Buying your first home is a dream, but many people realize too late that obtaining a mortgage can turn into a path full of surprises and legal obstacles.
What happens if the bank changes conditions without notifying you? Or if charges appear that were never clearly explained? Continue reading “Your rights as a borrower: don’t sign a mortgage without knowing this.”
There is something almost everyone does when starting a business, closing a deal, or entering into a partnership: they trust. They trust in someone’s word, in the relationship, in “good faith.” And for a while, everything works. No one thinks about contracts when things are going well… until they stop.
More and more foreigners are interested in purchasing property in the Dominican Republic. Some are looking for a second home in the Caribbean, while others see an investment opportunity in tourist areas such as Puerto Plata, Punta Cana, or Las Terrenas.
However, one of the most common questions we receive at Santana Ripoll & Assoc. is quite direct:
Continue reading “Buying Property in the Dominican Republic: What Many Foreigners Discover Too Late”
Failure to pay a debt is a common issue in both personal and business relationships. In the Dominican Republic, there are clear legal mechanisms to recover what is owed—but it is essential to act strategically and in a timely manner.
Below is a step-by-step guide on what to do if someone doesn’t pay you and how to protect your rights. Continue reading “What to Do If Someone Doesn’t Pay You a Debt”
Buying property in the Dominican Republic can be an excellent investment—whether for living, generating income, or diversifying your assets. However, to ensure a safe and secure transaction, it is essential to follow the correct legal steps.
Below is a clear and professional guide to help you purchase property without risks.
Continue reading “Legal Steps to Buy Property in the Dominican Republic”
The Dominican Republic has become one of the most attractive investment destinations in Latin America and the Caribbean. Its steady economic growth, political stability, and expanding real estate market make it an ideal opportunity for both local and international investors.
Below are the key reasons why investing in this country can be a smart and profitable decision. Continue reading “Why Invest in the Dominican Republic?”
Buying property in the Dominican Republic can be an excellent investment, but it also comes with risks if proper legal due diligence is not carried out. Verifying a property title is a critical step to avoid fraud, legal disputes, or financial loss.
In this article, we explain step by step how to ensure a property is legally sound before making a purchase. Continue reading “How to Verify a Property Title in the Dominican Republic”
In the Dominican Republic there are currently (as of 7/02/22) 48 financial intermediation entities, regularized in accordance with the guidelines of the Monetary Board of the Dominican Republic, of which 11 of these have a significant or total foreign shareholding.
Continue reading “Financial entities with foreign capital in the Dominican Republic.”
The sworn declaration of patrimony assets has its first foundation in article 146.3 of the Dominican Constitution, which establishes it as mandatory for “public officials (…) before and after having completed their functions or at the request of the competent authority.” Continue reading “Sworn Declaration of patrimony from Public Officials”
Commercial Arbitration is a procedure by which a dispute or controversy between two or more parties is known and submitted to the decision of a body constituted outside the ordinary courts.
Arbitration, as an alternative to dispute resolution, “constitutes a real alternative to prevent and adequately, quickly and definitively solve conflicts that arise in national and international trade transactions,” indicates Law 479-08 on commercial arbitration. Continue reading “Commercial Arbitration in the Dominican Republic”