Lic. Guido Luis Perdomo Montalvo

There are no restrictions for foreigners to purchase real estate in the Dominican Republic. Before purchasing property it is recommended to have an attorney investigate its legal status, for which the seller should provide the buyer with copies of Title Certificate, property survey or plan, his or her identity card or passport, documents showing that the property is either exempted or up to date with the tax payment, corporate documentation and authorization to sell (if applicable), condominium regulations and declaration (if applicable). Dominican Residency. The process takes from 5 to 6 months in order to obtain the provisional residency (valid for 1 year) and the cost is US$1,200. After that year, we apply for the definitive (valid for 2 years) that costs US$1,000. After those 2 years the cost of renewing it for another 2 years is around US$200.