|
|
Legal Advice
|
| |
|
|
General purchase information:
Foreigners can easily purchase real estate in the Dominican Republic either
in their own name or in the name of a Dominican company.
Payment for the transaction is generally made by wire transfer or certified
check into a notary account. Once the title is verified by the notary, the
money is transferred to the seller. At this point the title will be
transferred into the buyer's name and the title will be registered with the
Cadastral Office of the Dominican Republic.
Additional purchase costs:
There is a land transfer tax to be paid by the buyer of 3% of the purchase
price. Notary fees are approximately 1% of the purchase price
Although you may chose your own lawyers, our lawyers would be happy to help
you complete your real estate transaction. They are experts in local real
estate transactions and will ensure that your transaction proceeds quickly
and smoothly with the local authorities.
Additional information:
Residency is not required for real estate acquisitions.
Should you care to apply for residency, our lawyers will be happy to help.
They prepare everything necessary and take care of all necessary formalities with
the authorities for a quick and easy application.
If you have any further questions, our lawyers and notaries will be happy to help you!
|
|
|
|
