Dominican Regulation of Sale Transfers and Endorsements of New and Used Motor Vehicles, 06-2013 was issued on December 12, 2013 and provides for a procedure to formalize the transfers of vehicles in favor of concessionaires and dealers. Said procedure includes the duty, by the owner of the vehicle, to notify the transfer or exchange of […]
Industrial Free Trade Zone employees minimum wage was approved by Dominican Labor Ministry Resolution No.8-2013 of October 2013. The background of Resolution No.8-2013 comes from the agreement reached by the Employee Sector Representative (FENATRAZONA, FEDOTRAZONAS y UNATRAZONAS) and the Employer Sector (ADOZONA), through which they approved an increase to the minimum monthly wage for the […]
Dominican Real Estate Law Developments, include a Draft Bill amending Tourism Development Promotion Law 158-01 (“Confotur Law”). On July 22th of 2013, the Chamber of Deputies of the Dominican Republic approved the Draft Bill amending Confotur Law No. 158-01 of Incentives for Tourism Development of the Dominican Republic to include non- exempt urban and oceanfront […]
Dominican Republic Energy and Mining Ministry was created under Law 100-13 of 2013 as organ of the Public Administration dependent of the Executive Power, in charge of formulating and managing the energy and the metallic and non metallic Dominican mining policy. The Law establishes that the Ministry of Energy and Mining, in its capacity as […]
Foreign direct investment in Dominican Republic is regulated under Foreign investment Law 16-95 of November 20, 1995. The purpose of this law is to open foreign investment to most sectors of the Dominican Economy and to provide foreign investors with legal guarantees, benefits and exemptions while doing business in the Dominican Republic. Dominican Foreign Investment […]
Dominican Real Estate Property Survey is mandated and regulated under Resolution 1419-2013 of May 16, 2013, of Diverse Procedures before the Title Registrars and the Cadastral Measurement Offices (“Resolution No.1419-2013”). Within the Diverse Procedures proposed in such Resolution No.1419-2013, is the survey (or deslinde) of real estate properties supported by Annotated Records (i.e. Constancias Anotadas), and […]
Dr. Felipe Isa Castillo, Partner of Arthur & Castillo (ACLAW), has been featured in the American Bar Association’s Section of International Law publication “The Year in Review” 2013 for Cross Border Dominican Republic Real Estate Practice. The publication consists of an annual survey of international legal developments in different areas of international and national law […]
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