For Sale: Luxurious Home with Owner’s Financing Available 00293

• The Dominican Republic offers several Tax Incentives to Attract Foreign Investors Across Various Sectors.
• Law 16-95 (Foreign Investment Law) – Grants foreign investors the same rights as Dominican nationals, including Capital Repatriation and Legal Protection.
• Law 158-01 (Tourism Development Promotion) – Provides Income Tax Exemptions for 10 years, customs duty exemptions, and real estate tax exemptions for tourism projects.Also, Law 158-01, known as the Tourism Incentive Law. This law applies to investments in Tourism-Related Projects, including hotels, resorts, and residential developments in designated tourist zones such as Punta Cana, Samaná, and Puerto Plata.Key benefits include:
  • 100% exemption from Income Tax for 15 years.
  • No Transfer Tax on real estate purchases.
  • No Property Tax (normally 1% annually on properties over RD$7.5 million).
  • Duty-Free Imports on goods, equipment, and construction materials.
  • No Capital Gains Tax on real estate sales during the exemption period.
• Law 57-07 (Renewable Energy Incentives) – Offers tax exemptions and import facilitation for renewable energy projects.
• Law 171-07 (Retirees & Rentiers Incentives) – Exempts import taxes on personal belongings, 50% off real estate taxes, and tax-free dividends and interest for retirees.
• Free Trade Zones – Businesses operating in these zones benefit from income tax exemptions, customs duty exemptions, and ITBIS (VAT) exemptions.

These incentives make the Dominican Republic an attractive destination for investment in tourism, real estate, renewable energy, and free trade zones.

Are You Seriously Contemplating the Acquisition and/or Investing in these Sectors? If You do, please, contact us at the below contacts, and we’ll set up a Meeting with one of our Attorneys to Offer You the Latest Development of these Incentives and How You Can Take a Slice of this Cake!!