Dominican Real Estate Purchase Closing

On the day of Dominican Real Estate Purchase Closing the seller may be asked to furnish the buyer in addition to the original certificate of title (owner’s duplicate) a series of legal documents which are most commonly gathered, requested and obtained by the seller’s attorney. Among these documents is the certification issued by the title […]

DR and United States sign Punta Cana Airport customs agreement

Now it will be easier for travelers to use the Punta Cana’s International Airport bound for the United States. The Dominican and US customs authorities signed an air pre-authorization agreement for travelers using Punta Cana’s international airport to the United States on December second (2nd) of 2016, whereby they will be exempt from registering at […]

Dominican Trusts Law

Dominican Republic Trusts Law for the Development of the Mortgage Market and of Trusts in the Dominican Republic creating a legal framework for promoting the development of the mortgage and securities market and incorporates the legal institution of the trust (“fideicomiso”) in the Dominican Republic was enacted on July 16th of 2011. Trusts Law 189-11 […]

Dominican Rep .DO TLD 25 Years

The Dominican Republic will be celebrating the 25th anniversary of the top level domain (TLD) .DO as part of a four day event called Internet Week on August 22 to 25 of 2016. The event is organized by the Latin American and Caribbean Internet Registry (LACNIC), ICANN, the Latin America and the Caribbean TLD Association (LACTLD), […]

DR Register of Foreign Services Providers

Foreign professional service providers must register and present their technical or professional qualifications as a guarantee, to be able to operate temporarily in the Dominican Republic. The creation of such register was decided by the Dominican Consumer Protection Institute (“Pro Consumidor”) Resolution 03-2011 of July 21st of 2011, pursuant to article 53 of the Dominican […]

DR Customs Intellectual Property Protection

Dominican Intellectual Property Law 20-00, and Law 426-06 for the implementation of the DR-CAFTA, establishes that if the owner of intellectual property rights suspects that an import of goods in violation of its rights is being prepared, it may request a court as a preventive measure to order customs to suspend such dispatch of goods […]

Dominican Customs Regimes

The Dominican Republic Customs Law allows for different customs regimes which may be applied to according to the desired commercial, export and trade operation, including most that we summarize as follows: Regime of Import for Consumption Article 53 of Law No. 3489, provides that the duties and taxes to be paid over the imported goods […]

Corporate Law Overview

Business entities performing commercial activities in the Dominican Republic are governed by Dominican Law 479-08 of Commercial Entities and Individual Limited Liability Enterprises, enacted on December of 2008 as well as by inter party agreements, commercial practices and common law. The Law will consider that there is a commercial entity whenever two or more individuals […]

DR Taxation and Tax Treaties

Dominican Taxation and Tax Treaties ratified by the Dominican Republic consist of the following: Income tax: The Dominican Government levies corporate income tax at the flat rate of 27% on profit after allowable tax deductions. The basis for determining taxable income is locally sourced income and foreign source income derived from investment and financial gains. […]

Dominican Customs Tax

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 […]