Tax Regime of Trusts in Dominican Republic

By Maria Arthur (marthur@aclaw.com) On August 24th of 2012, the Tax Authorities (DGII) issued Ruling 02-12 regarding the Tax Regime of Trusts with the purpose of establishing the regulations and procedures to be complied with by trusts and the parties thereto involved, with respect to their tax duties and obligations. Pursuant to the provisions set […]

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

By Maria Arthur marthur@aclaw.com 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 […]

DR Immigration, residence and work visas

By Maria Arthur (marthur@aclaw.com) 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 […]

Dominican Fast Divorce

By Maria Arthur (marthur@aclaw.com) 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 […]

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

 By: Maria Arthur. (marthur@aclaw.com) 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 […]

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 […]

Private International Law 544-14

 By Maria Arthur (marthur@aclaw.com) On October 15th of 2014, the Executive Branch enacted Law 544-14 of Private International Law of the Dominican Republic, which is now considered one of the most advanced references in the Caribbean. The objective of Law 544-14 is to regulate the private international relationships of a civil and commercial character in the […]

Trusts Law 189-11

 By Maria Arthur (marthur@aclaw.com) Dominican Republic Trusts Law 189-11 for the Development of the Mortgage Market and of Trusts in the Dominican Republic creating a legal framework for propelling the development of the mortgage and securities market and incorporates the legal institution of the trust (“fideicomiso”) in the Dominican Republic was enacted on July 16th of […]