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 […]
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 […]
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 […]
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 Real Estate Property Sale Tax Ruling 08-2014 of December 22, 2014, provides for the Release of Real Estate Property from the seller’s information registered at the Dominican Tax Administration’s registration system. Individuals and legal entities that sale a real estate property before or after the publication of said Tax Ruling must file a release […]
Dominican Regulation of Sale Transfers and Endorsements of New and Used Motor Vehicles, 06-2013 was issued on December 12, 2013 and provides for a procedure to formalize the transfers of vehicles in favor of concessionaires and dealers. Said procedure includes the duty, by the owner of the vehicle, to notify the transfer or exchange of […]
Foreign direct investment in Dominican Republic is regulated under Foreign investment Law 16-95 of November 20, 1995. The purpose of this law is to open foreign investment to most sectors of the Dominican Economy and to provide foreign investors with legal guarantees, benefits and exemptions while doing business in the Dominican Republic. Dominican Foreign Investment […]
Dominican Republic Tax Exemptions Requests and Processing Decree 162-11 was issued on On March 15th, 2011. Decree 162-11 establishes, among others, the following: Previous processing of tax exemptions before the Ministry of Finance. All requests of exemptions supported under laws, concessions, contracts ratified by the Dominican Congress shall be submitted to the Minister of Finance […]
Dominican Republic Customs Valuation is governed by Decree 36-11 of January 20th of 2011 establishing the Regulation for Customs Valuation pursuant to the GATT 1994 Valuation Agreement, whose purpose is to develop the provisions of the Agreement relative to the application of Article VII of the General Agreement of Tariffs and Trade (GATT) of 1994, […]
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