How can I get started with a CONFOTUR-approved investment?

Schedule a consultation with our legal team to evaluate your investment and guide you through the CONFOTUR application process.

How can OCC Lawyers help me secure CONFOTUR benefits?

Our legal and financial team assists with: Preparing and submitting the CONFOTUR application Ensuring compliance with all legal and financial regulations Structuring your investment to maximize tax incentives Handling real estate transactions within CONFOTUR-approved projects

What happens if a project does not comply with CONFOTUR regulations?

Failure to comply with the requirements may result in revocation of tax benefits, penalties, and repayment of previously exempted taxes.

What is required to obtain CONFOTUR approval?

To receive CONFOTUR certification, you must: Submit an application with details of the investment and project scope. Obtain official recognition as a tourism development project from the Ministry of Tourism. Secure all necessary permits and approvals for construction or operation.

How do I apply for CONFOTUR tax benefits?

The application process involves submitting documentation to the Ministry of Tourism and the National Council for Tourism Development (CONFOTUR), demonstrating the project's alignment with tourism development goals.

Do vacation rental properties qualify for CONFOTUR benefits?

Yes, vacation rentals and condo-hotels within an approved CONFOTUR development may qualify for tax incentives.

Can a foreign investor benefit from CONFOTUR incentives?

Yes, foreign investors are eligible for CONFOTUR incentives if they invest in an approved tourism-related project in the Dominican Republic.

What types of businesses and projects qualify for CONFOTUR?

The CONFOTUR Law applies to a variety of tourism-related projects, including: Hotels, resorts, and vacation rentals Convention centers and event venues Cruise ship companies with designated Dominican ports Amusement parks, ecological parks, and theme parks Marinas, yachting harbors, and port infrastructure Golf courses, restaurants, and sports facilities Small and medium enterprises supporting tourism (e.g., crafts, native reptile breeding, tropical fish farming) Environmental and sanitation infrastructure for tourism (e.g., aqueducts, waste collection)

Are loans and financing for CONFOTUR projects subject to taxes?

No, national and international financing, as well as interest payments on loans, are exempt from taxes and withholdings under the CONFOTUR Law.

Can businesses import materials and equipment tax-free under CONFOTUR?

Yes, companies can import construction materials, machinery, equipment, and necessary goods without paying import taxes or ITBIS (Value Added Tax).

FAQs - OCC Lawyers - Law Firm in Punta Cana

How can I get started with a CONFOTUR-approved investment?
Categories: Confotur Law▪
How can OCC Lawyers help me secure CONFOTUR benefits?
Categories: Confotur Law▪
What happens if a project does not comply with CONFOTUR regulations?
Categories: Confotur Law▪
What is required to obtain CONFOTUR approval?
Categories: Confotur Law▪
How do I apply for CONFOTUR tax benefits?
Categories: Confotur Law▪
Do vacation rental properties qualify for CONFOTUR benefits?
Categories: Confotur Law▪
Can a foreign investor benefit from CONFOTUR incentives?
Categories: Confotur Law▪
What types of businesses and projects qualify for CONFOTUR?
Categories: Confotur Law▪
Are loans and financing for CONFOTUR projects subject to taxes?
Categories: Confotur Law▪
Can businesses import materials and equipment tax-free under CONFOTUR?
Categories: Confotur Law▪

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