Re: Cap Cana
First of all, great buy!!!
I was in cap cana back in 2003 when it was absolutely nothing, just a few bungalows and a partially and very rough marina and two weeks ago was there and it was unbeliavable, a real money maker.
To answer your question on tax issues, yes you are better off setting up a company in the DR, and the reason for this apart from that if you decide to sell on, remember law 15801 only exempts first buyer from tax, but due to a transfer of property to a company you can sell on before the 10 year exemption is due and pass on the benefit to the other purchaser thus making it very enticing to other buyer.
Remember there is no double taxation agreement between the dr and Ireland, but i suppose and this is only speculation, you can offset ri against your borrowings if you have indeed bought an investment property.
The only tax advisors and legal representatives in ireland that i know of are Tom Mcgrath Solicitors but you can find a very good tax specialists in DR.
I deal a lot with Guzman Ariza & Ramia in Bavaro, specifically Dr. Chris Sieger, being German he understands th Europeans, hope this is of help