Buying a property in the Dominican Republic as a foreigner can be a straightforward process, as long as you
know the necessary requirements and procedures. Below, we explain the steps you need to follow to buy a
property as a foreigner in the Dominican Republic.
• Get a tax identification number: To buy a property in the Dominican Republic, you will need to obtain a tax
identification number (RNC). This number is used to pay taxes and carry out other legal transactions. To
obtain an RNC, you must present your passport and other relevant documents at the Directorate General of
Internal Taxes (DGII).
• Look for a property: Once you have your RNC, you can start looking for properties in the Dominican
Republic. You can do this through a real estate agent or through a real estate website.
• Make an offer: Once you have found the property you want to buy, you must make a written offer to the
seller. If the seller accepts your offer, a preliminary contract is signed.
• Hire a lawyer: It is advisable to hire a real estate lawyer to review all the legal documents related to the
purchase of the property. The lawyer will ensure that everything is in order and that there are no
irregularities in the process.
• Pay the deposit: After signing the preliminary contract, you must pay a deposit of 10% of the purchase
price. This deposit is paid directly to the seller or their agent.
• Make the final payment: The final payment is made when the lawyer certifies that all the documents are in
order and that the property is free of any charges. The payment is made through a bank transfer.
• Register the property: Finally, the property must be registered with the Directorate General of National
Assets. This will ensure that you are the legal owner of the property.
Buying a property in the Dominican Republic as a foreigner is a straightforward process as long as you know
the necessary requirements and procedures. With an RNC, a real estate lawyer, and proper registration
process, any foreigner can acquire a property in this beautiful country.