Individuals from any country may obtain a permanent residence in the Dominican Republic provided that they receive a monthly pension of at least UDS1,500 or rents (passive income) of at least USD2,000. Dominican permanent residence status is granted to retirees and rentiers that complete the request process. This special incentives Law program for rentiers and […]
Dominican Republic joint ventures are recognized by Law as business entities which are contractual in nature and called “joint participation” entities. They are considered as business entities as long as their purpose and scope of activities are commercial in nature. These entities are incorporated through a contract by which two or more persons who have […]
Dominican Branch registration may be possible for foreign companies interested in doing business in the Dominican Republic (DR). To begin the process, qualified legal counsel is required for evaluating the company incorporation documents, drafting, preparing and filing the required corporate documents for branch registration and requesting, responding, following up and obtaining a Taxpayer Identification Number […]
The Dominican Ministry of Labor reminded employers on January 1st, 2021, that they must submit to the Labor Department a certified list of staff employed on a fixed-term basis for an indefinite period, within fifteen days following the starting of their activities. According to article 15 of regulation number 258-93 annually, every employer is obliged […]
A Dominican Republic Law overview allows us to understand why Dominican Republic is the Caribbean‘s leading foreign investment, air and sea transportation, export free zones, and tourism destination. The main factors which helped Dominican Republic to attain this position are its geo strategic position in the very center of the Caribbean and between the United […]
The Dominican Individual Limited Liability Company or EIRL belongs to an individual and is an entity provided with its own legal personality, with capacity to be owner of rights and obligations, which form an independent and separate patrimony from all the other assets of the individual owner of such enterprise. It may conduct all types […]
Dominican Company Incorporation main steps are the following: Search before the Dominican Trademark Office, draft and file the request of registration to obtain a company trade name. Draft by-laws, minutes of the incorporation meeting and related incorporation documents. These may be drafted as private documents or as a notary public act for signing by the […]
Dominican Trade Name Registration is governed by Executive Decree 260-18 amending articles 65 and 66 of Decree Regulation 599-01 of Dominican Intellectual Property Law 20-00 of May 10, 2000 for the purpose of making more efficient some government procedures and optimizing the country’s institutional regulatory scheme. Through this amendment, the registrability of distinctive signs such as […]
Employment in Dominican Republic is regulated by the provisions of Law 16-92 of May 29th of 1992, which approves the DR Labor Code, to establish the rights and obligations of employers and workers and promote the means to reconcile their interests. Among the topics covered in the labor code are minimum wages, maximum hours of […]
On January 3th of 2017, The Judicial Branch Council (CPJ acronym in Spanish) of the Dominican Republic issued an Act which establishes the halls for the liquidation and restructuring courts for companies and individuals traders. The First Hall of the Civil and Commercial Chamber of First Instances of the National District and second Hall of […]
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