Do you need to obtain the registration of your foreign investment and freely repatriate your dividends, as well as benefit from the incentive programs?
Being the Dominican Republic a blessed land, there are many real estate projects being developed throughout the country, especially in tourist areas. Common sense tells us that before purchasing any land, it is necessary to have the assistance of a good lawyer to determine the status of the property, its current situation, and whether it is or will be a good investment.
The institution responsible for collecting the various taxes in our country is the General Directorate of Internal Taxes, known by its acronym DGII. Among the main existing taxes are:
There are no restrictions for foreign investors to organize commercially in the Dominican Republic, whether through a corporation, partnership, or company, as they prefer to call it. Our commercial legal framework requires a minimum of seven shareholders.
In principle, the content of the Dominican Labor Code protects the rights of workers.
Dominican law does not require extensive formalities for the existence and validity of an employment contract. As stated in the Labor Code, “an employment contract is not the one that exists in writing, but the one that is carried out in practice.”