Dominican Law does not differ from a foreign or a Dominican, normal taxes apply, so make sure your agent is well informed of the local taxes. Local lawyers handle all transactions, and Title Insurance is available depending on the development and property under consideration. Just bear in mind that the Dominican Republic is not as up to date on real estate matters as many of her Caribbean sisters ... You will need a good agent and solicitor to represent you in all the negotiations...and that's us!
Punta Cana Lifestyle can help you get the dream vacation home in the sun that you deserve. Our knowledgeable and experienced local area professionals are here to guide you through the vacation home financing process.
Pre-Approval requirements are as follows:
This process is provided free of charge and is offered to you without any obligation to proceed.
Once you have been pre-approved, the process usually requires the documents below, although it may change depending on the individual's situation and citizenship.
- Two pieces of identification (passport, driver's licence or government ID)
- Two bank references from your country of residence
- Verified income and employment letters
- Authorizations to issue a Credit Bureau Report from country of residence
- Two years of tax returns (whether you are salaried or self-employed):
- U.S. - IRS Certified Return;
- Canada - Notice of Assessment;
- U.K. - Equivalent to U.S. or
- Canadian Income Tax Return
- Copy of the Offer of Purchase & Sale or Construction Costs
- Confirmation of down payment
Punta Cana Lifestyle Real Estate Now offers fincing options for foreigners lookingb to invest in the Dominican Republic.
Jocelyn Hernandez Irizarry | Owner | Plaza Arenal Caribe Nº5, Bávaro
Punta Cana Lifestyle Real Estate | www.puntacanalife.com | jocelyn@puntacanalife.com