Can foreigners buy property in Punta Cana?

When we go to buy properties in Punta CanaOne of the questions you may have as an investor is whether foreigners are allowed to buy.

It is also one of the pearls of the real estate market in the Caribbean and a city of reference for the investments in the Dominican Republic, it is crucial to be clear on this point before looking for investment opportunities.

As you may already know, there are countries that are very attractive for the real estate investorsThe country's economic and financial situation is also very difficult, but sometimes they may have restrictions that make it difficult to purchase real estate or land, as is the case in Indonesia, the Philippines or Thailand.

This is not the case in the Dominican Republic.

Unlike many of these countries that have restrictive regulations towards non-nationalized investors, Dominican Republic has a very open legislation when it comes to real estate investments.

Is it possible to buy property in Punta Cana if I am a foreigner?

Yes, you will not have any problem when it comes to buy properties in Punta Cana if you do not have a passport of the country.

For to buy an apartment, villa or any other type of propertyForeigners will simply have to register the title of the property in the corresponding registry office, with the purchase documented and legalized.

In order to comply with this point, you must request your incorporation in the system of General Directorate of Internal Taxes (DGII)You will be assigned a number in the National Taxpayer Registry, which will allow you to transfer the certificate of title to the property.

It is not a requirement that you are national of the Dominican Republic.

Where they can make some requirements is in the dominican banks when applying for financing. However, this is not usually a problem for most foreign real estate investors who decide to apply for financing. investing in Punta Cana real estate o Dominican Republic.

Generally, if you are ordering financing in Dominican RepublicIf you do not have a loan, the banks may require a payment term of less than 15 years.

However, any requirement cannot compare to the many benefits of investing in Punta Cana. Not only will you be able to save on taxes, but buying a property can also help you get the naturalization in Dominican Republic.

Can I buy property in the Dominican Republic through a corporation?

If instead of wanting to buy a property in Punta Cana If you decide to do it through a company (legal entity), it is essential that they have a domicile in the country.

In addition, they must be registered in the Mercantile Registry and be incorporated with the DGII as a legal entity in order to be assigned the corresponding number of the National Taxpayer Registry.

This does not mean that you have to incorporating a new company in the countryThe only requirement is to register the existence of your foreign legal entity so that it can formally operate and acquire property.

In order to accredit the company abroad, you must present the documents that accredit it. These documents must be legalized y apostilledThe documents may be legalized through the Dominican consulate if the country is not a party to the Hague Convention, or legalized through the Dominican consulate if the country is not a party to the Convention.

Requirements to purchase real estate in Punta Cana and the Dominican Republic

Let's assume you are an individual investor who wants to buy an apartment in Punta Cana and you are wondering what are the essential steps to be able to do it.

Well, these are the requirements that you will have to meet.

Present two identity documents, both the copy and the original. You need to have the passport of your country.

Fill out a form indicating information such as name, age, profession and properties in your name in your home country.

Copy of your spouse's age documents (if married) and the same form.

Certified documentation proving the legality of the funds with which you will purchase the property. For example, proof that you are registered as a merchant and have a business, or a letter of employment.

Documents that reflect the income you have had in the last 3 months.

Bank account balance for the last three months.

Tax returns for the last two years.

Find the best real estate opportunities for foreigners in Punta Cana

Punta Cana is a tourist destination and a benchmark for international investors who are looking for opportunities to buy luxury homes, apartments and villas with a view to obtaining high yields.

At Vivantia we have attractive luxury properties in the best areas of Punta Cana. We are talking about apartments in Punta Cana near the beach, equipped with all the facilities where you can find all kinds of amenities.

If you want to make your way as a investor in Punta CanaIf you are looking for a property, you need to be aware of some attractive real estate projects that you can rent out as a tourist rental, and perhaps sell after a few years when it has appreciated in value.

Would you like to learn about new investment opportunities? We invite you to discover our real estate projects at Oasis Bay, Oasis Lake y Oasis Bay Boutique.