Sosúa, Dominican Republic

(809) 571 2820

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.



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West Indies Real Estate    Calle David Stern 6, El Batey, Sosua, Dominican Republic
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