The Dominican Republic has become one of the most attractive destinations for international investors. Its climate, connectivity, stability and appreciation potential have awakened the interest of thousands of buyers around the world. But how easy is it to invest in a property if you are not a resident? The answer will surprise you.
Can I buy as a foreigner?
Yes, in the Dominican Republic there are no restrictions for foreigners to acquire real estate. You can buy in your name as an individual or legal entity, without the need to have legal residence.
Necessary documents
The process is simple and transparent. You will only need:
- Valid passport
- Basic personal and contact information
- Proof of funds or bank letter (in some cases)
- Power of Attorney (if you will not be present in the country for the signature)
Step-by-step purchase process
- Property selection: with professional advice to identify location, developer and valuation projection.
- Offer and reservation: an agreement of intent to purchase is signed and a deposit is made (generally between 5% and 10%).
- Sales contract: drafted by a lawyer, it establishes terms and conditions.
- Legal due diligence: review of the title, property history and tax situation.
- Definitive signature: it can be done in person or with consular power of attorney from your country.
- Property registration: the title is transferred to your name in the Real Estate Jurisdiction.
Transfer of funds
Most transactions are made in U.S. dollars or the equivalent in Dominican pesos. You can transfer from abroad through local banks, complying with international standards of transparency (KYC).
Taxes and costs
- ITBI (Real Estate Transfer Tax): 3% of the value of the property, paid only once at the time of registering the property.
- Legal expenses: between 1% and 1.5% of the value of the property, depending on the lawyer.
- Maintenance and services: if you purchase in a closed project, there will be monthly or annual maintenance fees.
Benefits for investors
- Access to properties in high-demand tourist destinations
- Possibility of vacation rental to obtain return
- Tax incentives for projects under special laws (Confotur Law)
- Steady capital gains in areas such as Punta Cana, Cap Cana and Las Terrenas
Personalized accompaniment
At Garrigó Real Estate we understand that investing from abroad requires confidence. That is why we accompany you throughout the entire process: from the selection of the ideal project to the signing and delivery of the title deed, ensuring that each step is clear, safe and smooth.
