How to establish a Free Zone company in the Dominican Republic: Steps and legal Considerations
Free Zones in the Dominican Republic represent one of the most dynamic pillars of the national economy. According to figures from the National Free Zones Council (CNZFE), this regime contributes approximately 67% of the country's total exports, generates over 190,000 direct and indirect jobs, and, as of the end of
How to choose the ideal business entity for Doing Business in the Dominican Republic
In the Dominican Republic, various business entities are available for establishing companies, each with its own characteristics, specific advantages, and particular limitations. The choice of the type of commercial entity will depend on multiple factors that must be carefully evaluated. Key aspects to consider include the required number of partners, the
The ITBIS in the Dominican Republic: A complete guide for businesses and professionals
The Impuesto sobre Transferencias de Bienes Industrializados y Servicios (ITBIS) is one of the fundamental pillars of the Dominican tax system. Similar to the Value Added Tax (VAT) in other countries, this indirect tax applies to the commercialization of industrialized goods and the provision of services, serving as a key
Free Zones in the Dominican Republic: A complete guide to benefits, requirements, and opportunities
Free zones have been a key driver of economic development in the Dominican Republic, attracting foreign investment, generating employment, and strengthening exports. This sector has boosted industries such as textiles, medical device manufacturing, pharmaceuticals, BPO services, and technology, contributing over USD 8 billion in exports in 2024. Additionally, it has
Transforming the business sector with the new Green Taxonomy in the Dominican Republic
In recent years, sustainability has become a central issue on the agendas of governments, businesses, and international organizations. In line with the United Nations' Sustainable Development Goals (SDGs) for 2030 and the Paris Agreement, the Dominican Republic has taken a significant step forward with the implementation of the Green Taxonomy,
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