@RoCamilo
American looking for information about Dominican Republic
Forum
37 posts
About me
American
Registration: 15 October 2021
Activity
HELP: Met someone in the DR and I don't know what his intentions are by travellinglady1429
Hello to everyone,This is my first time posting on a forum, desperate measures as I scour the internet to find out whether the intentions of the man I met in the DR are authentic or not. I vacationed to Punta Cana with a friend of mine about 3 ...
You seem to be a smart young lady. Listen to the advice given here. There is a very very small chance he is a good guy and has good intentions. I would not risk being played and hurt for that small chance. I was born and raised in DR. As the ... Read More
The CONFOTUR LAW and its benefits by Kat11
When looking in Punta Cana at New Villas or condos there is a law that applies...the CONFOTUR Law No.158-01 which is "Promotion of Tourism". The law is aimed at projects in tourist real estate destinations in order to encourage tourism in ...
The management company excluded rental income taxes from my gains this time after I raised the question. It was the first distribution since they started managing properties. My attorney at Guzmán Ariza insists that rental income is tax ... Read More
The CONFOTUR LAW and its benefits by Kat11
When looking in Punta Cana at New Villas or condos there is a law that applies...the CONFOTUR Law No.158-01 which is "Promotion of Tourism". The law is aimed at projects in tourist real estate destinations in order to encourage tourism in ...
@lennoxnev. Thanks for sharing this info. This doesn't reference rental income but the Confotur website does. My attorney is from Guzmán Ariza and he is sure about the rental income exception. I will continue to share info as I get it. Read More
The CONFOTUR LAW and its benefits by Kat11
When looking in Punta Cana at New Villas or condos there is a law that applies...the CONFOTUR Law No.158-01 which is "Promotion of Tourism". The law is aimed at projects in tourist real estate destinations in order to encourage tourism in ...
@rfmaurone. Yes, I am the first owner. Spoke to my attorney again today and he insists I don't have to pay rental income tax for the first 15 years. I forwarded the information to the property mgmt company. They have never dealt with a confotur ... Read More
The CONFOTUR LAW and its benefits by Kat11
When looking in Punta Cana at New Villas or condos there is a law that applies...the CONFOTUR Law No.158-01 which is "Promotion of Tourism". The law is aimed at projects in tourist real estate destinations in order to encourage tourism in ...
Thanks! I have been looking into this as I had been told by my attorney when I purchased the apt that there would be no rental income tax for the first 15 years after the constructions was completed, but now the property mgmt company is telling me ... Read More
The CONFOTUR LAW and its benefits by Kat11
When looking in Punta Cana at New Villas or condos there is a law that applies...the CONFOTUR Law No.158-01 which is "Promotion of Tourism". The law is aimed at projects in tourist real estate destinations in order to encourage tourism in ...
Hi everyone! Does anyone know if the Confotur law also waves taxes on rental income for the first 15 years? Or does it only apply to property taxes for 15 years? Read More
Buying property or a home in DR by K Johnson III
So I was reading the topic ( how to obtain a bank account) if you don’t have a back account, how can or what is the process to purchase a home or property??? Cash . Lol cashier check please inform me
The attorney I used (Guzmán Ariza) has a US bank account so I was able to send a wire transfers directly to them with the payments. Never had any problems. Read More
ROOMMATE WANTED -- PUNTA CANA by Rachel Cruz
LOOKING FOR A ROOMMATE!!! Cocotal - Bavaro/Punta Cana$450 USD monthly payment Fully furnished 2 bedroom, 2 bathroom Internet and cable included ***I have a cat
Get ready, you will be getting lots of messages from secret admirers! Read More
Is it difficult to rent your investment property? by MOMOS22
Has anyone purchased a real estate investment property and tried to lease it out?
@windeguy...thanks for your response. Precisely because of what you stated is why I started my question with "based on your experience." Income/expenses depend on a very long list of factors and the pandemic has made that list even longer. Read More
Is it difficult to rent your investment property? by MOMOS22
Has anyone purchased a real estate investment property and tried to lease it out?
@ddmcghee...based on your experience, what is a reasonable yearly profit to be expected from a 2/2 in last Terrenas? Read More
Cost of living in Dominican Republic in 2022 by Cheryl
Hi everyone, Two years after the start of the pandemic, it is time to take stock of the evolution of the cost of living in Dominican Republic or more specifically, in the region where you live. The idea is to help people get ready for their ...
This is so helpful. Planner, thanks so so much for all the details and insight. You have mentioned in the past you own a company. What type of business is it if you don't mind sharing? Ro Read More
Insurance for Investment Properties in DR by Burgs
hi all, Hoping someone might be able to help us. My husband and I fell in love with Las Terrenas on a recent visit and are now thinking of buying a condo to use as an investment property until we are ready to retire in a few years, and the use the ...
We purchased a property in Las Terrenas and the developer formed a management company and all apartments that want to participate in the pool rental can do so. They manage everything, including getting insurance for the property. I bought directly ... Read More
Real Estate Lawyer in Punta Cana by vbizDR
Looking for suggestions for real estate law firm in Punta Cana. Also would appreciate any clarifications on the process of opening up DR holding Company and opening up banking account. Anybody here had experience with that?
I second Guzmán Ariza . Very reputable law firm. Read More
Hiring a REPUTABLE Lawyer by GuestPoster306
With all the legalities in purchasing property, even conducting personal business, what is the best way to be certain in hiring a lawyer you can trust? Is there a trusted online website based on location advertising legal services? Already leery of ...
We also used the Guzmán Ariza firm (Vladimir Alonzo) and had a good experience overall. They are definitely not the cheapest but are very reputable. Read More
Buying furniture in Dominican republic by Bettyboopy
Does anyone know if furniture is expensive in Dominican? Bedroom living room set and fridge and Stive plus washer spinner. Need a good place to go buy these items. Would appreciate any responses. Puerto plata area in the city. Thank you!!
What about outdoor furniture? Can anyone please provide some store names (with websites, as I'm not in DR) that would ship to Las Terrenas? Read More