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Santo Domingo.– As part of GEM Estates’ timely shift towards dollar markets, the Dominican Republic has emerged as a serious contender for overseas property investors.
The Caribbean is getting more affordable for Brits as the dollar sustains its downward adjustment against the pound and whilst some islands have a very high base to fall from, the Global Property Guide prices the average Bermudan beachfront villa with plot at an eye-watering $861 USD/m², the Dominican Republic sits right at the other end of the spectrum at $324 USD/m² and investment success is a dead-cert.
Punta Cana, touted as the Dominican Republic’s most significant tourist resort, is home to the White Sands Golf & Beach Resort, a multi-faceted development with a José (Pepe) Gancedo 18-hole course as the centerpiece.
White Sands by name and white sands by nature, this phenomenal stretch of coastline has wedding-white palm fringed beaches lapped by turquoise waters idyllic for snorkeling, swimming and sundowner cocktails in a lazily strung hammock and this paradise is the location for the apartment development of Golf 1 Bavaro Playa.
Golf 1 Bavaro Playa forms part of White Sands Golf Resort and, aside from having golf and beach on its doorstep, also rubs shoulders with some hotels from the world’s finest chains –Riu, Iberostar, Sol Meliá, Barceló– all of which have luxurious all-inclusive resorts fronting the sands.
The presence of these hotels brings dual benefit to owners at Golf 1 Playa Bavaro. First the operators of Ocean Blue and Ocean Sand Hotels, H10, are offering their on-site services at discounted rates, and second, and most important for investors, they provide an instant rental pool.
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Here no capital gains tax..
http://www.thedominicanrepublic.net/offshore_incorporated_company.html
Most governments assess capital gains and property title transfer taxes when a property title changes hands. This is true for real estate in the United States, Europe or tim-bok-tu. The solution then is to never change the title of ownership. If the property title name does not change, there is no title transfer tax, nor is there an official sales document indicating the new purchase price (and thus a way to determine the capital gain due). Instead, sell or transfer the entity that owns the real estate through a private transaction. Not only is this perfectly legal, it is also a common practice that wealthy Dominicans have been doing for years.