What are the advantages of forming a Dominican company to purchase property?
The main advantage to forming a Dominican company are that you will not be personally liable for debts or problems incurred during the operation of the business. A second very important reason to incorporate is to avoid the application of Dominican rules of inheritance to your Dominican properties. Inheritance of real property in the Dominican Republic is governed by Dominican law which provides for “forced heirship”: part of the estate must go to certain heirs by law. For example, a foreigner with a child must reserve 50% of the estate to that child despite the existence of a will or of the law of his country of residence. A third advantage is to avoid having to put up a bond in case you (a foreigner) have to sue in the DR.
