Playa Bávaro

• No restrictions on foreign ownership
• The current Government is stable and democratic
• It's a growing economy
• Tourism is on the rise
• Active infrastructure improvement
• Foreign investment movements
• Ease of capital growth returns
• Strong rental potential

Yes, all home owners of the Iberostate Bavaro complex have access through the Beach Club, located right on the beach, and for residents only.

Yes, the harmonious combination of the residential and hotel complex is one of the added values of Iberostate. Iberostate home owners receive preferential treatment and discounts at the resort facilities.

Yes, residents will be able to enjoy three restaurants under the Pay per Use regime: Golf Club Restaurant, Beach Club Restaurant and Commercial Village restaurant.

Yes, children are allowed to enter the Iberostate Beach Club.

Fees have not been calculated yet, but, it is estimated that fees will be similar to those of other projects already operating in the area. Currently, the monthly fees are as follows:

Apartments:
                1 bedroom US$125
                2 bedrooms US$165
                3 bedrooms US$190

Villas: US$250

(These amounts are only estimates)

• The buyer selects a property through the sales office. The buyer has to accept the payment method and fill out two forms:
• Data registration
• Temporary reservation agreement for property
• Once these forms are filled out, Iberostate will send via fax or email the contract to be reviewed.
• Once the contract is reviewed and the clauses are approved by both parties, the client (or legal representative) and Iberostate will sign 3 copies of the contract (one copy for the client, one copy for Iberostar and one copy for the Public Notary).

Once these operations are completed, the buyer must send a check in US dollars (or its equivalent in Euros) for the amount agreed upon or make a bank transfer for said amount.
When the keys are handed over to the buyer, the Sales Contract will be signed before a Public Notary in the Dominican Republic. Legal authorization for the signing of this contract must be made through the mandatory diplomatic channels in order to be valid in the DR.

Agreements have been established with several international banks such as Scotiabank or Citibank. Likewise, Banco Popular collaborates with several North American and European banks for electronic bank transfers.

• The Tax Code establishes a 25% withholding tax on all taxable income for non-residents of the country. However, if payments on loans are contracted with foreign credit institutions, only 10% of the tax shall be withheld.
• The rental or lease payments to individuals are subject to a withholding tax of 10%.

It is not mandatory, but if you are interested in taking out property insurance, you must do so through an authorized agency in the country.

The exclusive Golf Membership for Iberostate owners is US$1,000 per family (only valid for direct family members) and is paid annually.