Located in the Caribbean, between Cuba and Puerto Rico, the Dominican Republic is the second largest country in the Antilles, with a surface area of almost 49 thousand km2.
Its strategic location, exceptional climate, geographical and natural diversity, and the friendliness of its people all make it the top holiday destination in the region, and have earned it international renown.
This democratic republic is currently one of the countries with the biggest growth in Latin America thanks to its economic, political and social stability.
- Money: coins: 1-5 RD$/1/5/10/25/50 cents
- Bills: 1/5/10/20/50/100/500/1000/2000 RD$
- Exchange rates: Foreign currencies fluctuate daily as the market changes. You can check the exchange rates directly at commercial banks and at any bureau de change. The Central Bank also publishes this information daily on weekdays.
Dollars, euros, traveler’s checks and credit cards are accepted. Money can be changed easily at banks, bureaux de change and hotels.
There are numerous branches of local and international car hire companies at airports and in cities. These all require an international credit card.
- Airports: 9 in total. The main ones are Punta Cana (PUJ) and Las Américas (SDQ)
- Flight times: Europa 8-10 hours // New York 3:45 // Miami 2:15 // Puerto Rico 0:35 // Toronto 5
- Public: car share or public cars; motoconcho (motorcycle taxi) and guagua (local bus).
- Taxis: available 24 hours.
- Rail Network: only used for transporting goods.
- Ports: 11 in total. They receive commercial traffic and travelers.
- Metro: The Santo Domingo Metro is the road transport system that serves the city of Santo Domingo, capital of the Dominican Republic. Since the opening of the second line in 2013, is the largest metropolitan rail system in Central America and the Caribbean.
- Fixed telephony: the main Dominican company is Verizon. Country code: 01 809 – International dialing code: 011
- Mobile telephony: operators: Miles, Claro, Centennial, Orange, Tricom and Verizon. Spanish mobiles must be 3G in order to work.
- Internet: service providers: Verizon, Claro, Centennial, Orange and Tricom.
There is no agreement with Seguridad Social (Spanish Social Security), but there is good private care, such as the international hospital network Hospiten, which has facilities in Santo Domingo and Punta Cana.
The Dominican tourist police, POLITUR, is a body specializing in protecting and serving visitors to the country, providing information and preventing speculation on rates for tourist services established by the authorities. Tel. +1-809-686-8689/687-6796
- guaranteeing the same legal protection as for citizens.
- allowing the capital invested and the dividends received to be sent abroad.
All this has made the Dominican Republic a key place for commercial exchange, offering multiple opportunities for business and investment, especially in the tourism and property sectors. The taxes on purchasing a property are 4.4% of its market price and are calculated based on an appraisal of the property value carried out by government authorities. They are broken down into:
- Transfer Tax (equivalent of VAT): 3% of the total sale price stated on the Final Sale Contract.
- Stamps and various expenses (various stamps, certification and taxes on checks, etc.): 0.5%
- Guarantee Fund: 5,000 Dominican pesos.
In addition to these, there are also fees for the solicitor/notary who legalizes the contracts and performs the steps required to obtain the final Certificate of Title and register it in the corresponding Land Registry.