Understanding the Confotur Law
The Tourism Incentive Law 158-01, known as Confotur, was established in October 2001 to encourage real estate investments and large infrastructure projects related to tourism in the Dominican Republic. This law targets specific tourist areas, promoting both development and environmental protection.
Confotur benefits those willing to invest in tourism-related infrastructure, including real estate. The advantages extend to individual property buyers, both local and foreign, who purchase properties within approved projects.
Confotur Benefits for Developers and Buyers
The Confotur Law offers significant financial exemptions for developers, including tax and import exemptions. These benefits extend to end buyers, who enjoy exemptions from transfer taxes, annual property taxes, and taxes on capital increases and rental revenues.
These exemptions are typically valid for 15 years from the project approval date, not from the completion date. It's important to verify the start date of Confotur benefits with Delseni Real Estate Group, as they vary by project.
Conclusion
At Delseni Real Estate Group, our sole focus is on Confotur Law-approved properties on the North Coast of the Dominican Republic, ensuring that our clients maximize their investment potential. Explore the listings with Confotur benefits and seize this unique opportunity.
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Invest wisely, live luxuriously, and benefit from the Dominican Republic's premier real estate opportunities with Delseni Real Estate Group. Contact us today to get started!
Confortur Law 158-01
Leveraging Tax Exemptions