Dominican Republic Real Estate

Living in Dominican Republic: Foreigners are subject to the same regulations and laws as Dominican citizens, when purchasing property. Permanent residency is easy to obtain for foreigners and a minimum period of stay is not required.

Private and retired people are hardly bothered by local tax collecting authorities (IRS). The flat rate for corporate taxes is 25 % and the maximum income tax is 25 %.

Money transfers and other financial matters related to a purchase of Dominican Republic Real Estate can easily be handled by a number of local banks and the local branches of well known international banks, as Citibank or Scotiabank. Banks in Dominican Republic are modernly equipped and rely on a large network of branches and experienced professional staff. In Bavaro, Punta Cana you can use the service of Banco Popular, Scotiabank, Banco Leon, Banco del Progreso, Banreservas and BHD.

Weather in Dominican Republic is just perfect with average temperatures between 30 and 33 degrees Celsius in summer and slightly lower temperatures in winter. People with high blood pressure and other age related health problems come here and recover their good health.

Shopping: Bavaro shows a growing number of small supermarkets, specialized businesses like bakeries, butchers, pharmacies, computer shop, boutiques and others that cover all the needs for everyday live. In the cities of Higuey, La Romana and Santo Domingo you can get almost everything that you could buy anywhere else, from designer clothes, jewely, French Champagne to fancy furniture.

Medical Care is provided through a number of local and also foreign doctors, dentists and a number of private clinics. A new and modern private hospital www.hospiten.es opened in the year 2000 close to the airport of Punta Cana, followed by other small but very good clinics in the last years. In the Capital of Dominican Republic, Santo Domingo, you can find a variety of modern up to highest standard hospitals and also specialized clinics. Health insurance can be obtained through big insurance companies in Dominican Republic and rates are far below from those in Europe and the United States den USA.

Airport Punta Cana: If you need to travel abroad, there are daily flights available from close by Punta Cana Airport to most of the important American and European airports.

For additional information or to make a specific inquiries, please contact us.