Monday, November 5, 2007

Buying Real Estate Properties in the Caribbean

At present The Dominican Republic offers the best prices and superb locations in the entire Caribbean for beach front, resorts and hotels properties.

The Dominican Republic has always been a great place to escape for a holiday, since it is only a short two hour flight from the Continental US.

Most of northern Dominican Republic has beautiful coral reefs and mountains thus making it a great place to enjoy outdoor activities such as snorkeling, scuba diving, surfing, boating and many other recreations with beautiful surrounding scenery (for more details visit IguanaMama).


Visiting Tourists
New and repeat Tourists visiting the Dominican Republic reached the four million mark in 2006 and maintained an extraordinary growth in 2007, making it a prime Caribbean Resort Development location (for more details visit Dominican Republic Banco Central Statistics).


Investment Profits
This island has one of the best ratings as a tropical tourist and retirement paradise as well as an exceedingly profitable property investment option; presenting outstanding returns on investment in the areas that we offer which have increased in value between 40% to 55 % over the last four years.


Current Investors
Many serious investors like Mr. Donald Trump have already realized the great potential that the Dominican Republic is offering with affordable land prices, low tax rates and incentives which have qualified it as a safe investment haven. He has invested in properties in the SamanĂ¡ and Punta Cana area.



Tax Incentives
• One of the most important benefits awarded by the Dominican Republic legislation in the tourist branch to foreign corporations is the set of exemptions and fiscal benefits which were established as a way to promote tourist project development.

• 100% exemption of Rent Taxes.

• 100% exemption of national and municipal taxes for company incorporation, capital augmentation, property transfers, sales, supervision and construction of projects.

• 100% exemption of transfer of goods and services tax.

• 100% duties exemption for machinery and equipment imported.


Foreign Ownership
Property ownership is not restricted in any way for foreign individuals or corporations.


Permanent Residence
Resident status is easily obtainable in the Dominican Republic for foreign investors. Resident status grants the foreigner born individual all constitutional rights except for the right to vote.



Whether for your tourism development complex or future holiday home, investing in The Dominican Republic is a great choice.


Where to find properties

For a list of available opportunities visit Westinghouse Investments.

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