New Company Law improves Dominican Republic's world rankings
The Doing Business 2010 report, recently published by the World Bank, now ranks the DR in 86th place of 183 countries. The DR climbed 16 places, up from 102 in the 2009 report. (See http://www.doingbusiness.org/)
Maria Victoria Abreu, of the National Council of Competitiveness (CNC), says that the new Corporation Law (No. 479-08), promoted by the CNC, made all the difference. She explained that the new law calls for new modern corporate structures, in addition to significantly easing company formation. (See http://www.doingbusiness.org/economyrankings/)
For more on CNC efforts and an overview on competitiveness in the DR, see http://competitividad.org.do/.
Guzman Ariza, one of West Indies Real Estate's recommended law firms, has prepared a number of useful bulletins, including one on the new company law - Click here for details. Fabio Guzman Ariza, one of the company's experts on company law, is pictured above.