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Home►Buyer's Guide Directory►Buyer's Guide Benefits and Exemptions
Buyer's Guide: Living in the Dominican Republic, Benefits and Exemptions
The Dominican Republic with its numerous resources, is well positioned as an ideal place for foreigners wishing to purchase property, work, invest, and retirement destination. Whether you are looking to invest or just relocate, the Dominican Republic offers different types of residency options to meet your needs.
Once you obtain your Dominican Residency, whether it is temporary or permanent, you immediately acquire a number of benefits granted by the Dominican Republic, which include major incentives which include the following:
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Customs tax exemption on home furnishings and personal property that includes appliances, furniture, etc… if owned at least one (1) year previous to importing these items;
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No longer required to pay for a tourist card upon entering the country;
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You are able to work legally in any company in the country;
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You will have completed the first step to obtain your Dominican citizenship, if interested.
One of the best and recent developments in the Dominican Republic in foreign investment has been the creation and publication of the Law on Special Incentives for Foreign Pensioners and Annuitants (Law 171-07). Foreign retirees and annuitants, who wish to reside in the Dominican Republic and enjoy their pension from abroad, can apply for benefits and incentives granted by the law indicated. To do this, pensioners must receive a monthly income of not less than One Thousand Five Hundred U.S. Dollars (U.S. $ 1,500.00), and the Annuitant shall receive a monthly sum for Two Thousand Dollars (U.S. $ 2,000.00) or its equivalent in local currency .-
The exemptions and benefits in the legislation referred to above include:
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Exemption from taxes on home furnishings and personal property (Law 143-93) .
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Partial Tax Exemption of motor vehicles (Act 168, amended by Law 146-00) .
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Exemption from transfer taxes on real estate transfers for the first property acquired;
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Exemption from taxes on the payment of dividends and interest generated in the country or abroad;
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50% exemption of taxes on mortgages, financial institutions regulated by the Monetary and Financial Law, acting as creditor;
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50% exemption of tax on property, where it applies, and
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50% exemption of capital gains tax when the Pensioner or Annuitant is the senior partner in the society.
Information submitted by: Lic. Angel David Lebron Santos | LEBRON & JIMÉNEZ
Phone: (829) 875-9878 | Email: alebron@lebronjimenez.com | Web: www.lebronjimenez.com
*Courtesy translation provided by Punta Cana Lifestyles Real Estate.
For more information about this or any legal issues pertaining to Real Estate Purchasing, contact us using the form below.
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Punta Cana Lifestyle Real Estate
Plaza Gran Caribe (Globalia) Nº 4, Bavaro
(809) 552 0421 Office - (305) 600 4852 USA
Office Hours
Monday to Friday 10:00 am to 4:00 pm
Email: info@puntacanalife.com
 
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Featured Properties!
Most of our properties are listed under exclusive agreements. They are noted at the end of each listing. Ask us about these special offers, or have your Real Estate agent contact us!
Condos below market price
Nice 2 BR condo with mezzanine. Completely remodeled unit at the Golf Suites, a real must see!
►Price: us$150,000
Beautifully furnished condo with stunning pool and golf views. Owner benefits include private beach and hotel access.
►Price: us$160,000
Beautiful pool, stunning views, great qualities. 1 BR w/ Mezzanine. Owner benefits include private beach and hotel access.
►Price: us$145,000
Walk to the beach! Spacious and comfortable, 2 BR/ 2 Bth condo, just steps to world famous Bavaro Beach.
►Price: us$135,000
Amazing Caribbean Villas
Unique layout, comfortable & spacious 4 BR, private infinity pool, Single Family home for sale on the golf course w/ private beach access!
►Price: us$550,000
Beautiful 3 BR single family house with large, lots of wood details, private gardens, stunning lake and golf views, closed garage for car and golf cart.
►Price: us$550,000
Villa Coral is has a Modern, distinctive style. This 4 BR single family golf villa has a private pool, great details and access to popular private beach club.
►Price: us$700,000
Stunning Golf Resort Villa. 6 BR, large common areas, private infinity pool, due to be completed by May 2012.
►Price: us$1,100,000
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Punta Cana Lifestyle Real Estate
Plaza Gran Caribe Nº4 | Bavaro, Dominican Republic | Tel. (809) 552-0421 | info@puntacanalife.com
Legal Disclosures: Punta Cana Lifestyle Real Estate, S.R.L. (Agency) or its affiliates are not responsible for the content presented in this website, including but not limited to any advertising claims, marketing practices and data collection, use and privacy practices. This is not an offer to sell or solicitation of offers to buy, nor is any offer or solicitation made where prohibited by law. The statements set forth herein are summary in nature and should not be relied upon. A prospective purchaser should refer to the entire set of documents provided by service providers, developers and owners and should seek competent legal advice in connection therewith. This website is designed as a service to our customers and may be used for information purposes only, and is meant to be used as an overview of Bavaro and Punta Cana, and in no way whatsoever should the information contained in this website be relied on for financial, tax, accounting, investment, business or legal advice. All items are subject to modification, change and/or being withdrawn at any time in the sole discretion of the Agency. This is not an offer to sell or solicitation of offers to buy, nor is any offer or solicitation made where prohibited by law. This is not an offer to residents of Puerto Rico, or where prohibited by state statutes. This website shall not constitute an offer or solicitation to sell or buy property in any state within the United States where registration of the property is required or where such solicitation or offer cannot be made. Punta Cana Lifestyle Real Estate, S.R.L
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