Construction of Eco-Resort with 600 rooms and protected area. Samana, Dominican Republic.
In the most beautiful beach of the Dominican Republic.
600 linear meters of clear water and white sand private beach.
214 340,83 M2 of land for the construction of 600 rooms hotel.
Project has been defined to keep the beauty of the nature and be surrounded by an amazing protect area of 24 462,57 M2.
Opportunity:
Elegible to be granted with the most important item of legislation in the Dominican Republic tourism sector, Law 158-01, on the promotion of tourist development for new or low development locations.
Under this law, the following incentives have been established, for 15 years:
- 100% exemption from the payment of income tax, incorporation tax, tax due to capital increase;
- 100% exemption from property transfer tax – (only to first buyers of the project) and tax applicable to luxury real estate;
- 100% exemption from any taxes, charges, or fees that may apply when importing machines, equipment, materials and personal property for use in construction, or that may be classified as the initial equipment to be used to commence the operations of the tourist facility;
- Investors are able to deduct their investments from their net taxable income.