethora and promotional materials into what might be the investment of a […]
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 […]
Dominican Tourism Sector Tax Exemptions Law 195-13, amending DR Tourism Promotion Law 158-01 dated October 9th of 2001, was enacted on December 13th of 2013 (hereinafter “Law 195-13 of Tax Incentives for the Tourism Sector”). The purpose of Law 195-13 of Tax Exemptions for the Tourism Sector consists in adjusting the existing tax incentives in […]
Buying Dominican Real Estate requires a qualified and experienced adviser to identify seller and property red flags and overcome legal process hurdles successfully. Persons wishing to buy, sell, convey or transfer Dominican real estate property should note that Dominican real estate operations are governed by Dominican Real Estate Property Registration Law No. 108-05 of 2005 […]
Dominican Tourism Tax Incentives Law 158-01 of October 1st, 2001, as amended, provides that all individuals and enterprises that venture, promote or invest capitals in designated tourism zones, for tourism activities such as hotels, resorts, cruises, conventions, congresses, festivals, shows and concerts facilities, infrastructure for basic services, entertainment, bio and theme parks, port and maritime […]
Dominican Real Estate Register and Cadastral Measurements Office established technical provisions on March 31st, 2021, on the requirements for applications and the receipt and delivery of Dominican real estate services requests before Dominican Title Registrars, Regional Measurements Offices and Dominican Real Estate Register offices. Such provisions seek the unification and standardization of technical requirements for […]
Dominican real estate property inheritance is subject to the application of Dominican Law. Under Dominican Law, there are two very important aspects of Dominican property inheritance which have an impact on Dominican property inheritance of real estate assets of a deceased individual: the time and domicile of the deceased. The time of opening of a […]
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