The Dominican Republic is emerging as the jewel of
PUNTA CANA (playa Bávaro) Dominican Republic
The Dominican Republic is emerging as the jewel
of the Caribbean
At first sight
For those who are looking for a solid investment combined with
wellbeing and a fantastic lifestyle,The Larimar Golf Resort unites
all of these ingredients:
A HIGH REVALUATION OF YOUR INVESTMENT
The value of the Real Estate in the Dominican Republic is growing at this
moment by 15% - 20% annually. What is more, the prices are extremely
competitive and attractive when compared with other islands in the
Caribbean, where real estate prices are at very high levels and out of reach
to most people.
The white dazzling sandy beaches, the most important five star resorts, the
wonderful climate gives Punta Cana a promising future, making it attractive
to investors the world over. For example investors such as Donald Trump,
Bill Clinton and Jack Nicklaus are already established there.
It is possible to finance the property with a minimum of 70% of it's value,
with well known international banks, with very attractive guaranties and
Larimar Golf Resort has the finest and best leisure installations of all of the
projects in Playa Bavaro, refresh yourself in the community pools complete
with bar, relax in the spa, tone up in the gimnasium and take the sun on
the white sandy beach...these are some of the many ways of enjoying the
leisure installations , specifically designed for the enjoyment and wellbeing
of the client.
Larimar Golf Resort guarantees the rent of your property for the first three
years, with an annual return of 5%. Considering the high tourist demand
of the area, the income from renting is a good option on your investment.
After three years it is possible to renew your renting agreement for a further
five years of guaranteed return.
ADVANTAGES OF EXCHANGE RATES
The prices of Larimar Golf Resort are fixed on the American dollar, which
at the moment is most advantageous to the European investor.
N OF INTERE
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Area: 48.730 km
Time: GMT -4
Is in the extreme east of the Dominican
Republic one will find Punta Cana, with it's
white sandy beaches bordered with crystal
clear waters which, without doubt, makes
it the most spectacular place on the island.
With its most precious countryside, its
amiable population and it's extraordinary
climate makes Punta Cana the ideal destination to relax and
spend ones free time.
Situated only fifteen minutes from the Punta Cana
InternationalAirport, adjoining the magnificent beaches of Bavaro,
LARIMAR GOLF RESORT offers first class residential tourism, with
all kind of services and facilities within the prestigious campus of
the White Sands Golf and Beach resort ,one of the most luxurious
destinations on the island of the Dominican Republic.
Our exclusive two and three bedroomed apartments have the
highest interior finish which have been designed specifically to
give luxury and comfort to the most demanding tastes. Each one
of the homes offers a combination of luxury and comfort.
The owners of the LARIMAR GOLF RESORT can enjoy the
following benefits and priviledges:
Only 1,000$ per year for the whole family.
Green fee for only 25$
25% Discount on golf classes, hiring of equipment and
also important discounts in the Pro-Shop,
Casa Club and Beach Club
25% Discount on a Day Pass and a Night Pass at the Ocean
Blue Hotel, which offers a private beach,gymasium, sauna y
spa, diving and multisport activities.
WHY INVEST IN THE DOMINICAN REPUBLIC?
The foreign investor has protected rights toincentive
The island is strategically located.
It has political and economic stability.
Occupation is, on average, over 80%
Consolidated legal framework for foreign investment.
Modern travel infrastructure (airports,ports and
The most advanced telecommunications system in the
A tropical climate and quality lifestyle.
A country in process of modernisation to strengthen
Free trade with: CARICOM, CENTRAL AMERICA,
ASSOCIATION OF CARIBBEAN STATES, PANAMA, USA,
WHY INVEST IN PUNTA CANA?
It is one of the tourist destinations with the most
rapid growth rate in the world.
Punta Cana receives 51% of all tourists visiting the
Punta Cana is experiencing a great push to modernise
it's infrastructures and communications.
Donald Trump, Jack Nicklaus and Bill Clinton have
already selected Punta Cana in which to make
It is know to have the best beaches and the clearest
crystaline waters in the Dominican Republic.
It has great worldwide attraction for Europeans,
Northamericans, Canadians and Russians.
Turism in Punta Cana will see an annual growth
rate of 3.5% over the next 10 years.
The large international hotel chains, like Ritz-Carlton,
Sotogrande, Sol Melia Group, Trump, already are
or will shortly be present in Punta Cana.
LARIMAR GOLF RESORT offers to all of it's residents all the facilities and
conditions of security and enjoyment for the whole family.
It's design and it's community areas puts it a step ahead in the property
development of the area.
The competitive prices, excellent payment facilities, guaranteed renting
returns with complete tax exemption make the LARIMAR GOLF RESORT the
perfect foreign investment.
1 RECEPTION / ADMINISTRATION
2 RESTAURANT / SNACK BAR
3 SPA / GYMNASIUM
5 HYDROMASSAGE BEACHES
4 MAIN SWIMMING POOL
6 CHILL-OUT SOLARIUMS
7 COMMUNITARY COVERED WALK-WAY
8 PARKING WITH 170 PLACES
9 ACCESS TO COVERED PARKING – 57 PLACES
10 ADMINISTRATION / OFFICES
85 sqm - 2 bedrooms
190 sqm - 3 bedrooms
Industrial concrete blocks
Imported Arab roof tiles
Northamerican cement base waterproofing
Roof ends,cornises and soffits in plaster
Aged nacional travertino marble floors
Kitchen, bathroom floors and external terraces
in first class gres tiles
Imported ceramic tiles for kitchen finishings
Bathrooms tiled in natural coralina stone
Electrical switches etc Bticino Modus or similar
Sanitary ware Sadosa Standard or similar.
Doors and cupboards etc in natural andiroba
Door and cabinet furniture finishings in stainless steel
Marbella stlye windows in clear or dark lacquered
aluminum, and simple clear glass
Kitchen worktops in natural granite
Bath tops in natural marble.
External colour lacquered metal railings
Electric immersion heater
Superior acrilic matte paint
Split type airconditioning units type Lennox or similar
fitted in all areas
Shower cabinet complete with base and safety glass.
Caml or similar brand.
Chrome-finished bathroom accessories
Chrome taps and fittings in chrome
Imported flexible tubing
Waste and drain tubing made of PVC and CPVC
Gardens with illuminated and installed irrigation system
Community pool for all of the phases
Restaurants,gymnasium,spa and massage area
190.000$ 209.000$ 229.900$ 252.890$ 278.179$
CAPITAL GAIN 15% (estimated average)
GARANTEED RENTAL FOR 12 MONTHS
VALUE OF APARTMENT INCLUDING CAPITAL GAIN 218.600$ 239.500$ 262.490$ 288.979$ 316.796,9$
RETURN ON INVESTMENT OVER THE PERIOD
Services and facilities
The International Airport of Punta Cana offers customs facilities, medical
services, tax-free area, snack bar, bank, telephone, car rental and tourism office.
Electricity is supplied by the Consorcio Energético Punta Cana (CEPM); it is not
necessary to use voltage converters in Larimar Golf Village.
Punta Cana has good communication facilities mainly by telephone and internet,
supplied by different local companies (Orange, Verizon and Tricom)
There are local TV channels, satellite and cable TV, as well as private mail
and courier services, which in Punta Cana are provided by UPS, Federal
Express and DHL.
Safety, fire brigades and medical services
Larimar Golf Village has a 24 hours vigilance service provided by “White Sands
Golf & Beach Resort”, as well as Politur detachment, placed in the center of
Bavaro. As well the fire brigade is placed in the International Airport of Punta
Cana. “Hospiten Bavaro” is the most modern health center in the area, placed
at 20 minutes from Larimar Golf Village. It has high standards according to
international health rules.
Schools in Dominican Republic are based in American and Spanish education
systems. At present, you will find Centro Educacional Punta Cana and El Jardín
Verde, both with bilingual education system, and a complete program for
primary and high school given by highly qualified teachers.
FREQUENTLY ASKED QUESTIONS REGARDING THE DOMINICAN REPUBLIC
Are there any restrictions to foreign investment in the Dominican Republic?
Since the adoption of Law 16-95 on Foreign Investment, which creates an attractive legal framework
to foreign investors in order to promote the flow of capitals to the country, there are no restrictions
to foreign investment in the Dominican Republic. This law sets forth the principle of equal treatment
between national and foreign investments, abolishing most of the existing prohibitions and restrictions.
Can foreign investors freely repatriate their profits and investment abroad?
Under Law 16-95 on Foreign Investment, upon compliance with a simple registration formality at the
Dominican Central Bank, foreign investors may repatriate abroad at any time in freely convertible
currency all their capital invested and all of the profits obtained there from. Foreign investors may
purchase freely from any commercial bank in the country the foreign currency needed to do so
without any restrictions and without the need of prior approval from the Dominican Central Bank.
Real Estate Property
Are there any restrictions to the purchase of real estate property by foreigners in the
The acquisition of real estate property rights by foreigners is not subject to any special conditions or
requirements, thus falling under the same legal regime applicable to Dominican nationals.
How much tax has to be paid for the transfer of real property in the Dominican Republic?
The transfer of real estate property is subject to the payment of the following taxes and duties:
(i) 4% of the purchase price;
(ii) 12% of (i);
(iii) in s
(iv) Stamps for purchase price/1,000 x 2.
What is the income tax rate in the Dominican Republic and how is it applied?
The corporate income tax rate is currently 25% on the taxable income of each fiscal year. This tax
must be withheld at a corporate level from the dividends paid by the company. As to individuals, the
tax rate increases in proportion to the income, the highest rate coinciding with the corporate rate
of 25%. The employer must withhold this tax from the salary paid to the employee. Payments made
abroad are also subject to a 25% income tax, to be withheld by the Dominican party. Interests owed
to foreign financial institutions are taxed with a lower rate of 5%. A 10% tax rate applies to income
obtained in the course of business activities, such as fees, commissions, etc., which has to be withheld
by the person or company making the payment.
Are foreign persons and/or companies taxed under Dominican fiscal laws?
Foreigners are only required to pay tax on income of Dominican origin and, after the third year of
residence in the country, also on income of foreign source. Branches of foreign companies are given
the same tax treatment as Dominican companies.
What is the VAT rate in the Dominican Republic and how is this tax applied?
The Dominican equivalent of the VAT is the ITBIS, which applies to (i) the transfer of industrialized
goods, calculated on the net transfer price plus accessory services, (ii) the import of industrialized
goods, calculated on the CIF value of the goods plus custom duties, and (iii) the provision and lease
of services, calculated on the value of service excluding mandatory tips. The ITBIS rate is currently
12%. Advertising services are taxed with a lower rate of 6%.
Is there a special tax for luxury products in the Dominican Republic?
The Selective Consumption Tax applies to the transfer of certain goods manufactured in the country,
to the import of certain products and to the provision of certain services. Examples of these goods
and services are alcohol and tobacco derivatives, vehicles, jewellery, certain home appliances, hotel
rooms, etc. The tax rate ranges from 5% to 80% and is payable monthly. Law 146-00 established a
selective tax to vehicles, which ranges form 15% to 80% depending on the CIF value of the vehicle.
What are the main laws that regulate tourist activities in the Dominican Republic?
Tourist activities fall under the jurisdiction of the Ministry of Tourism, which has adopted the following
rules to regulate the main tourist related businesses:
• Rule 2115 on Classification and Norms for Hotels
•Rule 2116 on Classification and Norms for Restaurants
• Rule 2117 on Car Rentals
• Rule 2122 on Travel Agencies
• Rule 2123 on Gift Shops
Pursuant to Law 351 of 1964, as amended by Decree 3326 of 1978 and Law 96 of 1988, casinos are
also subject to the supervision of the Ministry of Tourism.
Are there any incentives to tourist activities in the Dominican Republic?
The Dominican Tax Code provides that private investors wishing to participate in the tourist sector
may obtain tax exemptions through the signature of special agreements with the Executive Power,
upon authorization of the National Congress. Furthermore, tourist projects may be eligible to benefit
from the credit facilities granted by international financing institutions such as the World Bank, the
Inter American Development Bank and the European Investment Bank, tourism being one of the
sectors considered to be important for the development of the national economy.
How safe is it to invest in the Dominican Republic?
In recent years, The Dominican Republic has seen the highest economic growth rate within all of Latin
America and as a result it is becoming a favourite hot spot for international investors. The country
maintains a fantastic reputation for safety as well as hospitality and service from its people. Here you
can find all modern day amenities, set within a beautifully moderate tropical climate, superb beaches,
and luscious forests.
What documents will I need to purchase property in the Dominican Republic?
Two forms containing official photo ID, one of which being your passport.
If you are planning to obtain finance for the property you will need:
• Copies of your last year’s income tax returns.
• Documents of other sources of income, e.g. savings and check account statements, outstanding
debts or proof of on time payments. Show anything you can that will prove your solvency.
What rental potential is there in the resort?
Due to a hugely successful tourist industry, rental returns are easily achievable. Tourists are increasingly
demanding better standards of accommodation and this has been recognized by the major tour
operators who seek luxury properties for their clients. There is still a strong demand for the island’s
few upmarket properties, which is good news for property owners wishing to obtain rental returns
from their investment.
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FOR FURTHER INFORMATION
Rambla Nova, 108 2o 1a
43001 Tarragona España
+34 902 107 613
Carretera de El Cortecito / Plaza Artística
Bávaro - República Dominicana
Tel. 00 1 809 552 6914 / 00 1 829 727 4305