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Financial

Banco Central de la República Dominicana (BCRD)

Central bankExchange ratesGovernment reference

Contact Information

+1 809-221-9111
bancentral.gov.do
Av. Pedro Henríquez Ureña esq. Leopoldo Navarro, Santo Domingo

Why You Need a Financial Professional

Most foreign buyers pay cash, but Dominican banks do offer USD mortgages to qualified buyers (typically 50-70% LTV at 7-14% annual). Understanding your financing options and tax obligations — including CONFOTUR exemptions — can save you tens of thousands of dollars.

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About

Sets monetary policy and publishes the official daily DOP/USD reference rate used for property-tax calculations, mortgage indexing, and customs valuations. Useful when verifying that an exchange rate quoted to you matches the official reference.

Service AreasNationwide (Dominican Republic)

Languages

SpanishEnglish

Questions to Ask

Before engaging a financial professional, consider asking:

  • Do you offer USD-denominated mortgages to foreign nationals?
  • What is the maximum LTV ratio, interest rate, and term available?
  • What documentation do I need to provide (proof of income, credit history, etc.)?
  • How long does the approval process typically take?
  • Can you explain the annual property tax (IPI) obligations and any CONFOTUR exemptions?

Useful Resources

Transaction Cost CalculatorFinancing CalculatorCONFOTUR Savings CalculatorBack to Directory

Other Financial Professionals

Scotiabank Las Terrenas

USD loans up to $400K, 70% LTV for US/CA buyers

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Mortgage / bank lending

International bank. USD loans at 7.0-7.75% annual, up to US$400K, up to 70% LTV. US/Canadian citizens preferred.

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Banco Santa Cruz - Las Terrenas

Dominican commercial bank, foreign investor lending

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Mortgage / bank lending

Commercial bank offering mortgage financing to foreign investors. Mon-Fri 9-6, Sat 9-1.

bsc.com.doView Profile →

José Antonio Quiñones

Dominican Breeze International Realty (Grupo Quiñones)

Ex-PR mortgage institution president, multi-city

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Mortgage broker

Broker was president of major mortgage institution in Puerto Rico (1994-2002). Operates across SD, Punta Cana, LT, Miami, NYC.

dominicanbreeze.comView Profile →

DGII Las Terrenas (tax authority)

Government tax office, CONFOTUR documentation

ES
Tax reference / CONFOTUR documentation

Dominican tax authority local office. Tax compliance, CONFOTUR documentation, property tax registration. Mon-Fri 8-5.

View Profile →

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