International sale of goods in Dominican Republic

By Felipe Isa Castillo (fcastillo@aclaw.com) International sale of goods contracts in Dominican Republic and elsewhere are also called ”documentary sale” transactions. The purpose of presenting the documentary transaction is to illustrate not only what is happening but also, why it is done in a particular manner. There are several factors to consider in an international […]

DR Tourism Law

Dominican Tourism Law 541 of 1969 of the Dominican Republic declares of national interest the promotion of Dominican tourism, whether, historic, religious, archaeological, of natural resources and all other forms and its related activities. Tourism Law 541 was enacted at a time when most Dominican Tourism was of local nature and the country’s wide array […]

DR Company Mergers and Spin Offs

Under Dominican Republic Law 479-08 of Commercial Entities and Individual Limited Liability Enterprises provides that one or more business entities may by way of merger transfer their assets to an existing entity or to a newly incorporated entity. In relation to Dominican Republic company spin offs, Dominican Law No. 479-08 states that business entities may […]

DR Limited Liability Company

Usually business entities in Dominican Republic are incorporated as a Dominican Limited Liability Company or Sociedad de Responsabilidad Limitada (S.R.L.). The Dominican Limited Liability Company or S.R.L. is the most common and efficient form of organizing a company in the Dominican Republic. The main characteristics of the Dominican Limited Liability Company are: The company must […]