Law on Dominican Social Security System
Read the PDF: Law on Dominican Social Security System Law on Dominican Social Security System A. INTRODUCTION B. GENERAL PRINCIPLES 1. Purpose of the Law; Rules and Principles Regulating the Social Security System: The purpose of the new Social Security Law is to organize a Dominican Social Security Scheme (“DSSS” hereinafter) within the framework of
Monetary and Financial law
Read the PDF: Monetary and Financial law Monetary and Financial Law This law creates a regulatory system, which adapts to the international trends of market liberalization and globalization. It unifies numerous laws and regulations and introduces needed changes to the financial sector. TABLE OF CONTENTS SECTION I: General Concepts SECTION II: Monetary and Financial Administration SECTION
Law on the promotion of tourist development for new or low development locations in provinces and districts with great tourist potential, and for the creation of the tourist promotion official fund
Read the PDF Law on the promotion of tourist development Law on the promotion of tourist development for new or low development locations in provinces and districts with great tourist potential, and for the creation of the tourist promotion official fund BACKGROUND The Dominican Republic is the main tourist attraction of the Caribbean. Its geographic
Dominican Republic Puts Out Welcome Mat For U.S. Insurance Companies
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
Textile Law Has Big Impact On The Caribbean
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
Dominican Republic’s Investment Climate Heats Up For U.S. Companies
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
Law concerning the Dominican System of Social Security
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
New Dominican Electricity Law Promotes Private Investment
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
Dominican Republic’s New Financial Law Makes It Easier For U.S. Banks To Enter Dominican Banking Market
U.S. banks seeking to expand overseas may be more likely to turn to the Caribbean country of the Dominican Republic, now that it has passed a new banking law. Located on an island in the Caribbean, the Dominican Republic is a growing destination for U.S. businesses seeking to establish or expand
Doing Busines in the Dominican Republic, Handbook
1. What is the legal system (civil law, common law or a mixture of both)? The Dominican Republic has a civil law based legal system. Foreign investment 2. Are there any restrictions on foreign investment (including authorisations required by central or local government)? There are only restrictions relating to (Article 5, Foreign Investment Law