Buying property in the Dominican Republic is not only possible for foreigners—it’s surprisingly straightforward. The country’s real estate laws are welcoming to international buyers and provide a solid legal framework for ownership and investment. Here’s what you need to know before making a purchase.
Can Foreigners Own Property in the Dominican Republic?
Yes. Foreigners enjoy the same property rights as Dominican citizens. There are no restrictions on foreign ownership of land, homes, or condos, whether for personal use or investment.
You don’t need to be a resident or hold a visa to buy property. Ownership is protected under the Constitution and civil law.
Property Titles: Ensure Proper Documentation
When buying property, it’s crucial that the land or unit has a clean, registered title known as a Certificate of Title (Certificado de Título). This proves legal ownership and must be verified by your attorney before any funds change hands.
A title search will reveal:
- The current legal owner
- Property boundaries
- Existing liens or mortgages
- Easements or encumbrances
Avoid purchasing unregistered land or property under “right of possession” unless you understand the legal risks involved.
Role of a Notary and Attorney
In the Dominican Republic, real estate transactions must be formalized before a notary public, who also acts as a legal representative. However, it is essential to hire your own independent real estate attorney to:
- Perform due diligence
- Draft or review contracts
- Oversee the transfer of ownership
Attorneys typically charge 1% to 1.5% of the property’s purchase price.
Legal Steps in a Property Purchase
- Offer & Acceptance (in writing)
- Promise of Sale (Contrato de Venta) – includes price, terms, and conditions
- Due Diligence & Title Verification
- Final Sale Contract (Contrato de Venta Definitivo) – signed before a notary
- Title Registration in the name of the buyer at the Title Registry Office
Taxes & Fees to Expect
- Transfer Tax: 3% of the government-assessed property value
- Legal Fees: ~1% to 1.5%
- Notary Fees: Often included in legal fees
- Property Taxes: Annual 1% on properties valued above RD$9.5 million (~US$170,000)
Inheritance & Co-Ownership
You can purchase property in your name, jointly with a spouse, or under a company or trust. Dominican inheritance law applies to real estate, but a good lawyer can help you plan ownership for future succession.
Have questions about buying property in the DR? Contact us to speak with a trusted local expert.
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