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Buying a hotel or rental units

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snowinpalm
  9/7/2020 16:55 EST

We are moving to the DR and would like to acquire rental or hotel investment property. We would like to have a small number of units and wonder if we have to register as a "hotel" or can we just use the Airbnb/VRBO type of sites? We have been happy with the latter in our US rental property. We are also concerned about the cost of the licenses with a boutique hotel (5-10 units)?

abreuimmigration
  9/7/2020 18:41 EST

A good number of our clients opt to buy units and rent them out as Airbnb, this platform is performing very well since a good number of large hotels are not yet open, especially in Santo Domingo.

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snowinpalm
  9/11/2020 13:32 EST

Thank you!

SOSUAPETER
  9/11/2020 18:46 EST

Hi
Im a retired Brit whose been living in the DR for ten years. For 7 years i worked for Coldwell Banker in Sosua an area you must visit as its so beautiful, with a large English speaking community.
My one piece of advice is make sure you have an honest lawyer. I know of one I trust who is well informed with many contacts.
I try to give free advice where I can.
Peter H

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