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 Law 57-23, creating a tax exemptions regime for civil commercial aviation both national and international was enacted by the Dominican President on October 7, 2023. The purpose of Law 57-23 is to create a tax exemptions regime to civil commercial aviation in the Dominican Republic, with the purpose of promoting and increasing the competitiveness […]
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 […]
Law 51-23 dated August 10th of 2023, which promotes a special temporary audit, management and recuperation of the tax debt provides: (i) a tax status of limitations statement of certain tax debts by the Dominican Tax Administration, (ii) tax debt payment facilities, (iii) a reduced tax audit process and (ix) Government tax debt amnesty; for […]
White List 2023 – 2024 of Countries not considered by the Dominican Republic as tax havens, of low or zero taxation published by the Dominican Tax Administration: Federal Republic of Germany, Kingdom of Saudi Arabia, Antigua and Barbuda, Argentine Republic, Aruba, Republic of Austria, Commonwealth of Australia, Republic of Azerbaijan, Kingdom of Belgium, Republic of […]
The Tax Agreement Procedure in Dominican Republic (DR) for Resolving Controversies arising from Double Taxation Treaties takes as premise the Mutual Agreement Procedure of the Treaties for the Avoidance of Double Taxation where the DR is signatory (Spain and Canada), as per Revenue Ruling 10-2022, issued by the Dominican Tax Administration (DGII) on August 30th […]
El registro de sucursal en la República Dominicana puede ser posible para compañías extranjeras interesadas en hacer negocios en el país. Para iniciar el proceso, se requiere de asesoría legal calificada para evaluar los documentos de constitución de la empresa, redactar, preparar y presentar los documentos corporativos necesarios para el registro de la sucursal, y […]
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 […]
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