INVEST IN LAS TERRENAS
The political stability, the fiscal advantages and the booming tourism industry in the Dominican Republic allows a sound and durable investment.
La législation of the country is based on the Napoleon code, which is the French code. In the Dominican Republic, it is very easy for foreigners to acquire real estate property, ansd they have the same rights as a Dominican citizen.
Decree 21-98 of 8th January 1998
Your acquisition is guaranteed by a notary act, registered ib the Land Tribunal (equivalent of the registry office) and you will then obtain a property deed on your name or on the name of an eventual society that you may want to create.
As far as défiscalisation is concerned, the law has changed. In order to attract foreign capital in the touristic areas, all enterprises are exempt from national and municipal taxes for a minimum period of 3 years.