Join Our Mailing List

    Main Content

    Faqs

    1. Can foreigners buy property in the Dominican Republic? +
    Yes, foreigners can purchase property in the DR with the same rights and obligations as Dominican citizens.
    2. What is a Promise of Sale(Promesa de venta)? +
    This is a binding agreement for the seller and buyer signed in the presence of a Notary Public. It contains a complete and detailed description of the entire transaction, like price and payment terms, legal description of the property, and due diligence required.
    3. What is a deslinde? +
    Surveyor or GPS survey. The property has been surveyed and mapped to all neighboring lots. With this, the property gets a number which gives the exact location of the property. The deed(title) is blue on properties with deslinde.

    Required by Law No. 108-05 since 2009 on all properties, except condos. Before 2009 land was sold without this specific requirement.

    4. What is the property tax – IPI? +
    Property owned by an individual pays 1% of the government-appraised value of over 9.8 million Dominican pesos. Except for unbuilt lots or farms outside city limits.

    Properties owned by a corporation don’t get the exemption as that individual owners get.

    5. Do I need a lawyer to buy a property? +
    Yes, the lawyer will do due diligence to confirm that the property that you are making an offer on is free of legal claims and that it is possible to have it transferred to your name.

    The lawyer will also prepare the promise of a sale and final sales contract. All legal documents must be in Spanish, the lawyer will provide a legal translation of the contract to English.

    The buyer is free to choose whichever lawyer to do this, and we can recommend a few of the best in the area that we after many years of experience know will protect you as a buyer.

    Please check the links on the right to some of the lawyers we recommend.

    6. How do I transfer the money for my property purchase? +
    We work with lawyer firms with escrow accounts in the US, so you will transfer your money to the indicated account depending on which lawyer you will use. Your money will stay safe in escrow until the closing has taken place.
    Skip to content