The General Customs Administration has established the system for self- determination of the customs tax obligation. Through this system, the taxpayer of the customs tax obligation (importer, consignee, customs agent or broker) has the power to set, by itself, the quantity of the customs tax obligation. The above means that the taxpayer acknowledges the imported […]
Intellectual Property in Dominican Republic: Patents, Trademarks, Trade Names & Copyright, Explained Before committing capital to a new market, sophisticated companies ask a blunt question: if we bring our technology and our brand here, can we keep them? In the Dominican Republic the answer runs through two statutes, two agencies and a set of international […]
Documentary Sales: How Exporters and Importers in the Dominican Republic Get Paid Without Getting Burned A container leaves the Port of Caucedo bound for a buyer the seller has never met. The goods are worth six figures. The seller wants payment before losing control of the cargo; the buyer refuses to pay for merchandise that […]
Under Dominican Republic Law 479-08 of Commercial Entities and Individual Limited Liability Enterprises provides, in relation to company mergers, 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 […]
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 […]
Arthur & Castillo at the Launch of Shopmundo.com, Dominican E-Commerce Platform Before online marketplaces became routine in the Dominican Republic, launching one was news. On October 27, 2015, hundreds of guests gathered at the Dominican Fiesta Hotel & Casino in Santo Domingo for the press launch of Shopmundo.com, presented as the country’s first e-commerce platform, […]
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 […]
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