When purchasing property in Punta Cana, Dominican Republic, it is important to be aware of the taxes and expenses associated with the transfer of ownership. These taxes and expenses are typically around 3.1% of the government-appraised value of the property and include: 3% Transfer Tax (as per Law 288-04)Additional minor expenses such as the cost of a certified check, stamps and other administrative...
Real Estate
If you're thinking of buying real estate in the Dominican Republic, there are several steps involved to ensure a successful and smooth transaction. In this guide, we'll take you through the process in detail. Step 1: Property SelectionThe first step is to explore the area and view available properties, whether it be a new or resale condo or villa. You might meet with other owners and get a sense of...