DominicanLawyer.org

Legal Fee: US$5,000-20,000 for Properties valued from US$100,000 - US$500,000 Real Estate located anywhere in the Dominican Republic

Real Estate Transfer and Purchase-Sale Agreement

The acquisition or transfer of a real estate property in the Dominican Republic is

available for Dominicans and foreigners. DominicanLawyer.org provides legal

representation services throughout the acquisition and purchase process of real estate

property located in the Dominican Republic.

Upon purchasing or transferring a real estate property in the Dominican Republic

the required documents which grant the rights to the new owner must be filed in the

Title Registry Office. DominicanLawyer.org provides assistance throughout the

complete acquisition process from the drafting of the Purchase- Sale Agreement to

the creation and filing of the new Title Deed under the new owner’s name.

DominicanLawyer.org offers this service for real estate properties valued between

RD$18,000,000/ US$500,000 or below. If you are interested in acquiring a property

valued higher than these amounts contact our attorneys at 809.913-5505

Services Provided by DominicanLawyer.org regarding Acquisition of a Real Estate Property:

1. Title search and investigation of the property’s legal status, in order to determine if it is free of liens and encumbrances.

2. Recommendation of most convenient corporate vehicle for the property acquisition.

3. Drafting and/or reviewing of the Purchase- Sale Agreement.

4. Due diligence regarding necessary steps for the acquisition of the property.

5. All necessary procedures for the transfer of the property and issuance of new Title Deed.

Services Provided by DominicanLawyer.org regarding Sale of a Real Estate Property:

1. Title search and investigation of the property’s legal status, in order to determine if it is free of liens and encumbrances.

2. Assistance throughout the negotiation process, until the closing of the transaction.

3. Drafting or revision of the Purchase-Sale Agreement.

4. Drafting of Powers or General Shareholder Meetings, if required.

5. Renewal, if necessary, of:

Certificación de Activos also known as Impuestos sobre Propiedad Inobiliaria (IPI)

which applies when the owner of the property is a company or legal entity; and,Real

estate property tax declaration also known as Impuesto sobre Viviendas Suntuarias y

los Solares (IVSS), which applies when the owner of the property is a physical

person..

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REQUIRED DOCUMENTS:

If Buyer/ Seller is a Physical Person:

1. Copy of Cédula (Dominican ID card) or complete passport (if foreigner) of the buyer.

2. Copy of Cédula (Dominican ID card) or complete passport (if foreigner) of the seller.

3. Original copy of the Purchase- Sale Agreement duly signed and legally certified, if already drafted.

4. Original Title Deed.

5. Original Tax declaration issued by Dominican tax authorities (DGII) known as Impuesto sobre Viviendas Suntuarias y Solares (IVSS) which specifies the value of the property and applies when the owner of the property is a physical person.

6. Original Dominican tax authority (DGII) receipts that correspond to the two (2) payments of the real estate property tax, payable in March and September of the current year. Applies for properties appraised for more than RD$5,000,000.

7. For those properties appraised by Dominican tax authority (DGII) for less than RD$5,000,000 provide a tax exemption certification issued by the DGII.

If Buyer/ Seller is a Legal Entity:

1. Copy of Cédula (Dominican ID card) or complete passport (if foreigner) of the buyer.

2. Copy of Cédula (Dominican ID card) or complete passport (if foreigner) of the seller.

3. Original copy of the Purchase- Sale Agreement duly signed and legally certified, if already drafted.

4. Original Title Deed.

5. Original Certificación "de Activos" also known as "Impuestos sobre Propiedad Inombiliaria (IPI)" which applies when the owner of the property is a company or legal entity.

6. Original Dominican tax authority (DGII) receipts that correspond to the two (2) payments of the real estate property tax, payable in March and September of the current year. Applies to all properties.

7. Copy of the company’s tax ID number (Registro Nacional del Contribuyente- R.N.C.).

8. Original or certified copy of the General Shareholder Meeting minutes authorizing its representative to sign the Purchase- Sale Agreement.



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by Shirley Bowie Cabarete,DR "As first time buyers in the Dominican Republic, my husband and I were quite nervous about having to deal with a lawyer and the entire process of buying but we were pleasantly surprised at the ability of Ada , DominicanLawyer.org and staff to provide help and answer all of our questions even when we called in the evening at 8:30PM. Thank you ." 

Please call us today with your legal questions, or to schedule an appointment.

866-680-3438