Web Analytics Made Easy - Statcounter

The CONFOTUR Law – Tax incentives for investment in the tourist area

31 augustus 2022

Law 158-01 or CONFOTUR Law provides certain tax benefits and incentives for real estate projects, business, and commercial activities to encourage investment in the tourist areas of the country.

Developers and builders benefit from tax incentives for construction materials, which makes spending more efficient and profitable, which in turn translates into better prices for the end user. 

It also offers benefits to the first-time buyer of real estate in a project developed under the Tourism Promotion Law, like most projects in the Dominican Republic’s tourist areas. 

These benefits are:  

  1. Exempt the payment of 3% of the value of the property for the registration and transfer of the property to its name (Transfer Tax on real estate rights).
  2. Exempt the annual payment of 1% of the value of the property Real Estate Property Tax (IPI). The duration of this exemption varies according to the project and is usually between 10 to 15 years.

Contact us to let you know all the advantages for you.

Categorieën: News

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Last items

  • Casa De Campo

    Are you looking for luxury, privacy, space, safety and a  beach & golf environment in the Dominican Republic? Owing a private villa in Casa de Campo will be definitely on your shortlist.   We are proud to offer this 900 M2 5 bedroom private villa with swimming pool and tropical garden build on a 1800…

    Read more »

  • Investment Dominican Republic

    Investment Alert! Located in the Area Sosua / Cabarete we offer this unique opportunity for an investor or developer! Are you looking for an investment opportunity ? this might be a good one for you!     Due to private circumstance the current developer is not able to finish this beautiful and profitable project! Offer:…

    Read more »

  • Real Estate Agent Dominican Republic

    Choosing  the best estate agent in the Dominican Republic.   There are so many estate agents in the Dominican Republic; local, national, and international, small business and big chain companies, with office and online. They all have different strengths, so how do you know which one is going to be the best one for you…

    Read more »

  • Penthouse Bavaro for sale

    Are you interested to buying  or selling  a penthouse in Bavaro  ?   Remax Bavaro   is specialized in penthouses. Your Remax penthouse specialized sales or buyer’s agent knows the market of penthouses in his area better than anybody else, if you are looking for information about M2 prices in specific area of Bavaro   , M2…

    Read more »

  • Penthouse La Romana for sale

    Are you interested to buying  or selling  a penthouse in La Romana?   Remax La Romana is specialized in penthouses. Your Remax penthouse specialized sales or buyer’s agent knows the market of penthouses in his area better than anybody else, if you are looking for information about M2 prices in specific area of La Romana…

    Read more »