Dominican Tourism Incentives Law 158-01 of October 1st, 2001, as amended, provides that all individuals and enterprises that venture, promote or invest capitals in designated tourism zones, for tourism activities such as hotels, resorts, cruises, conventions, congresses, festivals, shows and concerts facilities, infrastructure for basic services, entertainment, bio and theme parks, port and maritime infrastructure, […]
The Donations Tax in the 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 […]
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 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 […]
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