The bill with the 18-month extension is not law yet.
The Chamber of Commerce has extended the period for S.A. to adapt ("adecuar") themselves to the new law until the end of this year. We still have not heard from Internal Revenue (DGII) on whether the tax waiver will also be extended.
The new company law will come into effect on June 19. Beginning on that date, companies may be converted into SRL's or EIRL's.
The primary source for the new company law was French law.
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