New Real Estate Decree 

President Leonel Fernandez presented decree 2543-45 on January 9, 1998 eliminating restrictions to real state ownership by foreigners, thus recognizing that the former law was a barrier for foreign investment. Prior to this new decree, a real estate purchase by a foreigner was a lengthy procedure, had to be processed by local attorneys and required the special authorization of the Executive Branch. Under Decree 2543-45, real estate investors will enjoy the same rights as Dominicans.

There is now the government's attempt to improve the investment climate will be served by this decree and will attract foreign firms interested in investing in or entering into a seeking joint venture possibilities in the Dominican Republic.