Saturday, October 31, 2015
Background on Dominican Republic's free zone industry
With the purpose of attracting foreign investment in order to increase levels of employment and foreign currency in the country, in 1970 the Dominican Republic established a legal regimen of extra-territoriality by means of which companies that are set up in a specific geographic territory declared as an "industrial free zone" and surrounded by insurmountable walls, are exempt from the payment of taxes on the profits they generate.
Thursday, September 10, 2015
In the Dominican Republic, regulations on customs procedures are contained on the Customs Law
Tuesday, September 1, 2015
A few weeks ago, a client asked my firm to bill under "contemporaneous time entry".
I had no idea what this meant so I looked it over and now share with you what I learned.