CONFOTUR for Developers.
Significant Tax Savings, Boosted Competitive Edge, or Enhance Project Profitability are just some of the great benefits of CONFOTUR Law.
Significant Tax Savings, Boosted Competitive Edge, or Enhance Project Profitability are just some of the great benefits of CONFOTUR Law.
When it comes to real estate opportunities in the Dominican Republic, the CONFOTUR law stands out as a game-changer for developers and retirees alike. Whether you’re looking to launch a luxury development or settle into retirement in this paradise island, CONFOTUR offers significant financial and legal benefits to make your investment more appealing and profitable.
We made this short guide with everything you need to know about CONFOTUR, simplified for easy understanding.
CONFOTUR (“Ley No. 158-01, de Fomento al Desarrollo Turístico”) is a legal framework enacted by the Dominican Republic to promote tourism-related investment. It basically provides tax incentives and legal benefits to projects that qualify as tourism-related. This includes real estate developments such as hotels, resorts, vacation homes, and even residential projects in designated tourism zones.
The CONFOTUR law is a cornerstone of investment success in the Dominican Republic, offering unparalleled advantages for both developers and retirees. From tax savings to enhanced market appeal, the benefits of CONFOTUR make it an essential tool for anyone looking to capitalize on the country’s booming real estate market. Here’s a closer look at the key ways CONFOTUR can transform your investment experience.
1. Significant Tax Incentives:
• Income Tax Exemption: Developers and investors can benefit from up to 15 years of exemption from corporate income taxes, significantly reducing operational costs.
• Property Transfer Tax Exemption: Buyers of CONFOTUR-approved properties are exempt from paying the 3% property transfer tax.
• Import Duty Exemption: Materials, equipment, and furniture imported for construction or furnishing CONFOTUR-approved properties are exempt from customs duties.
• Property Tax (IPI) Exemption: Properties under CONFOTUR are exempt from the annual property tax (1% of property value) during the tax incentive period.
2. Boosted Market Appeal
Projects with CONFOTUR approval are more attractive to both domestic and international buyers. These tax exemptions make the properties less expensive to own and operate, creating a competitive edge and advantage in the luxury or tourism markets.
3. Enhanced Legal Protections
CONFOTUR-certified developments are backed by government approval, ensuring due diligence and compliance with tourism-related investment laws. This gives both developers, investors and retirees peace of mind, knowing their investment is properly certified.
For developers, CONFOTUR is a powerful tool to increase profitability, streamline project costs, and attract more investors. By reducing tax burdens, you can reinvest savings into project expansions, marketing, or premium amenities that enhance your development’s value. Additionally, the exemption from import duties enables access to higher-quality materials and equipment without inflating costs.
CONFOTUR allows you to appeal to a global market of investors and buyers who prioritize affordability and legal security when purchasing real estate abroad. By aligning your projects with CONFOTUR guidelines, you’re not just building properties—you’re creating opportunities.
For entrepreneurs, investors and retirees dreaming of a home in paradise, CONFOTUR-approved properties are the smart choice. The tax exemptions mean lower purchase costs and no ongoing property taxes for years, reducing the financial burden of retirement. Whether you’re seeking a tranquil beachfront villa or a community within a vibrant tourism zone, CONFOTUR properties offer high-quality living in some of the Dominican Republic’s most desirable locations.
CONFOTUR is more than just a law—it’s a pathway to opportunity. It’s a chance to build profitable, competitive projects that attract a global audience, or a way to live the Caribbean dream with fewer financial worries. Whether you’re breaking ground on a new development or purchasing your forever home, understanding and leveraging CONFOTUR is the key to success in the Dominican Republic’s thriving real estate market.
Navigating CONFOTUR’s application process and legal framework can be complex. This is where working with seasoned legal and real estate professionals like us can make all the difference. From assisting developers with project submissions to guiding investors and retirees in finding CONFOTUR-certified homes, our legal experts are here to help you.
As specialized lawyers, we understand the intricacies of CONFOTUR laws and requirements.
We work closely with developers and public institutions to align your project’s goals with CONFOTUR benefits.
From initial eligibility analysis to approval, we handle the process efficiently, saving you time and money.
To benefit from a 100% Tax Exception and Much More based on the CONFOTUR law.