The Caribbean island of Haiti is a popular destination for tourists and investors alike. Many people are interested in purchasing property in Haiti but are unsure of the legalities surrounding it. The good news is that US citizens can buy property in Haiti, but a few restrictions must be considered.
Foreign companies are free to own private property in Haiti, and there are no restrictions on the repatriation of profits. However, the law does not permit foreigners to own property or buildings alongside national borders, including the Haiti/Dominican and maritime borders.
This means US citizens cannot purchase land or buildings within a certain distance of the Haiti/Dominican border or maritime borders.
In addition, US citizens must obtain permission from the Haitian government before purchasing property in Haiti. This permission must be obtained from the Haitian Ministry of Foreign Affairs and the Ministry of the Interior.
The application process can take several weeks and requires the submission of various documents, including a copy of the buyer’s passport, proof of income, and a detailed description of the purchased property.
Once the application is approved, the buyer must register the property with the Haitian government. This process involves submitting a notarized deed of sale and other documents to the Haitian Ministry of Justice. Once the registration is complete, the buyer will receive a title deed that must be kept safely.
It is important to note that US citizens are not allowed to purchase property in Haiti to rent it out. The Haitian government does not allow foreigners to own rental properties, and any rental income must be declared and taxed.
In conclusion, US citizens can buy property in Haiti, but certain restrictions must be considered. It is important to obtain permission from the Haitian government before purchasing property and registering it with the Haitian Ministry of Justice. Finally, US citizens are not allowed to purchase property to rent it out. For more information on purchasing property in Haiti, please get in touch with your local US Embassy.