The General Customs Administration has established the system for self- determination of the customs tax obligation. Through this system, the taxpayer of the customs tax obligation (importer, consignee, customs agent or broker) has the power to set, by itself, the quantity of the customs tax obligation. The above means that the taxpayer acknowledges the imported […]
The Dominican Republic trademarks, copyright and patent laws provide the principal protection for intellectual property matters. Dominican Republic is a member of the WTO agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) and has agreed to the minimum standards of protection and reciprocal treatment provided in this treaty, pursuant to the international norms in the […]
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 sale of goods transaction. Below […]
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 […]
The Dominican Limited Liability Company or Sociedad de Responsabilidad Limitada (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 have at least two (2) partners. Each partner must have at least one share or quota. The […]
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