As a foreigner, can I buy property in the Dominican Republic?
Yes, as a foreigner, you can buy property in the Dominican Republic. The country’s laws impose no restrictions on non-residents who wish to acquire real estate. (expat.com)
Foreigners enjoy the same property ownership rights as Dominican citizens. You do not need to be a resident to buy, sell, or own property in the Dominican Republic.
Basic Requirements for Foreigners Buying Property:
- Valid identification: Two forms of ID, including a passport.
- Client information form: This includes details such as owned properties in the home country, profession, age, and dependents.
- Proof of legal funds: Certified documents proving the legality of the money used for the purchase, such as an employment letter or business documentation.
- Financial records: Bank statements for the past three months and income tax returns for the past two years.
It is highly recommended to work with a local lawyer to ensure all legal requirements are met and conduct due diligence before purchasing.
In summary, the Dominican Republic provides a favorable environment for foreign investors looking to purchase real estate, with clear procedures and guaranteed property rights.
