do business in the Dominican Republic - Pellerano & Herrera

DOING BUSINESS INTHE DOMINICAN REPUBLIC7. Police record issued by the National Police.8. Sworn statement of financial solvency of the applicant, confirmed by twowitnesses.9. Payment of the following amounts: RD$1,800 for medical check, RD$500 forapplication fee, RD$250 for stamps and RD$20.00 for the form B-1-A.The provisional residence card may be obtained within three to four months andis valid for one year. Upon its expiration the applicant may request a permanentresidence card, which is valid for renewable periods of three years. Foreignerswith permanent residence in the country may obtain a personal identity card.All documents issued abroad which are filed at the Ministry of Foreign Relationsor at the Immigration Office must be legalized by the competent authorities ofthe country of origin and by the closest Dominican Consulate. Furthermore, aJudicial Interpreter must translate documents not written in Spanish.126RESIDENCE PROGRAM FOR INVESTORSThe Center for Export and Investment (CEI-RD) has introduced a special programfor foreign investors in order to accelerate the process of obtainingDominican residence.This program applies to foreign investment made in the country, by a physical orlegal person,in the form of a contribution to the capital of a company establishedin accordance with the laws of the Dominican Republic, for an amount of at leastUS$200,000.00 or its equivalent in local currency.The contribution may be madein capital, in kind, in financial instruments or technology, as established in Law16-95 of Foreign Investment.The beneficiaries of the program are the foreign investors and their employees(managers, technicians), as well as their families and economic dependents.The request must be filed with the Foreign Investment Desk of the ImmigrationOffice, which shall issue the residence permit within 45 days at the latest.Thedocuments to be filed with the application are the following:a. Application Form of residence for investors, which is available free of chargeat the Foreign Investment Desk of the Immigration Office;b. Copy of complete original passport, valid for at least three months. If the lastentry is not registered in the passport, a certification of the last entry issuedby the Immigration Office must be also filed;c. Valid entry permit (visa or tourist card);d. Original birth certificate;e. Proof of Foreign Investment Registration or registration request.f. Police Record issued by the competent Dominican authorities or by theauthorities of the country of origin if the applicant has been for less than 30days in the country;g. Receipt of payment of medical examinations issued by a physician certifiedby the Immigration Office;h. Eleven 2" x 2"photographs (seven frontal and four side) for persons older