do business in the Dominican Republic - Pellerano & Herrera

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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
Pellerano & HerreraAttorneys at lawthan 18 years.Seven (five frontal and two side) for applicants between 16 and18 years old, and five (three frontal and two side) for those less than 16 yearsold;i. If the applicant is a shareholder in the company, certified copy of BoardResolution stating his status in the company;j. If the applicant is a manager or technician, original work contract or letter ofappointment;k. If the application includes the spouse and/or minor children, the followingdocuments must be filed in addition: marriage certificate and the documentsreferred to in a), b), c), d), f), g) and h). For minors, requirement f) is notnecessary;l. For applicants more than 16 years old four samples of each document mustbe filed (one original and three copies). Otherwise, it is sufficient to file twosets of each document;m. All of the documents issued abroad must be duly translated into Spanish andlegalized by the respective Dominican Consulate.2ACQUIRINGDOMINICANNATIONALITY127Dominican nationality is normally acquired:1. By being born in the Dominican territory,2. By having a Dominican parent, or3. Through the naturalization procedure examined hereafter.RESIDENCE REQUIREMENTSApart from other special cases provided by law, a foreign person may become aDominican citizen after a continuous residence in the country of at least twoyears.This residence requirement is reduced to six months:1. If the foreigner has fixed legal domicile in the country,2. If the foreigner owns a business or real state in the country, or3. If the foreigner has married a Dominican citizen.Trips abroad of up to a year made with the intention of returning to theDominican Republic are not considered as an interruption of continuous residencein the country.NATURALIZATION PROCEDUREThe naturalization request is made to the President of the Republic via theMinistry of Police and Inner Affairs, and should include the following:1. Basis on which the nationality is requested.2. Police record issued by the appropriate authority of the country of origin.3. Birth certificate.4. Explanation if the applicant has already changed its nationality.5. Receipt of payment of taxes of RD$10.00 at the Tax Office.
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FOREWORDA place to invest ...The Do
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INTERNATIONALTRADEInternational tra
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MAININVESTMENTSECTORSThe Dominican
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