Dominican Republic Real Estate

Yes. Foreign buyers have nearly the same rights as citizens under Law 16-95 — no local partner or residency required. You'll need a passport and a Dominican tax ID (RNC), which your attorney can obtain.

Typically 4–9% of the price (commonly 5.5–7.5%), led by the 3% transfer tax on the appraised value, plus legal fees (~1–1.5%) and notary and registry costs.

A tourism-incentive law that can exempt the 3% transfer tax and the annual property tax (IPI) for up to 15 years on qualifying developments. The benefit goes to the first buyer of a certified unit.

Yes. Buying remotely is common: you grant power of attorney to an independent Dominican lawyer who runs due diligence, signs on your behalf and registers the title. We still recommend visiting before you buy.

IPI is 1% per year on value above an inflation-adjusted exemption threshold (around US$160,000). Units with CONFOTUR status are exempt from IPI for 15 years.

Yes — some banks lend to non-residents, usually at 60–70% loan-to-value and higher rates than in the U.S. or Europe. Many buyers pay cash or use developer financing on new construction.

Usually 30–60 days: reservation, title search and due diligence, a promise-of-sale contract, the notarized deed (acto de venta), and recording at the Title Registry, which issues a new Certificado de Título in your name.

Yes. Many owners rent short- or long-term through property managers. Dominican-source income is taxable; a local accountant can advise on ITBIS and income tax.

No. Ownership requires neither residency nor citizenship. Buying can actually support an investor-residency application, but it isn't a requirement to hold title.