Dominican Republic joint ventures are recognized by Law as business entities which are contractual in nature and called “joint participation” entities. They are considered as business entities as long as their purpose and scope of activities are commercial in nature. These entities are incorporated through a contract by which two or more persons who have […]
Dominican Republic Private International Law 544-14 was enacted on October 15th of 2014, and is now considered one of the most advanced references in the Caribbean. The objective of Private International Law 544-14 is to regulate the private international relationships of a civil and commercial character in the Dominican Republic, in particular those related to […]
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 […]
Residence by investment in Dominican Republic, or special residence for pensioners or rentiers of foreign source income, constitutes a legal privilege that exempts its beneficiary from the procedure of previously applying for a temporary residence in the Dominican Republic. This implies a series of administrative facilities for the requester, such as a more expedite process […]
Dominican Company Incorporation main steps are the following: Search before the Dominican Trademark Office, draft and file the request of registration to obtain a company trade name. Draft by-laws, minutes of the incorporation meeting and related incorporation documents. These may be drafted as private documents or as a notary public act for signing by the […]
Dominican real estate due diligence is the first step for verifying that the title to a prospective real estate property is clear and marketeable. The purchase of Dominican Republic real estate property is governed by Real Estate Property Law 108-05 of 2005 and its regulations as well as the Dominican Civil Code and other special […]
Dominican Republic Tourism Law declares of national interest the promotion of Dominican tourism, whether, historic, religious, archaeological, of natural resources and all other forms and its related activities. Tourism Law 541 of 1969 was enacted at a time when most Dominican Tourism was of local nature and the country’s wide array of pristine beaches and […]