Real estate in Las Terrenas
In Las Terrenas, a privileged place with an international community (European, American and Canadian) real estate projects multiplied after the 90´s. However, Las Terrenas has kept its small Dominican village soul.
Thanks to political stability, a high growth rate and an attractive tax system, Dominican Republic attracts numerous investors and builders to the country.
Making Samana peninsula a quality tourism destination is an official priority for the Dominican Government and huge investments have been made in the region´s infrastructure. The new highway opened in 2012 links Santo Domingo to Las Terrenas in less than two hours, El Catey International Airport, opened in 2011, is only 25 minutes from Las Terrenas, all the roads in the region have been repaved …..
Investing in Las Terrenas is a sure thing!
President Danilo Medino, elected in May 2012, confirmed his support for development and foreign investment.
Properties are guaranteed by legally registered title deeds. The Dominican system is based on private property. Foreign residents enjoy the same rights as Dominican citizens with regard to purchasing property.
Attractive property tax
Steps are simple when buying land or property. Purchasers enjoy reduced costs and registration fees. Legal fees are also very affordable.
To date, tax on landed property in Dominican Republic is quite limited and in some cases does not even apply. There is also no tax on capital gains on property.