How to establish a Limited Liability Company (S.R.L.) in the Dominican Republic
A Limited Liability Company (S.R.L.) is one of the most widely used corporate structures in the Dominican Republic due to its balance between legal security and operational flexibility. General Law regulates it on Commercial Companies and Limited Liability Sole Proprietorships No. 479-08 and its amendments. This type of company allows multiple
Key aspects of severance pay and its regulation in the Dominican Republic
Severance pay (cesantía) is a fundamental labor right in the Dominican Republic, designed to provide financial support to employees whose employment contracts are unjustifiably terminated. This article explores the main aspects of severance pay, as well as the ongoing debate regarding potential Labor Code reforms that could impact this right. Definition
Basic guide to notice of termination in the Dominican Republic
In the workplace, the termination of an employment contract can create uncertainty for both the employer and the employee. To ensure that both parties have the necessary time to adapt to this situation, Dominican labor law establishes notice of termination (preaviso) as a fundamental requirement. Regulated by the Labor Code,
Executive Summary on General Rule 03-24 of the DGII
Introduction On November 28, 2024, the General Directorate of Internal Taxes (DGII) issued General Rule 03-24 to establish an updated regulatory framework governing the procedure for discharging real estate properties in the Dominican Republic. This regulation responds to the need to strengthen legal certainty in real estate transactions and ensure compliance
Strategic benefits of implementing ESG policies in businesses
In today’s competitive business environment, Environmental, Social, and Governance (ESG) policies have shifted from being optional to becoming essential. More than just a passing trend, they represent a profound change in how companies create value, meet stakeholder expectations, and ensure long-term sustainability. Adopting ESG policies is not just about regulatory
Why is corporate governance essential for law firms?
In an ever-evolving legal landscape, law firms face increasing pressure to operate with transparency, accountability, and efficiency. Traditionally viewed as limited liability partnerships or professional corporations, law firms are now more akin to complex corporations requiring robust governance frameworks. While corporate governance is often associated with large publicly traded companies
Renewable energy in the Dominican Republic: an opportunity for investors
The Dominican Republic is at a pivotal moment in its energy transition, driven by a strong commitment to sustainable development and decarbonization. Aligned with the Sustainable Development Goals (SDGs) and international agreements such as the Paris Agreement, the country has made significant progress in promoting renewable energy in recent years.
Judicial support in the arbitral process. Overview and specificities in the Dominican Republic
Abstract: The aim of the 1985 UNCITRAL Model Law, as evidenced by recent modifications to arbitration laws in Ibero-America, is to limit judicial intervention in international commercial arbitration. This trend appears to be justified by the fact that parties in an arbitration agreement deliberately choose to exclude judicial jurisdiction, with
Reform No. 15, 2024, Commercial Companies Act Register of Beneficial Owners – British Virgin Islands (BVI)
Starting from January 2, 2025, in order to ensure transparency, all commercial companies incorporated in the British Virgin Islands (BVI) will be required to submit information regarding their beneficial owners to the Corporate Affairs Registry of the BVI Financial Services Commission. Deadlines: Existing companies: Must fulfill the obligation between January 2,