Hotel and real estate tourism receive US$5,923.6 million

Turismo hotelero e inmobiliario reciben US$5,923.6 millones

Dominican Republic is one of the best options for foreigners to invest, thanks, in part, to the growth reflected in the economy (6.3% in 2017) and to a clear legal framework, through the Foreign Investment Law (Number 16-95) , which considers an alien to be equal to a Dominican citizen, making it easy and friendly to do business in the country.

Hotel tourism, together with real estate, received US$5,923.6 million, this time 30% of the total invested by foreigners in the country.

When investing in a real estate project there are some risks, such as making an investment in a context of a local or regional economic and financial crisis that jeopardize the stability of the project.

The tourism sector in real estate matters must develop projects that are increasingly personalized and adapted to the needs of investors. It aspires to build sustainable projects over time and the demands of a client increasingly empowered with their environment.

It is important to apply technology and IOT to develop more efficient and smart projects that facilitate the owner experience.

«Many of the tourists that visit us, fall in love with our climate and our people, and have chosen to change their hotel rooms with everything included with the possibility of becoming owners of a vacation unit to use for life», Confotur

Law No. 158-01, of October 9, 2001, on the Promotion of Tourism Development for Great Potentiality Localities, had as its objective to accelerate the development process of the tourist and real estate industry in all regions with potential and natural conditions for its exploitation.

The law provides the incentives that will be granted to investors dedicated to the tourism activities indicated in article three that declares a tax exemption period for 15 years, from the date of completion of the construction and equipment of the project object of these incentives.

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