Language(s): French & Haitian Creole (Official)
Total Area: 27,750 km2
GDP (PPP): 2012 estimate
Total: $12.942 billion
Per capita: $1,242
Currency: Gourde (HTG)
The Republic of Haiti occupies the western third of the island of Hispaniola in the northern Caribbean, west of the Dominican Republic.
The Haitian system of establishing property rights is so convoluted, complicated and corrupt that for the average citizen of Haiti, owning any property will always remain just a dream. Obtaining a legally recognized title to property in Haiti takes over 11 years and 111 bureaucratic steps involving 32 separate offices and countless forms to be filed, according to Hernando de Soto's "The Mystery of Capital".
Foreigners may not own more than one residence in the same district or own real estate without authorization from the Ministry of Justice. Land holdings of foreigners are limited to 1.29 hectares in urban areas and 6.45 hectares in rural areas. Additionally, foreigners may not own property or buildings near the border.
However, foreigners who establish Haitian corporations with corporate offices located in Haiti are not subject to property restrictions.