LEY 479-08 REPUBLICA DOMINICANA PDF

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.

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Record the company documents with the Business Registry Registro Mercantil The moment company documents are recorded at the Business Registry, the company is deemed to legally exist, affording domiinicana company access to all benefits granted under the law.

These securities are collateralized by the value reflected in the individual assets being securitized and receive a credit 497-08 that is separate from and typically higher than that of the originating company because the securitization relies solely on the cash flow created by the pool of assets and not on the payment promise of the issuer.

Interest on debt is tax deductible. The definition includes stock shares, stock options, bonds, warehouse receipts and other documents representing present or future commodities, certificates, debentures, securitized forms of debt, and any other type of negotiable commercial document.

All business entities are taxed in the same manner, in contrast to the practice in other countries such as the Dlminicana States.

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. In addition, they may obtain from domestic, international, private, and state-owned financing organizations—for the account of their own funds or those provided by the National Budget, funds from loans given to the Dominican Government or its institutions by international organizations or foreign governments, or guaranteed by the Dominican State—short-term, medium-term and dominciana warrants or funding, subject to the regulations established in the respective agreements.

Shares in a corporation are negotiable, although certain restrictions may be established in its bylaws. 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 to a consumer and b the ITBIS tax paid in purchasing a product or service from another business or individual.

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Be forewarned that Dominican company organization taxes are higher than those republicz on American companies. Primary market placement may be managed directly by the issuer or by a registered securities broker. Closed funds involve investments in securities and commodities that are designated by law to have a fixed expiration or maturity date.

Legislation Dominican Republic (Lexadin)

Adjusted value of company transactions. Interest and dividends on approved securities traded on the exchange are exempt from all taxes, and securities placed on the BVRD by the Ministry of Treasury are afforded special exemptions under the laws governing their issuance.

Their trading activities are scrutinized by the Superintendent of Securities who is charged with maintaining the integrity of the market. The Application The application requirements differ for a foreign applicant and a domestic applicant. Minutes of this meeting must be recorded at the Business Registry.

Make your selection only after you are well-informed. A Dominican applicant must attach a dominican including i financial statements for the last three years audited by an external auditor that is registered with the Securities Exchange Registry, ii proof of the legal status of the issuer, and iii a description of the securities to be offered including any applicable risk rating.

Nuestra firma

Best for medium to large-sized businesses. None of the members, individually or collectively, are liable for the debt obligations of the company. Management is by one or more individuals or a board of individuals as established in the by-laws. The National Securities Council is a seven-member body comprising a representative of the Central Bank, a representative appointed by the Ministry of Treasury, the Chair of the Superintendent of Securities, and four private-sector members.

Any free zone company that violates the provision of this law and its regulations in relation to the introduction of merchandise and other articles indicated in the same shall be condemned to pay a fine equal to twice the amount of outstanding fees and taxes, and such merchandise and other articles shall be confiscated.

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Registration is not necessary if the activity of the foreign company is limited to acquiring equity in a local business entity or to occasional transactions in the Dominican Republic. Those with access to non-public market information that has market relevance to the price of publicly offered securities privileged information may not legally trade using this information for their own benefit or the benefit of third parties.

Our attorneys can properly structure your business to meet stock market requirements, assist and represent you in regulatory, reporting, compliance and enforcement issues, manage your relationships with market participants, and provide advisory services in general corporate matters related to the Dominican stock market and its regulations.

eepublica Corporations must have a minimum of two shareholders. Any discrepancy found by customs collectors in the shipping documents regarding the contents of the products imported should be informed to the Director General of Customs and to the National Council on Export Free-Zones, but the addressee shall not be deprived of their use, except in the case of expressly forbidden goods.

This Sub-direction shall report to the Director General of Customs. The regulation weapons to be carried by the security personnel of the operators and the companies shall be tax- exempted, but they should comply with all such import and use proceedings as are established by the State Department of the Armed Forces, Interior and Police.

Local branches of foreign companies receive the same tax treatment as Dominican companies and are subject to the same local laws and regulations in labor and other matters.

Leyy Market Law No.

Once the offering is approved, the securities and issuer must be registered with the Securities Exchange Registry, leyy 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. Two agencies are responsible for monitoring market activities: