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Security, stability and profitability are the criterias, which
should be considered with each investment decision.
Guido Perdomo was born in Santiago, Dominican Republic. He
is a Lawyer and a graduate of Pontificia Universidad
Católica Madre y Maestra Law School, year 1985. He
has also attended Harvard Law School in Boston. Mr.
Perdomo provides the necessary legal assistance required for
real estate transactions as well as residence visas, incorporation
of companies and many other legal services. He is fluent in
both English and French. Guido Perdomo is married and has
three children.
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In the Dominican Republic foreigners
can easily purchase property. Owners may choose
to title the property in their personal name or in
their Dominican company name. Usually the funds for
property purchase are deposited by the buyer via electronic
bank transfer or check to the trust account
of the notary. The funds are then transferred to the
seller from the trust account of the notary after
the title is cleared.
Upon completion of the money transactions, the title
is transferred to the name of the buyer or the company
and registered with the registrar of titles in the
Dominican Republic.
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In the event of the owner’s death, property owned in
the Dominican Republic will automatically become the property
of the owner’s named beneficiaries. There is a
one time transfer tax of 5% of the purchase price of the property.
The attorney fees are an additional 1% of the purchase price.
Residency is not required to buy property in the Dominican
Republic, however, our attorney will be happy to assist
you in obtaining residency if desired. Requiring about 4 months
to complete, the residency process is not difficult and is
very affordable.
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