Buying a property in Punta Cana - Experienced local lawyer answers top questions
puntacanaestates.com Whatsapp: +1 829 424 2255 linktr.ee/puntacanaestates
RE/MAX PARADISE
Ducassi Suites, Los Corales, Bavaro, Punta Cana
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Experienced Local lawyer answers most common questions regarding investing and buying a property in Punta Cana.
00:40 Can a foreigner buy a property in the DR? Needs to be resident?
01:24 Can he buy on a company? What would be the advantages and the disadvantages? Buying a property on a company or as an individual.
02:31 Closing costs and taxes?
04:04 Title of a property - is important to have it? Or a contract is enough?
04:31 Are there any differences between a foreigner owning a property in the DR and a Dominican citizen?
05:21 How fast can you get the title onto your name? Title creation and resale.
06:06 What is the buying process in case of a resale? How long does it take?
07:16 Do you need a lawyer to buy a property in the DR?
08:24 What about buying pre-construction? What’s the buying process? How long does it take?
10:51 What is CONFOTUR Law?
11:32 What about selling a property? What’s the process? Any taxes to consider? Capital gains.
12:23 Can foreigners open accounts to the Dominican banks and open mortgages in the DR?
00:40 ¿Puede un extranjero comprar una propiedad en RD? ¿Necesita ser residente?
01:24 ¿Puede comprar en una empresa? ¿Cuáles serían las ventajas y las desventajas? Comprar una propiedad en una empresa o como un individuo.
02:31 ¿Costos de cierre e impuestos?
04:04 Título de una propiedad: ¿es importante tenerlo? ¿O un contrato es suficiente?
04:31 ¿Existe alguna diferencia entre un extranjero que posee una propiedad en RD y un ciudadano dominicano?
05:21 ¿Qué tan rápido puedes colocar el título en tu nombre? Creación de títulos y reventas.
06:06 ¿Cuál es el proceso de compra en caso de reventa? ¿Cuánto tiempo se tarda?
07:16 ¿Necesita un abogado para comprar una propiedad en RD?
08:24 ¿Qué pasa con la compra de pre-construcción? ¿Cuál es el proceso de compra? ¿Cuánto tiempo se tarda?
10:51 ¿Qué es la Ley CONFOTUR?
11:32 ¿Qué pasa con la venta de una propiedad? ¿Cuál es el proceso? ¿Algún impuesto a tener en cuenta? Ganancias de capital.
12:23 ¿Pueden los extranjeros abrir cuentas en los bancos dominicanos y abrir hipotecas en RD?
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Пікірлер: 15
What is the process to buy with cash?
@PuntaCanaEstates
Жыл бұрын
Hi Martha! Thank you for your question. The buying process with cash is quite easy but the steps and timeframes will depend on each case. Basically, once you find the property you like, and agree upon the price, you are required to pay an amount to start the purchase process. You'll have around one month to check the documents of the property (here I recommend using a lawyer to make sure everything is in good standing) and once everything is confirmed to be in order you will sign the contract and make the payment. The contract needs to be registered and the taxes paid in order to get the title deed onto your name. If you need more information and assistance please feel free to contact us via email at contact@puntacanaestates.com or via Whatsapp at +1 829 424 2255
Excellent
@PuntaCanaEstates
11 ай бұрын
Thank you!
So, as per my research, why do many say there aren't any tax fees for 15 years when buying in the Dominican Republic?
@PuntaCanaEstates
9 ай бұрын
Hello! Only the projects with approved Confotur certification have tax exemptions for up to 15 years. If you want to know more check this article I have about the Confotur law: puntacanaestates.com/benefits-of-the-confotur-law-in-the-dominican-republic/ We have several options of projects with Confotur benefits so please feel free to reach out for more information at contact@puntacanaestates.com or on WhatsApp at +1 829 424 2255
Good day . How much are the taxes after the 15 years of purchase of a new home. Thank you
@PuntaCanaEstates
10 ай бұрын
Hello! In the DR the annual property tax is 1% of the value of the property. As an individual you have an exempt amount that now is around $160,000, so you will pay 1% on the amount that exceeds the $160,000
@JaimeR-dz1se
10 ай бұрын
@@PuntaCanaEstates thank you so much for the information
How much would a real estate lawyer charge to check the purchase contract ?
@PuntaCanaEstates
Жыл бұрын
Usually the lawyer that checks the contract is the same that will also transfer the title onto your name, even if we are talking about pre-construction. The total lawyer fees are 1%-1.5% of the value of the property, so in this case you should expect to pay about half of that (or a bit more depending on the actual situation) to check the contract and make all the due diligence regarding the seller and property. If you have more questions or need more information feel free to contact me on WhatsApp at +1 829 424 2255 or email at contact@puntacanaestates.com
ρɾσɱσʂɱ
@PuntaCanaEstates
Жыл бұрын
May I help you?
What is name num
@PuntaCanaEstates
Жыл бұрын
The name of the lawyer is Sergio Diaz. Please contact us via email at contact@puntacanaestates.com or via Whatsapp at +1 829 424 2255 for more details.