Dominican Republic Business

A benefit to titling under the name of a Dominican Republic business is that upon selling the property, the buyer avoids the property transfer tax fee (currently 4.5 percent of the purchase price), which is an incentive to the buyer. This is because the buyer is buying the shares in the company. The tax benefits to the business include allowing up to $85,000 per year in income that is not taxable. The cost to set up a Dominican Republic business is $3,000. This cost includes attorney's fees and taxes. It typically takes three to four months to form a Dominican Republic business. Our attorney can assist you in setting up a Dominican Republic business.