Invest in Cabarete located on the North Coast of the Dominican Republic!
This unique land is a stunning 50 hectare(123 acre) oceanfront site that includes 450 meters(1476 sq ft) of wide beach and 200 meters(656 sq ft) of rock frontage, and is one of the largest undeveloped properties in the region.
With just 15 min from Puerto Plata international airport, and just between beachtowns Sosua and Cabarete, this land is perfect located for any big developer looking to invest in this area.
This development promises to become the most Exclusive Community on the North Coast. It is sold as a package with design guidelines already finished, but the buyer also has the option to freely develop this land as he wishes. Excellent property for exclusive hotel and resort living, luxury development with commercial area.
Tourism Incentive Act 158-01 has been in place in Dominican Republic, revolutionizing the investment climate and allowing large volumes of capital to be attracted to the tourism
A) The incentives for provisional approval are:
1. Exemption from the requirement to legally establish the
2. Increase in the share capital
3. Property transfer tax (3 percent of the value of the property)
B) Likewise, final approval grants these exemptions:
1. Income tax for ten years
2. National and municipal taxes
3. Taxes on construction, plans, etc.
4. Taxes on the payment of loan interest
5. Reinvestment tax of 20 percent (tax savings on another
existing company, for five years)
6. Equipment import (exempt from customs taxes, taxes on
transfer of industrial goods and services)
7. The tax on luxury housing
This land can be bought in different options:
- Whole development, no infrastructure the price of US$34 million
- Parcels of land - Developer will build infrastructure, entrance, beachclub etc
Prices of Parcels:
Parcel# Area m2 Price per m2 Price
1 33,000 US$55 US$1,815,000
2 44,000 US$65 US$2,860,000
3 50,000 US$93 US$4,650,000
4 53,000 US$76 US$4,028,000
5 52,000 US$200 US$10,400,000
6 56,000 US$230 US$12,880,000
7 52,400 US$225 US$11,790,000
Commercial 18,000 US$85 US$1,530,000
For more information on design guidelines and to invest in the Dominican Republic download attachment and contact us.