Can foreigners buy and own property in the Dominican Republic?

Yes, foreigners can buy property in the Dominican Republic, and they have the same rights as Dominican citizens in terms of property ownership. There are no restrictions based on nationality or residency status when it comes to buying, selling, or owning real estate in the country. There are no specific limits on the amount of property a foreigner can own. These rights are protected under the Dominican constitution and enforced by the Land Registry Law. Foreigners can own a property outright, whether residential, commercial, or agricultural.

There exist some minimal restrictions:

1. Border Zones (60 Kilometers from International Borders):
   Foreigners are not permitted to acquire land within 60 kilometers (approximately 37 miles) of the country’s international borders without prior presidential authorization. This is established under Law No. 305, which is intended to protect national security in border areas.
2. Coastal Zones (First 60 Meters from Shoreline):
   The first 60 meters from the high tide line along the coastline are public domain (terreno del Estado) and cannot be privately owned by Dominicans or foreigners. This area is reserved for public use and regulated by the state. Ownership is permitted beyond this zone, subject to zoning and environmental regulations.
3. Protected Environmental Areas and National Parks:
   Lands located within national parks, ecological reserves, or protected zones are governed by Law 64-00 (General Law on Environment and Natural Resources). These areas are protected to preserve biodiversity and are not available for private ownership or commercial development, either for Dominicans or for foreigners.

Inheritance and Ownership Laws

• There are no legal restrictions preventing foreigners from inheriting property in the Dominican Republic.
• However, inheritance is governed by a “forced heirship” system, meaning a portion of the estate must be allocated to specific heirs, typically close family members, as mandated by law.

Mortgage Opportunities for Foreigners

• Non-residents are eligible to apply for mortgages from Dominican banks.
• Typical Loan-to-Value (LTV) ratios range from 50% to 70%.
• Interest rates generally fall between 8% and 13%, with loan terms available for up to 25 years.
• To qualify, the property must be titled and fully built.

Why the Dominican Republic Appeals to Foreign Investors

The Dominican Republic is widely recognized as one of the most foreign-investor-friendly countries in the world. With full property ownership rights, access to local financing, and minimal ownership restrictions, it presents an ideal environment for real estate investment. Whether you’re seeking a vacation home, commercial property, or agricultural land, the DR offers a compelling mix of legal clarity, accessibility, and growth potential.