by Sylvain Maufrais 
The FIDEICOMISO, in the Dominican Republic, is a legal instrument that enables the creation of a trust. It is used for a variety of purposes, including real estate management, investment and estate planning.
In the real estate context, the FIDEICOMISO can be used to protect the interests of buyers when purchasing property. In this case, the seller transfers legal ownership of the property to a trustee until payment is made in full. The trustee then ensures the security and validity of the transaction.
For investments, FIDEICOMISO can be used to structure real estate projects or other types of investment, enabling several investors to participate in a common project while enjoying legal protection.
Finally, FIDEICOMISO can be used for estate planning. It enables individuals to transfer assets to a trustee who undertakes to administer and distribute them to designated beneficiaries in accordance with the donor’s instructions.
In short, the FIDEICOMISO in the Dominican Republic serves to protect the interests of the parties involved in various transactions, and to ensure the management and distribution of property and assets in accordance with the wishes and needs of individuals and companies.
Sylvain Maufrais, AGIREDOM
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