Closing fees Dominican Republic

An overview from Real Estate Taxes and Expenses on Transfers from property in the Dominican Republic.

• 3% of the purchase price of the property (as mentioned the sales contract) or the price resulting from the valuation carried out by the DGII, whichever one is higher.
• If the property is purchased by the purchase of company shares, then there is a 1% tax.
• Tax must be paid within six (6) months of signing the sales contract.
• These taxes need to be paid by the buyer

Lawyer/Notary Fees:

• 1 to 1.5% of the purchase price

Summary

• Taxes and fees will vary depending on values.  It is safe to assume 5% of the purchase price for taxes, fees and al legal documentation.