A foreign corporation may buy real estate directly in its name or it may incorporate a Dominican subsidiary under its control to purchase the property.
To have the same rights as a Dominican corporation, a foreign corporation that has not incorporated a Dominican subsidiary, should obtain from the Executive the authorization to establish a domicile in the Dominican Republic (Article 13 of the Civil Code). A foreign entity not authorized to establish a domicile in the DR: (a) will have to post a bond it decides to sue in court and (b) will be subject to withholding restrictions established in the Tax Code.
As for the RNC (tax number), you need it to record your real estate purchase and, of course, to record any sale. You may find a buyer who will sign a Deed of Sale without you having a tax number. In any case, there is really no danger of not obtaining the RNC, it’s just a question of time.
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