Three days for the incorporation of a Dominican Company

President Danilo Medina has ordered that the incorporation of companies in the country will take three days since the process starts; construction permits will not exceed 60 days, and; sanitary registrations will be completed in 45 days. The announcements are part of the new business strategy unfolded by the National Competitiveness Council.

In order to carry out these measures, the corresponding entities must present a work plan for the reduction of these deadlines and the standardization of the requirements, to ensure a greater number of jobs, facilitation and formalization of trade, as well as the promotion of imports and exports.

[ December 2017]

New regulatory framework for the Dominican Stock Market

President Danilo Medina signed into law the bill that modifies Law 19-00 on the Stock Market in the Dominican Republic, which seeks to promote efficiency and transparency in the stock market and the rights and interests of investors and to minimize systemic risk while promoting healthy competition in the sector.

The modification of Law 19-00 comes in a context in which the Dominican Republic will be evaluated in mid-January 2018 in aspects related to transparency and compliance.

The new legislation includes the preparation of 17 regulations related to the operation of the Superintendence of Securities; the tariff framework, intermediaries of the stock market, registry of over-the-counter operations, public offering of securities, relevant events and the Centralized Securities Depository. In addition, a regulation will be developed so that medium and small companies have the necessary facilities to access the stock market.

[December 2017]

Alfredo Guzmán Saladín exposes on real estate law in the Dominican Republic

Alfredo Guzmán Saladín, partner of the Guzmán Ariza Law Firm, participated as speaker in a private meeting organized by the International Women’s Club – Stayers at the Intercontinental Real Santo Domingo hotel.

Guzmán Saladín spoke about “Real Estate in the Dominican Republic: Purchase, Tax and Money Laundering. Overview”.

Guzmán Ariza is the No. 1 law firm in real estate in the Dominican Republic. The firm has a vast experience in all facets of the real estate business, from the representation of large investors in the financing and development of important real estate projects to advising individuals in the purchase or rental of vacation properties in the Dominican Republic.

[ November 2017]