The Dominican SAS or Simplified Corporation may be incorporated among two or more persons, who are only liable for the amount of their respective share contributions and which will have legal personality. To its corporate name the words “Sociedad Anónima Simplificada” or S.A.S. shall be included. The by-laws will establish the amount of the authorized […]
ARTHUR & CASTILLO attorneys attended client launching of the first E- Commerce platform in the Dominican Republic Shopmundo.com in a Press Release on October 27, 2015. Shopmundo.com E-commerce site is oriented to a target market that is pristine, where clients and sellers can connect in areas where it is difficult to access the global market. […]
Dominican Companies may be represented by one or more representatives, whether compensated or not, who do not have to be partners. The representatives may delegate part or all of their duties, if the by-laws so allow, but are liable to the company for the actions of the persons to whom they delegate those. The administrators […]
The Dominican corporation or Sociedad Anónima – SA is a business entity that exists among two or more persons under a corporate name and is composed exclusively by shareholders whose responsibility for the losses is limited to their contributions. Its capital is represented by negotiable titles called shares, who must be entirely subscribed and paid […]
Employers of Dominican hotels, casinos, restaurants, bars, cafes, cafeterias, night clubs, fast food and other food and beverage business, should know that Dominican Labor Ministry Resolution 17-2015 of National Minimum Wage for such sectorized employees was approved on August 25, 2015. The most relevant provisions of Resolution 17-2015 include: Fixing the minimum wage of Dominican […]
The Dominican Republic’s tourism industry and commercial aviation representatives agreed on August 10, 2016 to work to make the country the Caribbean’s major air hub. The proposal was discussed in a gathering hosted by the Dominican Tourism Press Association (Adompretur), where the president of the Civil Aviation Board (JAC) promised to mediate to present the […]
Dominican Industrial Qualification Certificates were awarded to 16 companies on May of 2015 by the Center for the Industrial Development and Competitiveness that will benefit from the provisions established under Law 392-07 of Industrial Development and Competitiveness; including tax and custom duties exemptions, in order to promote actions that shall endeavor the improvement in the […]
Dominican Republic real estate property purchase or sale should be made through a written contract in which the parties reflect their agreement about the identity of the property being sold, the sales price and the terms and conditions of the sale. It is recommended that the seller and the buyer obtain advisory from an attorney in […]
The IJ International Jurists 22nd Annual General Meeting (AGM) 2015 took place last April 2015. Lawyers from member firm’s participated in an agenda focused on strategic development, business generation and harvesting collective know how and honest exchanges among members in order to share main points and challenges in the management and growth of our member […]
The Dominican General Directorate of Pharmaceutical, Foods and Sanitary Health Products (“DIGEMAPS”) was created under Decree 82-2015 of April 6, 2015, under the dependency of the Dominican Ministry of Public Health and Social Assistance. According to Article 2 of said Decree, DIGEMAPS is and will be, henceforth, the competent entity in matters of regulation, control, […]
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