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Sosúa, Dominican Republic

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Simplifying Property Ownership

New company formation law

On 15 December President Leonel Fernandez signed Law 479-08 - the Ley General de las Sociedades Comerciales y Empresas Individuales de Responsabilidad Limitada - into law, establishing new simplified criteria for the formation of companies in the Dominican Republic. Just two, down from seven shareholders, are needed to form a company of limited responsibility. The new law also establishes new grounds for subsidiaries, branches and agencies of foreign companies in the DR.
See
www.suprema.gov.do/pdf/leyes/2008/Ley_479-08.pdf

 

 

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