Getting a driving license in the Dominican Republic
Valid driving license: When your embassy validates the driver’s license:You must present valid licenses from your country of origin for certification from the Dominican embassy or consulate offices of your country which will verify the validity of the license. Once you have this you need to take your documents to be authenticated by the Ministry […]
Dominican Republic Visas
When traveling to the Dominican Republic, visitors should be aware that there are two main types of visas: Tourist and Business: There are some countries whose citizens do not need a visa to enter this country: Argentina, Chile, Ecuador, Israel, Japan, Peru, South Korea, and Uruguay. Some visitors are obliged to buy a tourist card upon arrival in the […]
Banks in the Dominican Republic
There are 17 different financial institutions and banks in the Dominican Republic. They include commercial banks, mortgage banks, state-owned banks, and savings and loan institutions. Banco Central de la República Dominicana (BCRD) is responsible for regulating the monetary system and banks in the Dominican Republic. Established in 1947, BCRD is governed by the Monetary and Financial Law. […]
Financing with banks
There are three options: 1. Refinance or place a home equity line of credit on an existing property in your home country to pay for the DR purchase: 2. Place a new, US dollar first mortgage on the DR property being purchased; 3. Purchase a project with developer financing Steps to Obtaining International Mortgage Financing […]
Set up a business in the Dominican Republic
The Dominican Republic is an ideal market for foreign investment for the following reasons: How do I set up a business? The first stage is to decide how the business is to be registered, and you have three options. Sole proprietor This would be appropriate for small businesses such as a consultancy, a beauty parlour, […]
Real Estate buying process
#1. CHOOSE A PROPERTY #2. OFFER OF PURCHASE A detailed Offer to Purchase is prepared by our agency, signed by the buyer, and then presented to the vendor/developer. #3. ACCEPTED OFFER The vendor agrees and signs off on the price and conditions as set out in the Offer to Purchase. Buyer meets with property lawyer for […]
Six Signs that you need a new property manager
Your property is your greatest investment, you need someone who will manage it well.If you own rental property, you’re aware of how significant that investment can be in both time and money. As a source of income, it can be highly lucrative, but only in the right hands. Many property investors don’t feel qualified to manage […]
The Law of CONFOTUR
The Dominican Republic has become one of the main destinations in the Caribbean not only for travelers who love the beaches and the Caribbean sun but also for investors or those seeking property as a second living place. The tourist development that has experienced the area of Punta Cana, has not only been fostered by its […]
Dominican Pesos (DOP)
All the peso notes in the Dominican Republic have a thin plastic strip holding identification numbers inside to help prevent forgery. There is a hidden image that can be seen when held at a 45-degree angle with the letters BCRD (Banco Central República Dominicana). All the notes have a special watermark of Juan Pablo Duarte, the […]
Title of property
The Dominican Republic has fully owned real estate The title system in the DR is similar to what people are used to in North America and most of Europe. Titles are registered to the purchaser(s) of any property, (on both the land and building), or in the case of a condo, on the individual unit. There are […]