The Dominican Republic, discovered by Columbus and his crew in 1493, is the Caribbean but so much more than beaches and turquoise waters. It is a melting pot with an eclectic population and a diverse history formed by Afro-Antillean, European, North American, and Latin cultures. This large, still affordable island paradise also boasts a variety in nature not found anywhere else in the region, and has a lot to offer and a long history of welcoming foreigners.
What sets this country apart from other Caribbean islands and nations is its more sophisticated lifestyle—one that is strongly European. Santo Domingo, the oldest permanent settlement in the New World, boasts some impressive colonial architecture, along with modern shopping options, theaters, museums, and stadiums. It’s the best of island living with the opportunity to take in an opera, go to the game, get in a round of golf, or indulge in some relaxing therapy.
The Dominican Republic enjoys a tropical maritime climate. Most of the country enjoys beautiful weather all year round, with the average annual temperature hovering around 80°F.
The country makes establishing residency easy, and the country embraces—even rewards through incentives—foreign investors. In addition, residents can work here. Recent infrastructural developments mean it has never been safer or easier for foreign retirees and investors to settle down.The five main highways in the Dominican Republic are well paved and maintained and connect all of the major cities to the coastal tourist zones.
Residency in the Dominican Republic incentivizes foreign residents, retirees, and investors. The permanent residency permit is valid for two years. After two years of holding the permanent residency permit, you may apply for Dominican citizenship, become formally naturalized, and obtain a Dominican Passport.
The real estate market in the Dominican Republic is safer than it has ever been.Titles everywhere have been put in order. Clear procedures exist—and are being followed—for the purchase of real estate. With rapidly growing infrastructure (highways and subways) and tourism drivers (cruise ports, resorts, and more) real estate in the Dominican Republic is bound to flourish. There are no restrictions on foreigners owning property. The buying process is very simple : after a verbal agreement is reached by the buyer and seller on the price, and a binding Promise of Sale is prepared by an attorney or notary public which is signed by both parties.
Prime Real Estate is focused on the East Coast and South Coast of the island.
These areas are also the favourite hot spots of the tourism industry. Our company is focused on the sale of properties at Casa de Campo, Cap Cana, and Puntacana Resort and Club.
Depending on your personal taste and investment purpose, we can help you find the best opportunity. If you are interested in visiting the Dominican Republic on an inspection trip, please do not hesitate to contact us at i[email protected]
It will be our pleasure to organize your trip, show you around, and guide you through the several sites. Also we will assist you getting any legal advise you might need.