Help....Personal or Dominican Holding Corp???

Need to know which is the best way to register land when purchasing property in the Dominican. The condo we are purchasing is $100,000us. I have been wracking my brain trying to decide with the info. I do have.

Please for all those foreigners that have purchased in the Dominican around $100,000 what did you do as far as choosing to own it personally or as a Dominican Holding Corp.(incorporated). Please tell me what you chose and why. I am torn and from what I have read I am seriously considering going personal as it will be exempt from annual property taxes and there will be no need to for annual maintenance in a personal holding but corporately there would be. I do know that personally we will have to pay the transfer tax.

Also, considering long term rental to foreigners for reasonable. With that said how does renting work as a personal owner and then as a corporation? How do the taxes work for each?

If you have answers to any of the above please respond as I have to decide by Monday.

Thank you for your help.
travelingraysgirl

Thank you for your responses

Thank you for responding. I appreciate both your input. We have decided to do this in our names as opposed to a corporation. The convenience of not filing every year was a big plus for us, especially with a condo at the $100,000us mark where taxes are not required.

Thank you again for your help.

travelingraysgirl