Are real estate purchases under CONFOTUR exempt from taxes?

Yes, properties within CONFOTUR-approved developments are exempt from transfer taxes , making it more affordable for investors to acquire real estate.

What taxes are exempt under the CONFOTUR Law?

Companies approved under CONFOTUR receive 100% tax exemptions on the following: Income tax Real estate transfer tax Luxury housing and undeveloped land tax (IVSS) Import taxes on construction materials and equipment National and municipal taxes on incorporation and capital increases Taxes on financing and interest payments

How long do CONFOTUR tax benefits last?

CONFOTUR incentives generally last for up to 15 years , depending on the project and approval terms.

Who qualifies for CONFOTUR tax incentives?

Both companies and individuals investing in tourism-related infrastructure, such as hotels, resorts, theme parks, and marinas, may qualify for CONFOTUR benefits. The project must be approved by the Ministry of Tourism and the National Council for Tourism Development.

What is the CONFOTUR Law, and how does it benefit investors?

The CONFOTUR Law (Tourism Incentive Law 158-01) provides significant tax exemptions to companies and individuals investing in tourism-related projects in the Dominican Republic. These incentives reduce costs and increase profitability for investors in the tourism sector.

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FAQs

Are real estate purchases under CONFOTUR exempt from taxes?
Categories: Confotur Law▪
What taxes are exempt under the CONFOTUR Law?
How long do CONFOTUR tax benefits last?
Categories: Confotur Law▪
Who qualifies for CONFOTUR tax incentives?
Categories: Confotur Law▪
What is the CONFOTUR Law, and how does it benefit investors?
Categories: Confotur Law▪

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FAQs

Are real estate purchases under CONFOTUR exempt from taxes?

What taxes are exempt under the CONFOTUR Law?

How long do CONFOTUR tax benefits last?

Who qualifies for CONFOTUR tax incentives?

What is the CONFOTUR Law, and how does it benefit investors?

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Stay Connected

Office

your voice, our priority –let’s shape the future together!

FAQs

Are real estate purchases under CONFOTUR exempt from taxes?

What taxes are exempt under the CONFOTUR Law?

How long do CONFOTUR tax benefits last?

Who qualifies for CONFOTUR tax incentives?

What is the CONFOTUR Law, and how does it benefit investors?

Our Services

Stay Connected

Office

your voice, our priority –
let’s shape the future together!