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  #1  
Old 06-12-2008, 01:32 PM
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Join Date: Jun 2008
Posts: 5
Jean Gler Level 1 (10)
Default Can Dominicans invest in Hedge Funds?

Hi everybody,

My wife and I are fresh residents in the D.R.
We make our living by introducing international investors to Hedge Funds.
Our company is registered off-shore and we are U.S.A regulated (CFTC/NFA)

I would appreciate if anyone can address the following:

1. Can Dominican Republic citizens invest outside of the D.R?
2. Can Dominicans invest in off-shore Hedge Funds?
3. Is there a tax on such investments?

We are looking to establish business relationships with High Net Worth and Institutions in the D.R, does anyone have any good ideas/tips?

Thanks!
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  #2  
Old 06-12-2008, 05:32 PM
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Join Date: Jun 2003
Posts: 2,226
johne Level 1 (10)
Default

Quote:
Originally Posted by Jean Gler View Post
Hi everybody,

My wife and I are fresh residents in the D.R.
We make our living by introducing international investors to Hedge Funds.
Our company is registered off-shore and we are U.S.A regulated (CFTC/NFA)

I would appreciate if anyone can address the following:

1. Can Dominican Republic citizens invest outside of the D.R?
2. Can Dominicans invest in off-shore Hedge Funds?
3. Is there a tax on such investments?

We are looking to establish business relationships with High Net Worth and Institutions in the D.R, does anyone have any good ideas/tips?

Thanks!
I'm curious as to where else you are reaserching for this information other than dr1? Reason being, I would think this is pretty important information that you are passing on to clients so would you reply on only this board?
Just curious
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  #3  
Old 06-12-2008, 09:20 PM
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Join Date: Jun 2008
Posts: 5
Jean Gler Level 1 (10)
Default

We intend to ask for a Dominican legal counsel's advise.
what do you mean or asking by "reply on only this board ?"
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  #4  
Old 06-12-2008, 10:28 PM
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Join Date: Jan 2002
Posts: 1,127
GringoCArlos Level 1 (11)
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The big dominican money has been in Cayman for years, including many of the banks who operate "subsidiaries" there. No capital gains, no income taxes, and protection from lawsuits here and the DR government. Many, many of the big hedge funds are also registered there.
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  #5  
Old 06-12-2008, 11:13 PM
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Join Date: Jun 2008
Posts: 5
Jean Gler Level 1 (10)
Default thanks!

Thank you very much, it is very helpful
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  #6  
Old 06-13-2008, 06:36 AM
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Join Date: Jun 2003
Posts: 2,226
johne Level 1 (10)
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Quote:
Originally Posted by Jean Gler View Post
We intend to ask for a Dominican legal counsel's advise.
what do you mean or asking by "reply on only this board ?"
Sorry-meant to say "rely" sp error
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