THE JUDGMENT OF MAY 21ST, 2008, BY THE SUPREME COURT OF JUSTICE, CHAMBER OF LANDS, LABOR MATTERS, ADMINISTRATIVE CONTENTIOUS, AND TAX CONTENTIOUS.

June 19th, 2008.
The Supreme Court of the Dominican Republic seems to have set a precedent regarding the tax that some companies pay, called “advance income tax deposit”, whose rate is 1.5% of gross income. [READ MORE...]

THE LAND SURVEY AND ITS IMPORTANCE WITHIN THE DOMINICAN REAL ESTATE SYSTEM.

June 18th, 2008.
Due Diligence.
Advice for foreign investors.
In our long practice in the area of foreign investment and real estate investment we always advise foreign investors to undertake a thorough investigation before making decisions about their investments. This process of due diligence performed by a reputable professional can save effort, money and above all avoid a possible dispute or lawsuit, which is quite uncomfortable, and besides that, it is very costly. [READ MORE...]

REAL ESTATE LAWSUIT ON VIOLATION OF LAW ON PROTECTED AREAS.

May 6th, 2008.
The journalist Niza Campos published an article in Diario Libre, one of the most respected newspapers and of higher circulation, on the subject of real estate investment in protected areas. This topic is very important for foreign investors, no matter whether they are small-scale investors as buyers of apartments or villas, or large investors such as construction companies or hotels. [READ MORE...]

LANDS IN THE EAST ON A LAWSUIT ARE PROTECTED AREA.

May 6th, 2008.
The High Court of Lands (Tribunal Superior de Tierras) will hear the case next Friday 30th at 10:00 A.M. The lands, which tthave tourism potential, are worth more than RD$100 billion (Dominican pesos). [READ MORE...]