Forty years ago (in 1978) it was unthinkable to have the communication resources with which we have at present. Globalization was not known and trade barriers were very common. Continue reading “About Intellectual Property Rights in the Dominican Republic”
The Dominican Republic imports and exports products to and from around the world. Continue reading “IMPORTS AND EXPORTS”
Dominican law accords equal treatment to domestic and foreign investment. Continue reading “FOREIGN INVESTMENT”
In the DR anyone is allowed to “give” his last name to another person through a name change process. In this case I guess you would be giving the child your last name. Continue reading “How to change your name in Dominican Republic?”
Foreign companies and/or individuals may conduct business in the Dominican Republic by setting up a Dominican Corporation.
Any company duly organized and existing in accordance with the laws of its country of origin can set up a branch in the Dominican Republic by registering at the Business Registry and obtaining a tax number from the Internal Revenue Agency. Additional approvals may be required in certain regulated industries.
Registration requires that (a) all incorporation documents of the foreign company be translated into Spanish and authenticated, (b) corporate minutes establishing a registered office in the Dominican Republic and naming a local representative, and (c) particulars of the local representative and the company’s shareholders.
Registration is not necessary if the activity of the foreign company is limited to acquiring equity in a local business entity or to occasional transactions in the Dominican Republic. Continue reading “Organizing your Business in Dominican Republic”
The Dominican Republic recently enacted a law that is helping the country’s mortgage market to develop while providing significant opportunities for investors, as well as a boost for the country’s efforts to expand its housing stock.
The new law defines a number of key terms, including ‘trust’, ‘settlor’, ‘trustee’ and ‘beneficiary’. A ‘settlor’ is a party that transfers property to a trust that is under the care of a legal entity (e.g, a multiple-service bank or other financial institution or an investment fund manager), where such entity is authorized to act as a trustee for the benefit of a beneficiary. Continue reading “NEW MORTGAGE FACILITIES IN DOMINICAN REPUBLIC”
ARTICLE I.- Mineral substances of every nature which are found in the soil of the national territory as well as in the underwater soil and subsoil of the territorial sea, belong to the State. Continue reading “MINING LAW OF THE DOMINICAN REPUBLIC – LAW NO. 146”
The Dominican Republic is the larger of two Caribbean nations on the island of Hispaniola, with its smaller neighbor being Haiti. Often referred to simply as the DR, the Dominican Republic is increasingly developing a reputation as a small nation with big opportunities for gold miners. Continue reading “DOMINICAN REPUBLIC ATTRACTING GOLD JUNIORS”