UkuleleFrank
Canadian looking for information about Dominican Republic
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5
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About me
Canadian
Speaks English, and Am Working On, working in Spanish.
Registration: 27 May 2022
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GOOD ARTICLE TO READ ABOUT PURCHASE PROPERTY by CHRISTOPHER DAVID56
https://dominicantoday.com/dr/expats-corner/2023/07/05/understand-this-before-you-reserve-real-estate-in-the-dominican-republic/
Good article.From our own experience, we had put down a reservation fee of $25K for a villa with one of the large popular developers near Sosua. Imagine my surprise when we learned through due diligence that:The developer had purchased the property ... 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 I cannot register for an account on that site without a cedula. Am composing email instead, will update this channel on receipt of response. 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 ...
This site [link moderated] explicitly lists - The tax on declared rental revenues which represents 27%. under the heading CONFOTUR BENEFITS FOR END BUYERS. I've reached out for additional details and will share their response once received. 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 ...
@RoCamilo @RoCamilo I'd be curious to learn of your Guzman Ariza experience. The advice we've received from Guzman Aria (Sosua) is contrary to yours. The Guzman Aria (Sosua) attorney states:Taxes exemptions granted by Confotur benefits only 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 ...
My wife and I are considering a vacation villa near Sosua covered under CONFOTUR, and plan to rent it out while we are not there. We too have received conflicting expert opinions about income tax exemption from rental revenues. We've consulted ... Read More