Question 1

What types of hotel properties are available in the Dominican Republic?

Accepted Answer

The Dominican Republic offers a range of hotel investment opportunities, from small boutique hotels and bed-and-breakfasts with fewer than 20 rooms to mid-size apart-hotels and larger resort-style properties. Boutique hotels are particularly common in Las Terrenas, Santo Domingo's Colonial Zone, and the north coast towns of Sosua and Cabarete, while larger hospitality operations are concentrated in the Punta Cana corridor.

Question 2

What should I consider before buying a hotel in the Dominican Republic?

Accepted Answer

Key factors include the property's location relative to tourist demand, its existing occupancy and revenue history, the condition of the physical structure and furnishings, staffing requirements under Dominican labor law, and whether the property qualifies for CONFOTUR tax exemptions. It is essential to conduct thorough due diligence on financial records, permits, and any existing liabilities. Working with a local attorney experienced in hospitality transactions is strongly recommended.

Question 3

Do hotel properties qualify for CONFOTUR tax benefits?

Accepted Answer

Many hotel developments in the Dominican Republic qualify for CONFOTUR tax incentives under Law 158-01, which can provide up to 15 years of exemption from property transfer tax, annual property tax, and import duties on construction materials and furnishings. The exemption is tied to the project and its location within a designated tourism development zone, so eligibility should be verified on a property-by-property basis.

Question 4

Can foreigners buy property in the Dominican Republic?

Accepted Answer

Yes. The Dominican Republic grants foreigners the same property ownership rights as Dominican citizens. You can purchase land, condos, villas, or commercial properties in your own name with full fee-simple title — no special permits, local partners, or government approval required. For a step-by-step walkthrough of the buying process, see our guide to buying property in the DR.

Question 5

Do I need to be a resident to buy property in the Dominican Republic?

Accepted Answer

No. There is no residency or visa requirement to purchase property. You can buy real estate on a tourist visa, and the process typically takes 30 to 60 days from offer to title registration. In fact, owning property can actually help you qualify for Dominican residency if you choose to apply later. Our buying guide covers the full process.

Question 6

What are the closing costs when buying property in the Dominican Republic?

Accepted Answer

Budget approximately 3.5% to 5% of the purchase price in total closing costs. The largest component is the 3% property transfer tax, assessed on the government-appraised value. Legal fees for title search, documentation, and attorney services typically add 1% to 1.5%. There is no VAT on residential property transfers. Properties in CONFOTUR-approved projects may be exempt from the transfer tax entirely.

Question 7

What is CONFOTUR, and how does it reduce property taxes?

Accepted Answer

CONFOTUR (Law 158-01) is a Dominican government incentive program that grants up to 15 years of tax exemptions for properties in approved tourism developments. Qualifying buyers are exempt from the 3% property transfer tax at closing and the 1% annual property tax (IPI) for the duration of the benefit period. The exemption is tied to the development project, not the buyer. Learn more in our detailed CONFOTUR guide.

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