Arguments of de Las Terrenas

This small village of fishermen, naturally isolated by a cordillera in the south and an Atlantic coral side barrier, was still without electricity there are about fifteen years. But the charm of this place and the acceuil of Dominican make that this small paradise is snuffed more and more.

Las Terrenas profits from a broad range of foreign residents (Swiss, Belgian, German, Canadian, Argentins, Ialiens, Spaniards...). The French community being most important, there is a French school. This ethnic diversity makes it possible to live in a splendid country while profiting from a comfort to "the European one" if it is your wish (supermarket, bakery, restaurant, TV by satellite...)

As of November 2006, the international airport of El Catey opens its doors. It is with 45mn of Mow Terrenas, the motorway in construction will bring closer Las terrenas with 1h30 of St Domingue instead of 4h30 today.

Projects like the golf, the marina are as many arguments which return Las Terrenas attracting and which show that large investors misent on the area.

The peninsula of Samana will not become a destination of tourism of mass as on the Easts coast and South, but will remain a destination for tourism of quality (declaration of the President).

This explains why for 3 years the prices of the grounds have increased by 20 % each year. Lastly, las Terrenas, one is allured by his charm and that is not described!!!

Legislation

The Dominican Republic is classified among the most stable countries of the Caribbean and of Latin America and its taxation is very light. Your goods and capital are there in safety. These tax advantages make of it an increasingly appreciated destination, real profitability being exceptional.

The Dominican legislation is based on the Napoleon code (many similarities with France), and since January 8, 1998 (decree 21-98) the foreigners profit from same the rights as Dominican themselves.

The act of purchase

A traditional real transaction is composed of a "commitment to sell" (with payment of 10%) then of a final act (approximately 2 months later). In fact, all the clauses can be considered (times, accompte, clause of penalty...) as from the moment or the purchaser and the salesman agree.

Acquisition is guaranteed by a notarial act, recorded with the court of the Grounds (registers). You will receive your document of title to your name or in the name of a company (according to your choice).

This recording is subjected to tax and tax which are quite less than in France (approximately 5%).

In Dominican Republic, the notary does nothing but authenticate the documents, the work of checking of the titles, to pay the taxes, etc is ensured by lawyer. The choice of lawyer is determined by the purchaser. The lawyer is the essential person for the good course of your acquisition.

Transfer of funds

The transactions are done in Euros, US Dollar or pesos Dominican according to the vendeur/achetor agreement.

He is of use to pour 10% at the time of the signature of the undertaking to purchase.

The banking transfers are done easily and quickly (less than one week).Moreover, it is possible to open an account here in one of the 3 currencies (to provide you with passport).

Summary

To fall under the charm from the Dominican Republic and Las Terrenas, it is easy, but to pass to the purchase is less (remote country, different law, different culture...). In fact, the step is simple if you are well advised.