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 at the Launch of Shopmundo.com, Dominican E-Commerce Platform Before online marketplaces became routine in the Dominican Republic, launching one was news. On October 27, 2015, hundreds of guests gathered at the Dominican Fiesta Hotel & Casino in Santo Domingo for the press launch of Shopmundo.com, presented as the country’s first e-commerce platform […]
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 Bid to Become the Caribbean’s Air Hub — and What It Means for Investors Ten million tourists a year. That was the target on the table when the Dominican Republic’s tourism industry and commercial aviation sector agreed to push a shared goal: turning the country into the Caribbean’s principal air hub. The […]
Proindustria Qualification: The Tax Incentives Dominican Manufacturers Leave on the Table Hundreds of manufacturers operating in the Dominican Republic have qualified under Law 392-07 on Industrial Development and Competitiveness since 2007, yet many industrial companies, particularly foreign-owned ones, still pay taxes the law would let them avoid, simply because they never sought qualification. The Industrial […]
Arthur & Castillo at the International Jurists AGM: What a Global Legal Network Means for Clients in the Dominican Republic When a Dominican transaction touches three jurisdictionsm, a seller in Santo Domingo, financing from Madrid, a buyer in Toronto, no single law firm can cover it alone. That is the practical problem international legal networks […]
Registering Imported Food, Drugs and Cosmetics in the Dominican Republic: The DIGEMAPS Rules No medicine, packaged food, cosmetic or hygiene product legally reaches a Dominican shelf, or a Dominican hospital, without passing through one office. Decree 82-15, issued April 6, 2015, created that office: the General Directorate of Pharmaceutical, Foods and Sanitary Health Products, DIGEMAPS, […]
Dominican Free Zones: The Legal Engine Behind an Export Boom Textiles, footwear, cigars, medical devices: the products leaving Dominican free zones read like a map of the country’s industrial strengths, and the United States buys more of them than any other market. When free zone exports grew 6.2% in a single quarter, the strongest pace […]
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