Investors – Cabarete Beachfront development land, Incredible location for luxury development
Available on request
One catalogue image. Media provenance, current condition and usage rights are confirmed before an introduction.
The reason to consider it.
Invest in Cabarete located on the North Coast of the Dominican Republic! This unique land is a stunning 50-hectare (123 acres) oceanfront site that includes 450 meters(1476 sq ft) of wide beach and 200 meters(656 sq ft) of rock frontage and is one of the largest undeveloped properties in the region. This development promises to become the most Exclusive Community on the North Coast. It is sold as a package with design guidelines already finished, but the buyer also has the option to freely develop this land as he wishes. Excellent property for exclusive hotel and resort living, luxury development with a commercial area. Tourism Incentive Act 158-01 has been in place in the Dominican Republic, revolutionizing the investment climate and allowing large volumes of capital to be attracted to tourism sector. A) The incentives for provisional approval are:
- Exemption from the requirement to legally establish the company
- Increase in the share capital
- Property transfer tax (3 percent of the value of the property)
B) Likewise, final approval grants these exemptions: - Income tax for ten years
- National and municipal taxes
- Taxes on construction, plans, etc.
- Taxes on the payment of loan interest
- Reinvestment tax of 20 percent (tax savings on another existing company, for five years)
- Equipment import (exempt from customs taxes, taxes on transfer of industrial goods and services)
- The tax on luxury housing
Last confirmed
- Type
- Land
- Land
- 5,381,955 ft²
- Zoning
- tourism-residential
- Topography
- waterfront
- Road frontage
- 450 m
- Permitted uses
- Single family, Tourism, Boutique hotel, Hotel, Resort, Commercial area
What people say about Dominican Republic
Sources agree on the core of buying in the Dominican Republic: foreigners, including non-residents, can generally own registered property on the same terms as Dominicans, but the buyer's own checks do the protecting.
- Mixed Hire your own independent Dominican lawyer and check the title (and deslinde) yourself
- Concern Pre-construction projects can stall or lapse; deposits and CONFOTUR claims need verifying
- Mixed Closing costs and annual tax: 3% transfer tax, legal fees, IPI above a threshold, CONFOTUR exemptions
- Concern Property managers: fees vary widely and owner experiences are uneven
The asking price is not what it costs.
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