DR Company Mergers and Spin Offs

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 also, by way of spin-off, transfer their assets to one or several existing companies or to one or several new companies.

The above mentioned merger and spin off processes may be conducted among business entities of different classes and will be decided by each of the business entities involved under the conditions established in their bylaws and the mandatory provisions of law.

ABOUT THE AUTHOR: Dra. Maria Arthur Rodger is a Partner, Head of Tax & Private Client at ACLAW, a law Firm in the Dominican Republic. She specializes in tax law (Tax LLM in Georgetown Law Center & Tax LLM in Universidad Pompeu Fabra in Spain) with more than 20 years of experience in tax advisory since the enactment of the Dominican Tax Code. Dra. Maria Arthur is also a CPA, Certified Bankruptcy Liquidator and Legal Interpreter.

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Copyright 2016 Arthur & Castillo | Dominican Law

Disclaimer: This publication is not intended to provide legal advice or suggest a guaranteed outcome as individual situations will differ and the law may have changed since publication. For specific technical or legal advice on the information provided and related topics, please contact the author.