BEACHFRONT CONDO IN PLAYA ENCUENTRO WITH TAX EXEMPTIONS

Cabarete · Puerto Plata · Dominican Republic

Contemporary condos with real tropical life in mind. The wave is Playa Encuentro’s new and ultra-modern oceanfront development. Located right on the best and most consistent surfing beach on the island, this is a beautiful complex with long winding curves that alludes to the waves and movement of world famous Playa Encuentro. Tax Exemptions (CONFOTUR) Title Transfer Tax Exemption: Save 3% on the property’s assessed value. Annual Real Estate Tax Exemption (IPI): Exempt from 1% tax on property value for up to 15 years. Rental Income: Potential 20% savings on taxable income. Foreign Investor Benefits: Investors acquiring a property with Confotur, regardless of its size, can apply for an Investor Visa for residency. This residency was previously available only after a minimum US$ 200,000 investment as a foreigner.