Buying your first home is a dream, but many people realize too late that obtaining a mortgage can turn into a path full of surprises and legal obstacles.
What happens if the bank changes conditions without notifying you? Or if charges appear that were never clearly explained? Continue reading “Your rights as a borrower: don’t sign a mortgage without knowing this.”
There is something almost everyone does when starting a business, closing a deal, or entering into a partnership: they trust. They trust in someone’s word, in the relationship, in “good faith.” And for a while, everything works. No one thinks about contracts when things are going well… until they stop.
At Santana Ripoll & Assoc., it is very common to meet people who come in with the same idea: they want to adopt, but they don’t really know where to begin. And it’s not due to a lack of interest or intention, but because the adoption process is not always as clear as it may seem from the outside.
When a legal issue arises, many people quickly jump to one conclusion: “this needs to go to court.” It’s almost automatic. Justice is often associated with courtrooms, hearings, and a judge making the final call. But reality is more complex… and in many cases, very different.
Continue reading “Going to court isn’t always the best decision… and many realize it too late”
Many foreigners visit the Dominican Republic for vacation and end up having the same conversation before returning to their country: “Can you imagine living here?”
Continue reading “How to obtain residency in the Dominican Republic?”
The Senate of the Dominican Republic has taken an important step by approving in second reading the Bill that amends Law 16-92 and approves the Labor Code to include Telework as a Work Modality in the country. This initiative, presented by senators Santiago José Zorrilla and Aris Yván Lorenzo, seeks to promote the inclusion of the productive sectors in the digital economy and the use of technological communication tools. Continue reading “The Senate approves Telework”
The sworn declaration of patrimony assets has its first foundation in article 146.3 of the Dominican Constitution, which establishes it as mandatory for “public officials (…) before and after having completed their functions or at the request of the competent authority.” Continue reading “Sworn Declaration of patrimony from Public Officials”
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”