Guzmán Ariza, Attorneys at Law Company Law (“Ley de Sociedades”) #, effective Dec. 11, , as amended by Law. # of Feb. Company Law (“Ley de Sociedades”) #, effective Dec. . Bolsa de Valores de la República Dominicana (), created in. Ley No. , sobre Las Sociedades Comerciales y. Empresas Individuales de Responsabilidad Limitada, en República Dominicana.

Author: Grokasa Zulkinris
Country: Zambia
Language: English (Spanish)
Genre: Business
Published (Last): 15 June 2005
Pages: 206
PDF File Size: 14.20 Mb
ePub File Size: 5.17 Mb
ISBN: 727-1-29492-502-7
Downloads: 30797
Price: Free* [*Free Regsitration Required]
Uploader: Feshakar

For tax purposes, they must keep separate accounts from their head office so as to facilitate the determination of their income. Adequate physical facilities and equipment for food, emergency medical services, etc.

Copy of Las Sociedades Comerciales by johnson moreno on Prezi

The representatives of the operators and of the associations of free-zone corporations may be represented by deputies designated before the National Council on Free Zones. Paperless or electronic securities are also available reducing the risk of loss, theft, or forgery, and improving the speed of transfers, liquidation, and compensation.

The Superintendent of Securities authorizes all issuers and securities before placement on the market. Once the offering rwpublica approved, the securities and issuer must be registered with the Securities Exchange Registry, which will publish for public notice the name of the issuer, the types of securities and their ratings, and the broker handling placement of the securities on the exchange.

They may operate temporarily or permanently. A listing of issues and the issuing companies is maintained at.

Any individual or company that violates the law is subject to administrative, civil, and criminal penalties. Lej in a corporation are negotiable, although certain restrictions may be established in its bylaws. Minutes of this meeting must be recorded at the Business Registry. Where a grave violation not expressly listed in the law is committed, a court will determine the applicable penalties.


The management of corporations must consist of a board of directors of at least three members, which do not have to be natural persons.

Legislation Dominican Republic (Lexadin)

Many law firms retain shelf companies that are ready to go and available for purchase at a premium price. A broker can be any Dominican or foreign individual or company that is regularly engaged in broker activities either on or off the stock market.

Many participants organize and coordinate market transactions to promote efficiency and transparency. As a value-added tax, the company pays to the government every month the difference between a the tax collected by adding the ITBIS to every product or service sold to another business in the supply chain or dominicanx a consumer and b the ITBIS tax paid in purchasing a product or service from another business or individual.

Company formation is best managed by a local attorney, and carefully monitored by you. Pay the organization tax Be forewarned that Dominican company organization taxes are higher than those imposed on American companies.

Nuestra firma

If your attorney does not guide you in selecting the best company structure for your needs by explaining the advantages and disadvantages of the various options, change your attorney. Shares in an LLC are nonnegotiable.

Their trading activities are scrutinized by the Superintendent of Securities who is charged with maintaining the integrity of the market. Santo Domingo, Gaceta Judicial, Any investment in shares, titles or securities should remain as such for a period of not less than three 3 years, and the exempted amount invested may not be returned either directly or indirectly to the investors by any agency, before such period.

Four structures are used most often in the Dominican Republic. The most common structures available for investors to establish a local subsidiary as an independent local business entity in the Dominican Republic are domihicana Limited Liability Company, the 4790-8 and the Simplified Corporation.


No management supervisor is required. Where a grave violation not expressly listed in the law is 49-08, a court will determine the applicable penalties.

Note that a member need not be a Dominican citizen or resident rrpublica form a Dominican company, except in very special circumstances. For a minimum of ten years, retain company books and correspondence. Moreover, charges made to a company are extended to members of the board and other decision makers in the company in a position to know of the violation.

A company is deemed to legally exist from the time its documents are recorded at the Business Registry. The law republia a security valor as a right or amalgamation of rights dominocana economic value, and that is freely negotiable on a securities market. A separate accounting of the pool of asset-backed securities is kept, and is considered distinct from the accounting of the originating company.

Finally, the law expressly permits the sale of approved securities in foreign currency and the payment of dividends in the currency consigned in the certificate.

RD entrega en la COP23 su tercera comunicación nacional sobre cambio climático

The law is generally flexible, and imposes few capitalization requirements, but unlike some countries, Dominican companies are subjected to the same tax treatment regardless of structure. All security offerings must be public.

Trading based on privileged dominicxna is considered a felony, and a person found guilty of insider trading faces a fine, imprisonment, or both. A listing of issues and the issuing companies is maintained at.

Annually with the income tax return.