1. We would like to form a Dominican corporation to hold our investments in the DR (primarily bank CD's now; possibly operating businesses down the line). Can a US corporation (organized as a LLC) own 99% of a DR corporation? And, what form of organization in the DR would be best suited to our situation?
2. Are Dominican corporations subject to any form of taxation (direct or indirect) or any levies/fees of whatsoever nature. Are there any reporting requirements?
3. Are there any other issues or considerations we need to be aware of with respect to these matters?
4. What documents are needed to form a DR corporation and are there yearly fees?
5. What are the benefits in your opinion of forming a corporation in DR to hold these investments?
Thanks so much for your help and expert advice.
2. Are Dominican corporations subject to any form of taxation (direct or indirect) or any levies/fees of whatsoever nature. Are there any reporting requirements?
3. Are there any other issues or considerations we need to be aware of with respect to these matters?
4. What documents are needed to form a DR corporation and are there yearly fees?
5. What are the benefits in your opinion of forming a corporation in DR to hold these investments?
Thanks so much for your help and expert advice.