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Purchase
of real estate in Dominican Republic
The purchase
of a housing is one of the most important
investments, so we must pay attention
to all the points in order to prevent
us about situations of defenselessness.
If you decide to buy one of the exclusive
housings of “Los Angeles de Bayahibe”
Complex you will be able to be safe and
unworried of making a totally legal purchase.
Thus, our Juridical Office offers you
its experience and contro) in the real-estate
transactions and all the necessary steps
to manage your deal. We offer you a special
price of USD$ 1.700,00, far below of other
bureaus.
- Some of the inherent costs in the
real estate are:
- Transfer Taxes 3%
- Tax documents 1,4%
- Petty cash Expenses (different
stamps, certification and taxes
on check) 0,1%.
IPI,
Tax on Real-estate Property
- Individuals pay 1 % per year in two half-yearly quotas, remaining exempt the properties that at the exchange rate does not exceed 5 million Dominican Pesos. If the value is higher, the first 5 million Dominican Pesos, will also be exempt.
- Legal Entities are exempt from the IPI, but they must pay a 1 % upon its assets, constituting this payment a credit against the Income tax.
- The Law of Foreign Investment establishes
the principle of equality of treatment
for the national and foreign investments,
as well as it guarantees the same juridical
protection, without any discrimination.
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