Legal

Inheritance of Property in Punta Cana – Dominican Republic

The legal age to create a will in the Dominican Republic is 18 years old. Although you can seek the assistance of an attorney to draft a will, it is not a requirement. In the Dominican Republic, it is a common tradition for families to have a "generation will" that is passed down from generation to generation, usually given to the heirs in the family. This is not a mandatory process, but it is a...

How to transfer a Property in the Dominican Republic

To transfer the title of a real estate property in the Dominican Republic to your name, the following process must be carried out after purchase: Please note: It is highly recommended  to have an experienced real estate lawyer to handle the transfer process.  To start this process, your attorney needs to deposit the following documents at the  General Directorate of...

DR Land Demarcation – The Deslinde Process Explained

What is the Deslinde process? It is the procedure to formalize the property right on a piece of land that is supported by an Annotated Certificate, so that its owner can determine its exact occupation from the rest of the original larger plot, register his individual plan and obtain his Certificate of Title. The English word for Deslinde is Demarcation. The Property Registry Law #108-05, which...

The Confotur Law – Tax Exemption for New Developments in Touristic Areas

The CONFOTUR Law (158-01), or Tourism incentive law of the Dominican Republic, is designed to promote the development of the country's tourism industry by providing tax incentives to developers and buyers of properties in regions with high potential or natural beauty for tourism. As a real estate investor, if you come across a new development that is advertised as being under the CONFOTUR Law, it...

The Due Diligence Process

When conducting due diligence on a Punta Cana property, it is important for the buyer or their attorney to obtain certain documentation from the seller. This includes a copy of the property's Certificate of Title, official survey, identification of the seller and their spouse (if applicable), and proof of current property taxes or tax exemption. Additionally, if the seller is a corporation, corporate...

The Real Estate Transaction explained

The Real Estate Transaction Process in the Dominican Republic: Selecting a property: The process begins by identifying and choosing a property that meets the buyer's preferences and needs. A trusted real estate agent can assist with this process by providing information about different properties and neighborhoods, as well as providing guidance on the local real estate market conditions. Offer...

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