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Overview The Dominican Republic is an excellent lifestyle choice and has around 9 million inhabitants. It has a strong English community already and the cost of living is very low. The climate is excellent, varying between 20-33 degrees Celsius between winter and summer. The island has stunning beaches as well as coral reefs and many luxurious hotel resorts. A number of golf courses are currently under construction and fishing is also a popular sport. Investor Statistics Capital growth in the Dominican Republic is strong, registering at around 25%. New building projects tend to come with a 2 year building guarantee and there are strict regulations regarding planning and development density. Rental yields average 8-10%. Taxation Alexander Richards would always recommend that you consult a tax specialist regarding your personal circumstances. Capital gains tax is set at 30%, however 1% is deducted per year of ownership, as well as the official inflation rate which is deducted. Rental income is taxed at 10% if the property is personally owned. Financing US Dollar mortgages are available and typical rates are 9%. You can borrow up to 80% of the value of the property on up to 20 years mortgage. Always consult a financial advisor for advice. |
Dominican Republic
