Bill regarding Asset Revaluation

On September 3rd of 2018, the President of the Dominican Republic submitted a Bill before Congress regarding the application of a temporary tax regime for the Declaration and Revaluation of Assets, based on the need to create certain conditions for the tax payers to be able to voluntarily transparent their goods and real estate assets, […]

Proyecto de Ley sobre Revalorización Patrimonial

El 3 de septiembre del 2018, el Presidente de la República Dominicana sometió ante el Congreso un Proyecto de Ley sobre Declaración y Revalorización Patrimonial, ante la necesidad de crear condiciones para que los contribuyentes puedan, voluntariamente, transparentar sus bienes muebles e inmuebles no declarados ante la Dirección General de Impuestos Internos (DGII), así como […]

Registration of Wills in Dominican Republic

Notary Law 140-15, created a Register of Wills to protect the interests of the parties involved in a will prepared in the Dominican Republic. As a result, all notaries that provide notarization services for the preparation of a will must register an extract of such will, before the corresponding judicial authority, within a period of […]

Dominican Fast Divorce

The Dominican fast divorce (“Divorcio al Vapor” in Spanish) is the most effective, easy, relieving, and confidential way used by foreign nationals and Dominicans residents abroad to get a divorce. The quick divorce in the Dominican Republic is a special mutual consent divorce which was established more than 45 years ago by Law 142, and […]

Dominican Residence for Retirees and Rentists

By Maria Arthur (marthur@aclaw.com) Applying for a special residency by investing the Dominican Republic, or a special residency for pensioners or rentiers of foreign source income, constitutes a legal privilege that exempts its beneficiary from the procedure of previously applying for a temporary residence in the Dominican Republic. This implies a series of administrative facilities […]

DR Taxation and Tax Treaties

Income tax: The Dominican Government levies corporate income tax at the flat rate of 27% on profit after allowable tax deductions. The basis for determining taxable income is locally sourced income and foreign source income derived from investment and financial gains. There are very few differences between statutory profit and taxable profit, apart from the […]

DR Single Owner Limited Company

The Dominican Single Owner Limited Liability Company or EIRL belongs to an individual and is an entity provided with its own legal personality, with capacity to be owner of rights and obligations, which form an independent and separate patrimony from all the other assets of the individual owner of such enterprise. It may conduct all types […]

Dominican Property Inheritance

Under Dominican Law, there are two very important aspects of Dominican property inheritance which have an impact on Dominican property inheritance of real estate assets of a deceased individual: the time and domicile of the deceased. The time of opening of a state is the day that death occurs. Based on this rule of law, […]

DR Immigration, residence and work visas

Any foreigner that enters the Dominican Republic falling within the several Dominican immigration categories is considered a (temporary or permanent) “resident” or a “Non Resident”. Generally, a valid Passport and a Tourist Card which may be purchased upon arrival at the airport is sufficient to enter the country. All nationals of countries that are able […]

Dominican Divorce by Mutual Consent

By Maria Arthur (marthur@aclaw.com) The Dominican divorce by mutual consent or no-fault divorce is the most easy, inexpensive, fast and simple way to end your marital union in the Dominican Republic (DR). The estimated time to obtain a Dominican divorce by mutual consent is of six to eight weeks when both spouses are Dominicans and […]