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  1. #1
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    Default Purchasing Property

    Can a Non Resident Purchase Property in DR?

    Please Advise.

  2. #2
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    Currently, yes you can.

    Do you really want to or should you, would require more info and a much longer response.

  3. #3
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    Yes you can - we are going thorough this now - I believe the glitch is on financing (if you need to) - if you are paying all cash it is preferred - or current owner can finance to you like a bank would over a period of time

  4. #4
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    Yes you can buy. Don’t buy anything without a deslinde.

    Administrator
    DR1.com

  5. Likes bob saunders, KyleMackey liked this post
  6. #5
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    And make sure the title is blue in color.

  7. #6
    DR1 Expert
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    There are no restrictions on foreign Individuals or entities owning or leasing real estate in the Dominican Republic. The process for purchasing or leasing real estate for foreigners is exactly the same as for Dominicans
    Fabio J. Guzman
    Guzman Ariza
    Attorneys-at-Law
    Sos�a, Santo Domingo, San Francisco de Macor�s, Cabrera
    Las Terrenas, Saman�, B�varo (Punta Cana) and La Romana
    Dominican Republic

    [email protected]


    Website

    The opinion above should not be construed to be formal legal advice and was given without reviewing the facts and documents pertinent to the case. The reader should NOT act based upon this opinion without seeking professional counsel.

  8. #7
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    Quote Originally Posted by Fabio J. Guzman View Post
    There are no restrictions on foreign Individuals or entities owning or leasing real estate in the Dominican Republic. The process for purchasing or leasing real estate for foreigners is exactly the same as for Dominicans
    You mention foreign entities. Would that include a LLC registered in the US?

  9. #8
    DR1 Expert
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    Yes, an American LLC can buy property in the DR. To do it, you must register the LLC with the Dominican tax authorities.
    Fabio J. Guzman
    Guzman Ariza
    Attorneys-at-Law
    Sos�a, Santo Domingo, San Francisco de Macor�s, Cabrera
    Las Terrenas, Saman�, B�varo (Punta Cana) and La Romana
    Dominican Republic

    [email protected]


    Website

    The opinion above should not be construed to be formal legal advice and was given without reviewing the facts and documents pertinent to the case. The reader should NOT act based upon this opinion without seeking professional counsel.

  10. #9
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    Quote Originally Posted by cavok View Post
    You mention foreign entities. Would that include a LLC registered in the US?
    We purchased a condo last year through an LLC and did it fairly painlessly. With Mr Guzman's help :0)

  11. #10
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    We purchased last December. Had to produce financial statements, income, titles to property here in the U.S. Along with bank statements and personal references from both here and there. Similar in many ways to a purchase here. Also needed a Dominican co-signer even though we paid in full. U.S. banks look down on foreign property purchases so we just took out a second mortgage and they could care less what you do with the money.

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