Sworn Declaration of patrimony from Public Officials

Sworn Declaration of patrimony from Public Officials

Sworn Declaration of patrimony from Public Officials

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”

Commercial Arbitration in the Dominican Republic

Commercial Arbitration in the Dominican Republic

ABOUT COMMERCIAL ARBITRATION

Commercial Arbitration is a procedure by which a dispute or controversy between two or more parties is known and submitted to the decision of a body constituted outside the ordinary courts.

Arbitration, as an alternative to dispute resolution, “constitutes a real alternative to prevent and adequately, quickly and definitively solve conflicts that arise in national and international trade transactions,” indicates Law 479-08 on commercial arbitration. Continue reading “Commercial Arbitration in the Dominican Republic”

REGISTRATION OF FOREIGN COMPANIES TO BECOME SUPPLIERS OF THE DOMINICAN GOVERNMENT | REGISTRO DE SOCIEDADES JURÍDICAS EXTRANJERAS PARA SER PROVEEDORES DEL ESTADO DOMINICANO

REGISTRATION OF FOREIGN COMPANIES TO BECOME SUPPLIERS OF THE DOMINICAN GOVERNMENT

REGISTRATION OF FOREIGN COMPANIES TO BECOME SUPPLIERS OF THE DOMINICAN GOVERNMENT

 

The sale of products and services to the Dominican Government to meet their industrial needs and specialized services, is an opportunity to access a large volume market, available not only for national physical and legal entities, but also for foreigners, being this a practice ruled by the principle of equality and free competition, which demands to respect the participation of all possible bidders. Continue reading “REGISTRATION OF FOREIGN COMPANIES TO BECOME SUPPLIERS OF THE DOMINICAN GOVERNMENT”

TAX INCENTIVES TO RENEWABLE ENERGIES IN THE DOMINICAN REPUBLIC - INCENTIVO A LAS ENERGÍAS RENOVABLES EN LA REPÚBLICA DOMINICANA - Santana Ripoll

TAX INCENTIVES TO RENEWABLE ENERGIES IN THE DOMINICAN REPUBLIC

TAX INCENTIVES TO RENEWABLE ENERGIES

Through Law No. 57-07, the Dominican Republic consolidates its efforts to increase its unconventional energy diversity, with the main objectives of reducing dependence on imported fossil fuels, stimulate private investment projects, developed from renewable sources of energy, and essentially, reduce the negative environmental impact caused by energy operations with fossil fuels. Continue reading “TAX INCENTIVES TO RENEWABLE ENERGIES IN THE DOMINICAN REPUBLIC”

REGISTRATION PROCESS FOR A FOREIGN COMPANY IN THE DOMINICAN REPUBLIC - PROCESO DE REGISTRO DE SOCIEDAD EXTRANJERA EN LA REPÚBLICA DOMINICANA

REGISTRATION PROCESS FOR A FOREIGN COMPANY IN THE DOMINICAN REPUBLIC

REGISTRATION PROCESS FOR A FOREIGN COMPANY

The Dominican Republic, through the General Law of Commercial Companies, No. 479-08, grants foreign companies the opportunity to regularly perform trade acts in the country, or establish a branch office or permanent establishment in the national territory. Continue reading “REGISTRATION PROCESS FOR A FOREIGN COMPANY IN THE DOMINICAN REPUBLIC”

RIGHTS OF TAXPAYERS IN THE DOMINICAN REPUBLIC - DERECHOS DE LOS CONTRIBUYENTES EN LA REPÚBLICA DOMINICANA

RIGHTS OF TAXPAYERS IN THE DOMINICAN REPUBLIC

RIGHTS OF TAXPAYERS

Counterposing to the duties of taxpayers established in Law 11-92, the Directorate-General of Internal Taxes of the Dominican Republic (DGII), contemplates the inherent rights of these taxpayers, in order to provide an efficient and appropiate service to the same, always complying with the requirements of equality, proportionality and rationality that must govern the tax process. Continue reading “RIGHTS OF TAXPAYERS IN THE DOMINICAN REPUBLIC”

REGISTRO DE ALQUILER DE INMUEBLE EN LA REPÚBLICA DOMINICANA - REGISTRATION OF RENT OF REAL ESTATE PROPERTY IN THE DOMINICAN REPUBLIC - WEB - Santana Ripoll

REGISTRATION OF RENT OF REAL ESTATE PROPERTY IN THE DOMINICAN REPUBLIC

REGISTRATION OF RENT OF REAL ESTATE PROPERTY IN THE DOMINICAN REPUBLIC

The rental of real estate is a very common practice in the Dominican Republic, which, despite having legislation for its regulation, is constantly conditioned by a detrimental informality to the renter and to the tenant as well.

One of the main vices in this practice is the non-registration of the contract in the Agricultural Bank, required by law 17-88, along of the sum of money delivered as deposit by the tenant.

This money amount must correspond to the equivalent of at least one (1) month’s rent in contracts up to one year; of two (2) months of rent in the contracts of two years or of a year and a half and onwards; and three (3) months of rent in contracts of three years or more, or two and a half years onwards.

Whether this amount equals the parameters already indicated, or that include advances of greater amount, there will always be an obligation on the property owner to make the deposit in the Agricultural Bank along of the original rental contract in the fifteen (15) days of its validity. In case of a breach of this term, the owner will pay a surcharge of ten percent (10%) for each month of delay, without exceeding in any case fifty percent (50%) of the amount to be deposited, being this added to the initial amount and in favor of the tenant.

This registration is of great importance, due to the regulatory role of this institution in cases such as denial of the owner to accept the rent payment, that could be deposited in the Agricultural Bank, as a real payment offer, free of any contribution or charge.

The Agricultural Bank must also pay the tenants an interest for the amounts received on deposit, at a rate similar to that established for savings accounts, interest that will accrue annually to the deposit.

LA INTERDICCIÓN JUDICIAL EN LA REPÚBLICA DOMINICANA Web

INTERDICTION IN THE DOMINICAN REPUBLIC

INTERDICTION IN THE DOMINICAN REPUBLIC

Interdiction consists of the legal status of persons who have been deprived of the capacity to exercise, by judicial decision, for which they are put under the protection of a represent for their legal acts and the administration of their assets.

The importance of this legal figure lies in the mean of protection it symbolizes for people who are under dementia or mental derangement in a definitive or temporary manner, due to the vulnerability they face before society, and could be victims of deception that affect their heritage or integrity. Continue reading “INTERDICTION IN THE DOMINICAN REPUBLIC”