Dominican Republic Lawyer
If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Go Back   DR1 Dominican Republic Forums > Forums > Legal

Reply
 
Thread Tools
  #1  
Old 01-19-2003, 08:50 PM
Bronze
 
Join Date: Jan 2003
Posts: 48
vpmiami Level 1 (10)
Default Business

Mr. Guzman,

I have a S corporation in Florida, I want to move my small party and supply rental business to DR.

How should I process the paperwork? Would I need to Incorporate as new business in DR?

My husbands parents were born in DR.. but my husband was born in USA. He is going to DR this week to start his paperwork for Residency. Being his parents were born there.. would it be easier for him to establish Residency? How long will it take? Can he start his business in DR.. while waiting for his Residency?

What is the cost to Incoporate in DR.. It only cost me $385.00 to have a Lawyer do it here in Florida.

Help me out please.... I keep getting mix information...
Reply With Quote
  #2  
Old 01-21-2003, 06:45 PM
DR1 Expert
 
Join Date: Jan 2002
Posts: 1,395
Fabio J. Guzman Level 2 Fabio J. Guzman Level 2 (143)
Default

You don't have to incorporate in the DR (you could "domiciliate" your American company) but you should incorporate for a variety of reasons. Just for starters, incorporation is generally cheaper and faster than "domiciliation" which implies getting an authorization from the President to establish domicile in the DR.

Residencies for Americans and others from the First World are generally easy to obtain, usually in 3 to 4 months. As the son of Dominican parents your husband can obtain Dominican citizenship although it usually takes longer than obtaining residency.

Incorporation costs are a lot higher in the DR than in the US for two reasons: a) incorporation taxes are higher and b) the process is more involved and time-consuming.

Please contact me directly for more details.

Last edited by Fabio J. Guzman; 01-21-2003 at 07:10 PM.
Reply With Quote
  #3  
Old 01-21-2003, 08:05 PM
Ken Ken is offline
Gold
 
Join Date: Jan 2002
Posts: 7,176
Ken Level 1 (30)
Default

I note that Fabio didn't tell you how to contact him. His website is www.drlawyer.com and his email address is fguzman@drlawyer.com You can trust him.
Reply With Quote
  #4  
Old 01-21-2003, 08:43 PM
Bronze
 
Join Date: Jan 2003
Posts: 48
vpmiami Level 1 (10)
Default

Thank you.. Ken,

I just went on his website.. and sent him an e-mail... I will be in DR this week..so I asked him if I can make an appointment to see him while we were there.
Reply With Quote
Reply

Bookmarks

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

The contents of this webpage are copyright © 1996-2008.  DR1. All Rights Reserved.

Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO