Choosing the Right Location on the North Coast The North Coast of the Dominican Republic offers diverse lifestyle and investment opportunities. Whether you prefer the vibrant nightlife of Sosúa, the water sports of Cabarete, or the colonial charm of Puerto Plata, here is a professional breakdown for 2026. 1. Sosúa: The Expat Favorite Sosúa is famous for its beautiful bay and established expat...
March 22, 2026
How Much Are Closing Costs in the DR? Budgeting for a property in Sosúa or Cabarete involves more than just the sticker price. In the Dominican Republic, buyers should expect to pay between 4% and 5% of the purchase price in total closing costs. 1. Transfer Tax (3%) The most significant one-time cost is the Transfer Tax (Impuesto de Transferencia). This is a flat 3% tax based on the...
Yes, foreigners can legally purchase and own property in the Dominican Republic with the same rights as Dominican citizens. > According to Law 108-05, the real estate market is open to international investors. You do not need residency to buy property; a valid passport is sufficient to start the process. Key Facts for Buyers: Ownership Type: Fee-simple (you own the land and the building)....