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Process to buy an apartment in DR if you are not a Citizen?

Dancliff

Hello Guys

hope all of you are well

Please what is the process to buy an apartment in DR if you are not a Citizen?

Waiting forward to hear from you

Merci

See also

Real estate listingsLiving and accommodation on the South Coast of the Dominican RepublicLiving and accommodation in the up and coming Southwest of the Dominican RepublicLiving and accommodation on the North East Coast of the Dominican RepublicBuying property in the Dominican Republic
planner

First the process is to open a thread on the subject please.

For everyone - going off topic on a thread is called hijacking and is frowned on by forum internet gods.  😊

planner

Dan I have requested this be set up as its own thread. Hang tight and we will answer you!

Diksha

Hello Dancliff and planner,

Please note that a new thread has been created on the Dominican Republic forum with your posts.

You can now continue conversing on the topic of Dancliff's interest. :)

Best,

Diksha
Team °µÍø½ûÇø

planner

Thank you  Diksha!

Okay so lets talk about this.

Buying an apartment or a house here  is not much different  for  foreigners  then Dominican citizens. 

There are things you need to be aware of that locals will automatically know.

FIrst:  you want a lawyer of your own. NOT one working both sides of any deal. You need to  have  the title searched and confirmed and you need a deslinde that is  filed.

Financing -  its hard to get as an °µÍø½ûÇø. They are starting to  finance more in the banks but its still hit and miss.  Developers are  doing some financing as well.   AND you will likely not love the rates charged here.

Corporation -  to qualify for investment for residencia purposes,  you need  to hold the real estate inside a corp.   For estate and tax planning it is often useful as well. But, consult a professional about this.