Classical Realty International - Cap Cana, Dominican Republic

The Dominican Republic

Occupying two thirds of La Hispaniola, the Dominican Republic is the second largest island 48.422km2) of the Caribbean located between Cuba and Puerto Rico. Its ecological diversity encompasses an area of 18,000 sq. miles, including 750 miles of coastline and pleasant tropical weather.

A fascinating destination with an abundance of natural beauty, it is a nature lover's dream. Containing rich foliage, with forests and mangroves, rivers and beaches, natural springs and waterfalls, the Dominican Republic features a truly exotic and exuberant flora and fauna. The Dominican hospitality knows no boundaries.....

DR Facts

Country Risk: B (Fitch Ratings), B2 (Moody’s)
International Agreements: DR-CAFTA (Free trade zone between Central America, USA and DR), Other agreements with Europe and Latin-American countries (Caricom).
Real GDP Growth: 2006/2007: 10.7%/ 8.5%
GDP 5 Year CAGR: 5.8% annual
Inflation Rate ~ 7%
Stable currency
Stable economy, location, political environment, physical and economic safety, telecom strength, accessibility and social condition makes the DR an attractive country for foreign investors.
For more info visit La Secretaría de Turismo de la República Dominicana
http://www.sectur.gob.do/

Tourist Development Incentive

The tourism incentive law 158-01, modified by law 184-02, establishes tax exemptions for certain areas of the Dominican Republic, including the area of Cap Cana. This law provides important tax incentives for a period of up to 10 years, such as exemptions from transfer tax, property tax, income or capital gains taxes, etc. Please note that tax exemptions also apply for the first buyer: the person who purchases a new unit directly from the developer.

All applications in process. With the boom in the tourist industry, high rental returns are more achievable than many other obscure international destinations that are said to be “investment hotspots.” With the increased amount of tourism comes an increased need for rental properties. The ability to find a long-term rental property is becoming more difficult, but for owners of these unique units, the return could be quite lucrative.

Law No. 158-01 on Promotion of Tourist Development in scarcely developed locations and new tourist sites in provinces and places of great potential, and the establishment of an Official Tourist Promotion Fund.

Download:
Law No. 158-01 36k (PDF)

English Translation 39K (PDF)

Cap Cana Video

Find out how you can invest today!

Tel: +1-809-669-3049 : info@classicalcapcana.com