Benefits of investment in the Dominican Republic. Dominican Republic Real Estate is regulated by the  set of rules of the Civil Code and Law No. 108-05 on real estate registration. This law is based on the famous Australian  Torrance System and requires all landlords to pass through special legal procedures in order to obtain legal status,…

Deslinde process – Disengagement – New  property law  (108-05), which came into force on 4 April 2007, radically changed the laws of the Dominican Republic related to real estate. One of the key elements of modernization was the requirement of “deslinde” (disengagement) for all real estate transactions – purchase, sale, mortgage, condo, etc. forming. Deslinde is…

Visa for citizens of USA and Europe  – So you decided to go to the Dominican Republic to relax,  alone or with the  tour operator  and this is the right choice, because  citizens of this countries  do not need visas to travel to the Dominican Republic. On arrival at the airport, you will get a…

Stamp “Apostille” – stamped on the documents that are to be used in countries that have acceded to the Hague Convention of 5 October 1961. Documents stamped “Apostille” recognized by all the authorities of the Hague Convention and can officially be used in these countries. In most cases, the stamp “Apostille” is affixed to the…

State – Dominican Republic National language – Spanish National currency – the Dominican peso, $ 1 = 45-46 peso Territory – 48, 511.44 square kilometers Population – 8,324,945 million The capital – Santo Domingo – 2,138,262 people Main cities: Santiago – 373.000 inhabitants La Vega – 189.000 inhabitants San Francisco de Macoris – 162, 000…

Information about Punta Cana, one of the “hottest spots” for the investment. The Caribbean Punta Cana (in the north-eastern part of the Dominican Republic) is under intensive growth in the last 10 years and this is just the beginning!  Julio Iglesias, Mikhail Baryshnikov, Oscar De La Renta and many other celebrities have homes here. Miles of…

Punta Cana International Airport is owned by a private owner – Grupo Punta Cana. Airport is built on an area of 2 million m2. The construction  has started  in 1984 with a small airstrip and a small airport building. In the first year the airport received 2,976 passengers. Currently the airport has to offer taxi…

Standard Terms & Conditions Minimum age – 18 – 25 – 30 years depending on the vehicle model. Driving: operating already for at least a year for the category “city cars” and a minimum of 2 years for the other categories. Rally – Rates include 250 km run on the day. The cost of additional miles…

The new law on property registration  – With the entry into force of the new Law 108-05 on registration of real estate, the Dominican Republic was finally able to remove the existing gaps in the regulation of processes related to the  real estate. One of the benefits of the new legislation is to help in registration…

Property tax, luxury property, urban open spaces (IPI) – IPI taxable property, owned by individuals, a tax of 1% per year, according to the estimate of the Main Cadastral Office (Article 1 and 3 of the Law 18-88). With estimates do not take into account, no furniture, no equipment, no other located inside the property (Article…