Are foreigners allowed to own property in Dominican Rep?
When we asked expats in Dominican Rep if foreigners are allowed to own property, they answered...
"Yes, foreigners are allowed to own property in the Dominican Republic. The Dominican Republic has a law that allows foreign citizens to purchase and own real estate in the country. The law also allows foreign citizens to obtain a mortgage from a local bank to finance the purchase of a property. In order to purchase a property, foreign citizens must obtain a residency permit, which can be done through a local lawyer or a real estate agency. Once the residency permit is obtained, the foreign citizen can then purchase the property and obtain the necessary documents to register the property in their name," commented one expat who made the move to Dominican Rep.
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Are foreigners allowed to own property in Dominican Rep?
If you live in the Dominican Republic, newcomers to the Dominican Republic would love to hear your answer to this question:
