Collateral 1 What types of collateral are available? Real estate, operating and other license rights or concessions, leaseholds, buildings, moveable property, contractual rights, receivables, shares, securities, onshore and offshore bank accounts, entire enterprises, after-acquired property, proceeds from investments and the sale of collateral are all available. Subject to limited restrictions, security may be granted

The Dominican State issued, on November 24 2008, Presidential Decree No. 758-08, which implemented a Simplified Tax Procedure (STP) for Reporting and Paying Income Tax and Value Added Tax (ITBIS), to help small local taxpayers, lacking an organized accounting system, to comply with their tax obligations. This procedure is intended to

Collateral 1 What types of collateral are available? Real estate, operating and other licence rights or concessions, leaseholds, buildings, moveable property, contractual rights, receivables, shares, securities, onshore and offshore bank accounts, entire enterprises, after-acquired property, proceeds from investments and the sale of collateral are all available. Subject to limited restrictions, security may be

Mining industry 1.What is the nature and importance of the mining industry? Mining is an important activity in the Dominican Republic. The main minerals found in the country are gold, silver, nickel, marble, limestone and granite. The significance of the mineral resources of the country makes this one of the most attractive

1.   Form How many businesses combine? The most common forms of business combination in the Dominican Republic are mergers, share purchases, asset purchases and joint venture agreements. Mergers usually occur when two or more companies form a new company or when an existing company absorbs one or more companies. This type of combination is

When the Dominican Republic enacted a new insurance law last summer, it affirmed its interest in having insurance companies from the United States and other countries operate in the Dominican Republic. The new law also makes clear what requirements insurers from the U.S. and elsewhere must meet to enter the

Last year, the United States Congress passed the Trade and Development Act of 2000. The law was intended in large measure to promote the economic development of the Caribbean region by expanding trade relations between the U.S. and the countries of this area. Although it may be too early to

Located on an island in the Caribbean, the Dominican Republic is a growing destination for U.S. businesses seeking to establish or expand overseas operations. An economically and politically stable country organized as a representative democratic government, it is the Caribbean's largest democratic country. The Dominican Republic had an inflation rate

A. Introduction B. General Principles 1. Objective of the Law, regulations, and principles of the Social Security System. The objective of the new Social Security Law has been to establish the Dominican System of Social Security (hereinafter “SDSS”) within the framework of the Constitution of the Dominican Republic, to regulate and develop the reciprocal rights

In recent years, the Dominican Republic has enacted a wide variety of new laws intended to enhance foreign investment in the country. These include new tax, foreign investment and environmental statutes. Recently, the government enacted a new general law of electricity. This new law recognizes the importance of the private sector in