The Donations Tax in Dominican Republic applies to all transfers of property made through a Donations Act, at the same taxable rate in place for the income tax of legal entities (currently 27%), over the value of the goods donated; payable by the donatee or recipient, or by the donor if stipulated therein; according to […]
Commercial debt collection in Dominican Republic can be achieved through a lawsuit for debt collection, which is the mechanism used by creditors to pursue the collection of moneys derived from a debt by means of the Dominican judicial system. Suing for debt collection should be most useful whenever the creditor considers that his credit is […]
Dominican Real Estate Register and Cadastral Measurements Office established technical provisions on March 31st, 2021, on the requirements for applications and the receipt and delivery of Dominican real estate services requests before Dominican Title Registrars, Regional Measurements Offices and Dominican Real Estate Register offices. Such provisions seek the unification and standardization of technical requirements for […]
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 Free Zones system establishes at least three categories of free zones which offer opportunities for investors and exporters at the different levels of industrial processing, taking into account their location, number, qualification of job posts and the origin of the raw materials and of the products to be processed or finished. Dominican Free […]
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 real estate property inheritance is subject to the application of Dominican Law. Under Dominican Law, there are two very important aspects of Dominican property inheritance which have an impact on Dominican property inheritance of real estate assets of a deceased individual: the time and domicile of the deceased. The time of opening of a […]
Dominican Republic Tourism Sector Land Use and Organization Plan After the approval of the Manual of Norms and Procedures for the Processing of Tourism Projects of March 9th of 2012, establishing the requirements for the processing of No Objection to the use of Land and Design Parameters, the Ministry of Tourism of the Dominican Republic […]
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