CONFOTUR is the Dominican tourism incentive law. For buyers, it can mean real savings on the taxes and yearly costs of owning property in an approved development, but the benefit is tied to the project, not to you personally.
What the incentive covers
In an approved CONFOTUR project, buyers can be exempt from the transfer tax normally due at closing, and from the annual property tax (IPI) for a set number of years.
That transfer tax is usually 3% of the registered value, so on a larger purchase the saving at closing alone is meaningful.
The benefit follows the project
CONFOTUR status is granted to a specific development, not to a buyer. Before you count on the exemption, confirm the project actually holds a valid CONFOTUR resolution and that your unit is inside its scope.
We ask for the resolution and check it, because "CONFOTUR approved" is sometimes used loosely in marketing.
How to structure the purchase
Whether you buy in your own name or through a company depends on your plans: rental income, resale, estate planning, and your home country tax situation all matter. There isn't one answer that fits everyone.
We walk through the trade-offs with you first, so the ownership structure fits both the incentive and what you actually intend to do with the property.
Have a question about your own situation? Clarissa can walk you through it directly, in Spanish, English, or French.
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