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How to Buy Property in Cabarete
Foreigners can easily purchase Cabarete Dominican Republic property with no citizenship requirements. The straightforward process takes 2-3 months and involves about 3.1% in transfer taxes and fees. Legal representation is essential for navigating local real estate laws safely and efficiently.
Legal Requirements for Foreign Buyers
Documentation Needed
Valid passport and proof of address are the primary requirements for foreign buyers. No special residence visa is required to purchase property.
Tax Identification
Foreign buyers must obtain a Dominican tax identification number (RNC) to complete property transactions legally.
Equal Rights
Under Law 171-07, foreigners enjoy the same ownership rights as Dominican citizens with no restrictions on property types.
The Property Buying Process
Legal Representation
Hire an experienced real estate attorney specializing in Dominican property law. They'll guide you through the entire process and protect your interests.
Title Research & Agreement
Your attorney conducts a thorough title search to verify ownership and check for liens. Sign the purchase agreement (promesa de venta) and pay a 10-30% deposit.
Closing & Registration
Verify no outstanding property taxes, attend final closing with your attorney present, pay the 3% transfer tax, and complete title registration to secure ownership.
Costs and Taxes
Budget 3/5% of the purchase price for total closing costs. The main expense is the 3% transfer tax paid on the government-appraised value. Properties valued over 10 million pesos also incur a 1% annual property tax.
Transfer Tax: 3%
Legal Fees: 1%
Notary Fees: 1%
Title Registration: 0.1%
Other Costs: 0.5%
Important Considerations
Legal Protection & Clean Title
Always work with a reputable local attorney to prevent fraud. Ensure the property has a clean title backed by proper documentation and consider establishing a Dominican corporation for larger investments.
Infrastructure & Zoning
Research infrastructure reliability including water, electricity, and internet access. Understand zoning regulations, especially in beachfront areas where special permissions may be required.
Property Management
Plan for professional property management if purchasing as a non-resident. Regular property visits are recommended for absentee owners to maintain the condition and security of your investment.
Contact Maribel Roca – Notary and Legal Services in Cabarete
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Calle Los Pinos No. 2, Residencial Pelican, Cabarete, Dominican Republic, 57000
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Phone: +1 (809) 571-9248
Whatsapp: +1 (809) 802-5555
Email: info@maribelroca.com
Office Hours
Monday - Friday
9:00 AM - 5:00 PM
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