Tokenize Real Estate in the Dominican Republic

Yes, through the securities route. The Dominican Republic does not yet have a dedicated crypto law, but when a real estate token qualifies as a security, its issuance is regulated by the Superintendencia del Mercado de Valores (SIMV) under the Securities Market Law (Law 249-17). The country's first tokenized hotel, the Grand Aston in Punta Cana, is being structured this way.

Yes. The Dominican Republic generally allows foreign ownership of real estate without significant restrictions, and foreigners can hold tokenized fractions. Buyers should account for tax obligations both locally and in their home country.

Not yet. There is no specific crypto statute, no regulatory sandbox and no DLT pilot regime, and the Central Bank does not recognise crypto as legal tender. The practical route for real estate tokenization is therefore to structure the token as a security under the SIMV and Law 249-17.

The Superintendencia del Mercado de Valores (SIMV) regulates securities. If a token meets the definition of a negotiable security, the issuer must obtain SIMV authorisation – including a prospectus, registration and investor-protection rules. Pure, unregistered virtual assets are not currently regulated, and the Central Bank does not treat crypto as legal tender.

Capital gains are taxed at 27% on the inflation-adjusted net gain, a 3% transfer tax applies on purchase, and annual property tax (IPI) is 1% on cadastral value above roughly DOP 7.7 million. Rental income is taxed at 27% for foreigners. Approved tourism projects under CONFOTUR can be exempt from several of these for up to ten years. Confirm the treatment of a tokenized holding with a Dominican tax advisor.

The flagship example is the Grand Aston Coral Golf Resort in Punta Cana, set to become the country's first fully tokenized hotel under SIMV oversight. International fractional-investment platforms such as Reental have also announced entry into the Dominican market.