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What is the most common form of business vehicle used by foreign companies to conduct business in your jurisdiction? In relation to this vehicle, please provide details on: · Registration formalities (including timing). · Minimum (and maximum) share capital.
- Doing Business in The Dominican Republic
Doing business in the Dominican Republic Published on:...
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- Doing Business in The Dominican Republic
26 Οκτ 2024 · Here, we outline critical considerations for companies in the Dominican Republic, including economic stability, regulatory factors, taxation, labor market nuances, and cultural aspects. The Dominican Republic boasts a strong economy with stable growth and moderate inflation.
Complete forms: Fill out the corresponding application forms for each permit or license. Submit documents: Submit completed forms and necessary documentation to the appropriate entities. Inspections and Evaluations
To be able to register a foreign company in the Commercial Registry of the Dominican Republic, you will need the following documents: One (1) original and one (1) copy of the Bylaws of the foreign company, sealed by the Dominican Consulate before the country of origin of the company.
Since the Dominican Republic is a civil law jurisdiction, the nature of legal rules governing the employment relationship are mainly statutory. The Dominican labour law regime is governed essentially by the Labour Code and resolutions issued by administrative labour authorities.
After shrinking 6% in 2020, the country’s GDP leaped up by 12% in 2021 and grew nearly 6% in 2022, which is at the high end for the region. Remittances increased nearly 50% in 2021 compared to pre-pandemic highs, keeping the economy afloat until tourism rebounded and FTZs revived.
Interested in entering or expanding your activity in the Portuguese market? Then this guide is for you! The main objective of this Doing Business Guide is to provide you with basic knowledge about the Dominican Republic; an overview of its economy, business culture, potential opportunities and an introduction to other relevant issues.
