If you are considering a property purchase in the Dominican Republic, knowledge of the banking system will help you on your way.
The government is keen to attract foreign investment and this is evident in the number of incentives banks offer clients. These include tax-free bank account interest and zero tax on company profits for relocating overseas companies. An added benefit is that information relating to your personal banking situation is not proactively disclosed by the Dominican Republic.
Local currency (DOP) can easily be withdrawn over the counter or at cash point machines (ATMs) all over the country. Please note that ATMs only dispense DOP. If you require US Dollars, they will need to be purchased at exchange offices which charge high rates for the privilege. You are well advised to deal in Pesos or bring enough Dollars for your trip.
You may wish to arrange mortgage finance in the Dominican Republic and up to 80% can be obtained by foreigners, in either local currency, USD, GBP or CND.
Ave. Sarasota # 27
Tel. (809) 535-6069
Banco Atlas Cumbres
Ave. Tiradentes &
Ave. Roberto Pastoriza
Tel. (809) 547-9000
Asociacion de Ahorros y Prestamos
Ave. 27 de Febrero & Maximo Gomez
Telephone: (809) 689-0171
303 Roberto Pastoriza
Telephone: (809) 567-4444
Banco Del Progresso
3 Ave. John F. Kennedy
Telephone: (809) 563-3250
Ave. Winston Churchill & Ave. 27 de Febrero
Telephone: (809) 243-3232
Banco Nacional De La Vivienda
53 Ave. Tiradentes
Telephone: (809) 565-6621
20 Ave. John F. Kennedy
Telephone: (809) 544-8000
La Pequena Impressa
250 Ave. Bolivar
Telephone: (809) 508-3144
Banco Santa Cruz
Ave. 27 de Febrero #49
Tel. (809) 724-2222
Ave. Wiston Churchill
Tel. (809) 955-2601
Isabel La Catolica # 201
Tel. (809) 960-2000
Ave. John F.Kennedy & Ave. Lope De Vega
Telephone: (809) 544-1700
Abraham Lincoln # 306
Tel. (809) 532-9797
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