The Department of Tourism slogan “Dominican Republic has it all” describes it best! A paradise that offers more than just white sand beaches and crystal clear waters, the Dominican Republic guarantees to have something for everyone. Its culture, food, people, music, and diverse topography always keeps visitors coming back. The economy has recovered and exceeded pre pandemic numbers, and has been recognized by world leaders from all over the globe for its recovery.
Economic Growth + Full COVID Recovery
“Over the past 25 years, the Dominican Republic (DR) has experienced a remarkable period of robust economic growth. The economy expanded by an average of 5.3 percent in 2000–19, driven primarily by capital accumulation and total factor productivity growth.
The economy recovered strongly in 2021, with GDP rebounding by 12.3 percent, supported by a solid policy response to COVID-19, including fiscal, macro-prudential and supervisory policies, and monetary easing. Tourism, remittances, foreign direct investment, mining revenues, free-trade zones, and telecommunications have helped make the DR the second fastest growing economy in LAC over the last decade, and as of 2019 the country was on track to realize its ambition of achieving high-income status by 2030.” –
Established in 1996, Dominican “Confotur” Ley 158-01 was designed to help boost development in potential tourist areas whether it be a new or existing destination. The Confotur designation is not applied to all projects, only ones approved by the government.
- Transfer and Property Tax- Exempt from 3% transfer tax as well as paying 1% over the tax base amount ($150,000)
- Income Tax- Exempt from paying 20% income tax rental on rental income received
Easy Accesibility & Investment Opportunities
Short Term Rental Income Potential
The Dominican economy doesn’t seem to be slowing down, with GDP rebounding by 12.3%, supported by a solid policy response to COVID-19. Investors from all over the world have embarked on the Dominican Republic to invest, even creating a new term on the island, “Real Estate Tourism”. Short Term Rentals such as Airbnb have become popular investments for foreigners due to the rental income and cash flow produced. Visit our Property Management link to learn more about the benefits of partnering with us.
Learn more: https://capellimon.com/real-estate/