RoCamilo
American looking for information about Dominican Republic
Forum posts
37
About me
American
Registration: 15 October 2021
HELP: Met someone in the DR and I don't know what his intentions are by travellinglady1429
Hello to everyone,This is my first time posting on a forum, desperate measures as I scour the internet to find out whether the intentions of the man I met in the DR are authentic or not.聽I vacationed to Punta Cana with a friend of mine about 3 ...
You seem to be a smart young lady. Listen to the advice given here. There is a very very small chance he is a good guy and has good intentions. I would not risk being played and hurt for that small chance. I was born and raised in DR. As the ... Read More
The CONFOTUR LAW and its benefits by Kat11
When looking in Punta Cana at New Villas or condos there is a law that applies...the CONFOTUR Law No.158-01 which is "Promotion of Tourism". The law is aimed at projects in tourist real estate destinations in order to encourage tourism in ...
The management company excluded rental income taxes from my gains this time after I raised the question. It was the first distribution since they started managing properties. My attorney at Guzm谩n Ariza insists that rental income is tax ... Read More
The CONFOTUR LAW and its benefits by Kat11
When looking in Punta Cana at New Villas or condos there is a law that applies...the CONFOTUR Law No.158-01 which is "Promotion of Tourism". The law is aimed at projects in tourist real estate destinations in order to encourage tourism in ...
@lennoxnev. Thanks for sharing this info. This doesn't reference rental income but the Confotur website does. My attorney is from Guzm谩n Ariza and he is sure about the rental income exception. I will continue to share info as I get it. Read More
The CONFOTUR LAW and its benefits by Kat11
When looking in Punta Cana at New Villas or condos there is a law that applies...the CONFOTUR Law No.158-01 which is "Promotion of Tourism". The law is aimed at projects in tourist real estate destinations in order to encourage tourism in ...
@rfmaurone. Yes, I am the first owner. Spoke to my attorney again today and he insists I don't have to pay rental income tax for the first 15 years. I forwarded the information to the property mgmt company. They have never dealt with a confotur ... Read More
The CONFOTUR LAW and its benefits by Kat11
When looking in Punta Cana at New Villas or condos there is a law that applies...the CONFOTUR Law No.158-01 which is "Promotion of Tourism". The law is aimed at projects in tourist real estate destinations in order to encourage tourism in ...
Thanks! I have been looking into this as I had been told by my attorney when I purchased the apt that there would be no rental income tax for the first 15 years after the constructions was completed, but now the property mgmt company is telling me ... Read More
The CONFOTUR LAW and its benefits by Kat11
When looking in Punta Cana at New Villas or condos there is a law that applies...the CONFOTUR Law No.158-01 which is "Promotion of Tourism". The law is aimed at projects in tourist real estate destinations in order to encourage tourism in ...
Hi everyone! Does anyone know if the Confotur law also waves taxes on rental income for the first 15 years? Or does it only apply to property taxes for 15 years? Read More
Buying property or a home in DR by K Johnson III
So I was reading the topic ( how to obtain a bank account) if you don鈥檛 have a back account, how can or what is the process to purchase a home or property??? Cash . Lol cashier check please inform me
The attorney I used (Guzm谩n Ariza) has a US bank account so I was able to send a wire transfers directly to them with the payments. Never had any problems. Read More
ROOMMATE WANTED -- PUNTA CANA by Rachel Cruz
LOOKING FOR A ROOMMATE!!! Cocotal - Bavaro/Punta Cana$450 USD monthly payment Fully furnished 2 bedroom, 2 bathroom Internet and cable included ***I have a cat
Get ready, you will be getting lots of messages from secret admirers! Read More
Is it difficult to rent your investment property? by MOMOS22
Has anyone purchased a real estate investment property and tried to lease it out?
@windeguy...thanks for your response. Precisely because of what you stated is why I started my question with "based on your experience." Income/expenses depend on a very long list of factors and the pandemic has made that list even longer. Read More
Is it difficult to rent your investment property? by MOMOS22
Has anyone purchased a real estate investment property and tried to lease it out?
@ddmcghee...based on your experience, what is a reasonable yearly profit to be expected from a 2/2 in last Terrenas? Read More
Cost of living in Dominican Republic in 2022 by Cheryl
Hi everyone, Two years after the start of the pandemic, it is time to take stock of the evolution of the cost of living in Dominican Republic or more specifically, in the region where you live. The idea is to help people get ready for their ...
This is so helpful. Planner, thanks so so much for all the details and insight. You have mentioned in the past you own a company. What type of business is it if you don't mind sharing? Ro Read More
Insurance for Investment Properties in DR by Burgs
hi all, Hoping someone might be able to help us. My husband and I fell in love with Las Terrenas on a recent visit and are now thinking of buying a condo to use as an investment property until we are ready to retire in a few years, and the use the ...
We purchased a property in Las Terrenas and the developer formed a management company and all apartments that want to participate in the pool rental can do so. They manage everything, including getting insurance for the property. I bought directly ... Read More
Real Estate Lawyer in Punta Cana by vbizDR
Looking for suggestions for real estate law firm in Punta Cana. Also would appreciate any clarifications on the process of opening up DR holding Company and opening up banking account. Anybody here had experience with that?
I second Guzm谩n Ariza . Very reputable law firm. Read More
Hiring a REPUTABLE Lawyer by GuestPoster306
With all the legalities in purchasing property, even conducting personal business, what is the best way to be certain in hiring a lawyer you can trust? Is there a trusted online website based on location advertising legal services? Already leery of ...
We also used the Guzm谩n Ariza firm (Vladimir Alonzo) and had a good experience overall. They are definitely not the cheapest but are very reputable. Read More
Buying furniture in Dominican republic by Bettyboopy
Does anyone know if furniture is expensive in Dominican? Bedroom living room set and fridge and Stive plus washer spinner. Need a good place to go buy these items. Would appreciate any responses. Puerto plata area in the city. Thank you!!
What about outdoor furniture? Can anyone please provide some store names (with websites, as I'm not in DR) that would ship to Las Terrenas? Read More
Salami - A Staple Food in the Dominican Diet by Guest2022
Anybody who has lived in the Dominican Republic will know salami is a staple food and in the basket of groceries (canasta) used to assess food inflation. It is prominently displayed in sections of supermarkets and colmados. But it is a processed ...
Thanks planner! And you are right, it is hard for people to change bad habits. Smokers are a perfect example. Read More
Salami - A Staple Food in the Dominican Diet by Guest2022
Anybody who has lived in the Dominican Republic will know salami is a staple food and in the basket of groceries (canasta) used to assess food inflation. It is prominently displayed in sections of supermarkets and colmados. But it is a processed ...
Thanks! My uncle is heading to Colombia next week to get surgery. We pray he will recover but we know it is a very invasive type of cancer. He has decided not to do chemo. We will see what happens. I hope this brings awareness to family and friends. Read More
Salami - A Staple Food in the Dominican Diet by Guest2022
Anybody who has lived in the Dominican Republic will know salami is a staple food and in the basket of groceries (canasta) used to assess food inflation. It is prominently displayed in sections of supermarkets and colmados. But it is a processed ...
Thanks for sharing this information. I grew up eating salami and I just hope the lifestyle changes I have made in the last 20 years are enough to not be affected by what I ate as a child. My very very healthy uncle was diagnosed with stomach cancer ... Read More
New members of the Dominican Republic forum, introduce yourselves here - 2021 by Julien
Hi all, Newbie on the Dominican Republic forum? Don't know how to start? This thread is for you ;) We invite you to introduce yourself on this topic, to share with us your expat story if you are already living in the country, or to tell ...
Thanks Planner!!! Read More
New members of the Dominican Republic forum, introduce yourselves here - 2021 by Julien
Hi all, Newbie on the Dominican Republic forum? Don't know how to start? This thread is for you ;) We invite you to introduce yourself on this topic, to share with us your expat story if you are already living in the country, or to tell ...
Hi! My name is Rose! I'm originally from the island. Left about 20 years ago. I live with my family in Queens, NY. We purchased an apartment in Las Terrenas, which we will be renting out (hoping it pays itself...fingers crossed). We are still a ... Read More
Boca Chica???? by Jgolak
Hi all! As some of you may know, my wife and I just spent two months+ in Punta Cana and loved it. We are looking at going to the north coast (Sosua/Cabarete) for at least a month in January. We also met a great couple in PC that are going to Boca ...
I grew up very close to Boca Chica. Even though I left the country 20 years ago and things might have changed, I have gone back to visit and it is not a place where I would move. After careful evaluation, we selected Las Terrenas instead. Read More
Bringing Household Items to DR in December ($3,000 ????) by RoCamilo
Hi everyone! We are from NYC (I actually was born in DR!) and just bought a condo in Las Terrenas. We have to start furnishing soon. We will be buying the big items there but hoping to bring some of the small items with us. I have been looking at ...
Thanks planner!!! Read More
Bringing Household Items to DR in December ($3,000 ????) by RoCamilo
Hi everyone! We are from NYC (I actually was born in DR!) and just bought a condo in Las Terrenas. We have to start furnishing soon. We will be buying the big items there but hoping to bring some of the small items with us. I have been looking at ...
I can no longer edit that comment. I will keep it in mind por future posts. Read More
Bringing Household Items to DR in December ($3,000 ????) by RoCamilo
Hi everyone! We are from NYC (I actually was born in DR!) and just bought a condo in Las Terrenas. We have to start furnishing soon. We will be buying the big items there but hoping to bring some of the small items with us. I have been looking at ...
I will remove. Thanks! Read More
Bringing Household Items to DR in December ($3,000 ????) by RoCamilo
Hi everyone! We are from NYC (I actually was born in DR!) and just bought a condo in Las Terrenas. We have to start furnishing soon. We will be buying the big items there but hoping to bring some of the small items with us. I have been looking at ...
Hi Sharon! Thanks for the info. We live in Queens too!!! My email is ***. If you ever what to chat, feel free to reach out. Read More
Bringing Household Items to DR in December ($3,000 ????) by RoCamilo
Hi everyone! We are from NYC (I actually was born in DR!) and just bought a condo in Las Terrenas. We have to start furnishing soon. We will be buying the big items there but hoping to bring some of the small items with us. I have been looking at ...
Thanks Planner! If you see anything about that decree for Dec 2021 or remember where I found that information. Please post it on this thread. I would really appreciate it!!! Read More
Bringing Household Items to DR in December ($3,000 ????) by RoCamilo
Hi everyone! We are from NYC (I actually was born in DR!) and just bought a condo in Las Terrenas. We have to start furnishing soon. We will be buying the big items there but hoping to bring some of the small items with us. I have been looking at ...
Thanks Arelis. We're not retiring yet. Investing there is our first step towards that goal. For now, we will be renting the apartment we purchased when we're not using it. I just need to bring some kitchen appliances and hopefully 2 small ... Read More
Bringing Household Items to DR in December ($3,000 ????) by RoCamilo
Hi everyone! We are from NYC (I actually was born in DR!) and just bought a condo in Las Terrenas. We have to start furnishing soon. We will be buying the big items there but hoping to bring some of the small items with us. I have been looking at ...
Anyone has any information they can share??? Thanks! Read More
Bringing Household Items to DR in December ($3,000 ????)
Hi everyone! We are from NYC (I actually was born in DR!) and just bought a condo in Las Terrenas. We have to start furnishing soon. We will be buying the big items there but hoping to bring some of the small items with us. I have been looking at ... Read More