Punta Cana Properties with Zero Tax for 15 Years

CONFOTUR property tax free exemption Punta Cana DR

Are you tired of paying big bucks for property taxes, federal income taxes, and state income taxes? Tax day is just around the corner, and you may be dreading the amount of money you will have to shell out.

What if we told you that you could invest in a property in Punta Cana and avoid paying taxes for the next 15 years? Yes, you read that right! There are properties in Punta Cana that are exempt from property taxes, thanks to the Confotur law. In this article, we’ll explore this law and some of the properties in Punta Cana that are covered by it.

What is the Confotur Law?

The Confotur law is an incentive created by the Dominican Republic government to promote investment in the country’s tourism sector.

Confotur stands for “Confidentiality of Tourist Investments Law” and is a law in the Dominican Republic that provides tax incentives to foreign investors who invest in the country’s tourism sector.

The Confotur law was first enacted in 2005 and was designed to encourage investment in the country’s tourism industry by providing tax exemptions for up to 15 years for eligible projects.

Under “Confotur”, eligible projects include hotels, resorts, and other tourist-related properties, including residential properties that are used for short-term rentals. The law also provides exemptions on the import duties of construction materials and equipment used in eligible projects.

The Confotur law offers tax exemptions for up to 15 years to investors who develop tourism projects in the country. The purpose of this law is to attract more foreign investment and create jobs in the tourism sector, which is one of the Dominican Republic’s main sources of income.

Properties in Punta Cana Covered by the Confotur Law

Several properties in Punta Cana are covered by the Confotur law, offering investors the opportunity to avoid paying property taxes for 15 years. Here is a list with some of the projects that have been approved for the Confotur law in Punta Cana:

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Buying Property in Punta Cana.

Buying property in Punta Cana is relatively straightforward for foreign investors. However, it’s essential to work with a reputable real estate agent who can guide you through the process and ensure that everything is done legally.

Before buying any property, it’s crucial to do your research and understand the market conditions in Punta Cana. You should also consider the location, amenities, and rental potential of any property you’re considering purchasing.

Investing in a property in Punta Cana with zero tax for 15 years is a smart move for anyone looking to make a long-term investment in the tourism industry. With the Confotur law, investors can enjoy tax exemptions for up to 15 years, making it an attractive investment option.

Useful Resources

If you’re interested in buying property in Punta Cana, there are several useful resources you can use to help you get started. The official website of Confotur provides information on the law and eligible projects, remember to contact an attorney in Punta Cana for legal advice.

EXCELLENT
17 reviews on
Michael Cuello
Michael Cuello
2023-03-18
Real Estate Punta Cana (Víctor) is very professional and responsive with your questions/requests. He knows his field and is very knowledgeable of the area which helps you make an informed decision when the time comes. I highly recommend his services.
Luis Tristan
Luis Tristan
2023-02-03
My experience buying in Punta Cana with realtor Victor Matos was the best. It was an easy process and he is always there to assist. He communicates effectively and is forthcoming with all information to help you make your decision in investing in the Dominican Republic. I will use him and his firm for any future real estate ventures.
Leli De Castro
Leli De Castro
2023-01-18
Una excelente agente y una persona muy amable con mucha paciencia, y con mucha clase profesional, que nos dio mucho placer conocerlo.
nicola lubrano
nicola lubrano
2022-12-29
persona amable cortés un caballero realmente, amable y siempre disponible
jUAN SnOW
jUAN SnOW
2022-08-01
Great properties, great people, great experience.
paxton baety
paxton baety
2022-07-09
Victor is the best!! From start to finish he will be there. I was nervous about being in another country, but it was Smooth. He walked me through everything, even things you don't think about, like utilities. He has earned my business and that of all my friends
Anna Sokolowski
Anna Sokolowski
2022-07-05
Victor is a excellent real estate agent. He took us to visit our condo that is currently under construction in Punta Cana. Victor’s professionalism, knowledge, honesty, integrity, and work ethics are greatly appreciated. He made the process run smoothly in accordance with the best lawyer in Punta Cana. I highly recommend Victor to everyone.
Robert Lihalakha
Robert Lihalakha
2022-06-28
Marj Desius
Marj Desius
2022-06-27
Victor is an incredible human / he will go above and beyond for you, you definitely need to work with him. My husband and I are very happy with all of his help getting our house and investing ! I would recommend him anytime.
tony vargas
tony vargas
2022-06-26
El servicio de victor es excellente el te gia a una decision correcta para que compre lo que a ti te combiene ,el saca de su tiempo. Compré con el y lo recomiendo .Gracias victor por tu buen servicio .

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