Tag: Registration

REGISTRATION OF FOREIGN COMPANIES TO BECOME SUPPLIERS OF THE DOMINICAN GOVERNMENT

Posted by GABRIELA PICHARDO ARIAS on April 10, 2018 with 0 Comment

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” →

REGISTRATION PROCESS FOR A FOREIGN COMPANY IN THE DOMINICAN REPUBLIC

Posted by GABRIELA PICHARDO ARIAS on February 20, 2018 with 0 Comment

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” →

REGISTRATION OF RENT OF REAL ESTATE PROPERTY IN THE DOMINICAN REPUBLIC

Posted by GABRIELA PICHARDO ARIAS on January 2, 2018 with 0 Comment

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.

REGISTRO DE ORGANIZACIONES SIN FINES DE LUCRO EXTRANJERAS EN LA REPÚBLICA DOMINICANA - REGISTRATION OF FOREIGN NON GOVERNMENTAL ORGANIZATION IN THE DOMINICAN REPUBLIC

REGISTRATION OF FOREIGN NON GOVERNMENTAL ORGANIZATION IN THE DOMINICAN REPUBLIC

Posted by GABRIELA PICHARDO ARIAS on December 15, 2017 with 0 Comment

REGISTRATION OF FOREIGN NON GOVERNMENTAL ORGANIZATION

The Dominican state has considered non-profit institutions as relevant entities for the strengthening and development of a democratic and participatory civil society, due to its contributions in the execution of useful or fruitful objectives for the whole society. Continue reading “REGISTRATION OF FOREIGN NON GOVERNMENTAL ORGANIZATION IN THE DOMINICAN REPUBLIC” →

REAL ESTATE PROPERTY REGISTRATION IN THE DOMINICAN REPUBLIC

Posted by GABRIELA PICHARDO ARIAS on November 8, 2017 with 0 Comment

REAL ESTATE PROPERTY REGISTRATION IN THE DOMINICAN REPUBLIC

To declare publicly and legally, the property right that is intended to have in unregistered lands, the Dominican state has the sanitation process.

Sanitation is defined by law 108-05 of real estate registration, as the process of public order to determine and individualize the land, the rights that fall on it are purged and they are registered for the first time. Also, it contemplates the Dominican state and any individual or entity that claims or possesses a right over an unregistered property, such as the entities capable of initiating it.

To justify the claim of property rights on unregistered land, there must be possession, which is appreciated when a person has in his power a property as owner or by another exercising the right under the power of representation, acted as public, uninterrupted, peaceful and unequivocal, during any of the periods contemplated in the Civil Code, as an acquisitive prescription, consisting of five (05), ten (10) or twenty (20) years.

The sanitation process consists of three stages: cadastral, judicial and registry, the latter mentioned, ends the process by issuing the ownership title certificate, enabling the registration of complementary seats and thereby granting publicity. This has the characteristics of a public, official, authentic, enforceable and imprescriptible document, in favor of the person who has been awarded the property.

These reasons are based on the importance of the real estate property registration, which is provided for the guarantee of property rights, and safeguards the inherent protections, for the existence of a real estate right in the Dominican Republic´s territory.