Page 1 of 2 12 LastLast
Results 1 to 10 of 12

Thread: Can Dominicans invest in Hedge Funds

  1. #1
    Newbie
    Join Date
    Jun 2008
    Posts
    8
    Post Thanks / Like

    Default Can Dominicans invest in Hedge Funds

    Hi everybody,

    My wife and I are fresh residents in the D.R.
    We make our living by introducing international investors to Hedge Funds.
    Our company is registered off-shore and we are U.S.A regulated (CFTC/NFA)

    I would appreciate if anyone can address the following:

    1. Can Dominican Republic citizens invest outside of the D.R?
    2. Can Dominicans invest in off-shore Hedge Funds?
    3. Is there a tax on such investments?

    We are looking to establish business relationships with High Net Worth and Institutions in the D.R, does anyone have any good ideas/tips?

    Thanks!
    Last edited by Jean Gler; 06-12-2008 at 01:30 PM. Reason: a word missing

  2. #2
    Platinum
    Join Date
    May 2003
    Posts
    11,804
    Post Thanks / Like

    Default

    Quote Originally Posted by Jean Gler View Post
    Hi everybody,

    My wife and I are fresh residents in the D.R.
    We make our living by introducing international investors to Hedge Funds.
    Our company is registered off-shore and we are U.S.A regulated (CFTC/NFA)

    I would appreciate if anyone can address the following:

    1. Can Dominican Republic citizens invest outside of the D.R?
    2. Can Dominicans invest in off-shore Hedge Funds?
    3. Is there a tax on such investments?

    We are looking to establish business relationships with High Net Worth and Institutions in the D.R, does anyone have any good ideas/tips?

    Thanks!
    1. Yes.
    2. Yes.
    3. Yes.
    One Dominican at a time please!


  3. #3
    Newbie
    Join Date
    Jun 2008
    Posts
    8
    Post Thanks / Like

    Default

    Thanks !!!

  4. #4
    Regular
    Join Date
    Jan 2002
    Posts
    493
    Post Thanks / Like

    Default

    Careful.

    The Information and Tax Echange agreement of 1986 and subsequent agreements hold Dominicans investing capital abroad responsible for reporting all income and capital gains, subject to Dominican taxation. The "offshore" capital is also considered subject to the foreign currency gains and losses, and there are estate issues to consider.

    As an international private banker with 30 years of advising Dominican investors, your activities in the DR are also regulated with respect to advisory and investment services, and you need to be careful exactly what you are advising- including "hedge" funds and non-traditional investments.

    If not correctly structured, activities can be considered assisting "flight capital"

    good luck.

  5. Likes SosuaEnVivo liked this post
  6. #5
    Silver
    Join Date
    Jun 2008
    Posts
    2,940
    Post Thanks / Like

    Default

    Quote Originally Posted by Fernandez View Post
    Careful.

    The Information and Tax Echange agreement of 1986 and subsequent agreements hold Dominicans investing capital abroad responsible for reporting all income and capital gains, subject to Dominican taxation. The "offshore" capital is also considered subject to the foreign currency gains and losses, and there are estate issues to consider.

    As an international private banker with 30 years of advising Dominican investors, your activities in the DR are also regulated with respect to advisory and investment services, and you need to be careful exactly what you are advising- including "hedge" funds and non-traditional investments.

    If not correctly structured, activities can be considered assisting "flight capital"

    good luck.
    So for clarity purposes,CAN a DR Resident can legally invest offshore , but must report all income derived from investment as well capitail gains.And the oweness is on the DR resident to report this in his tax returns. This being said, can the resident wire money from his DR Bank to the offshore institution problem free? Also do the banks do money draft registered checks payable to other countrys i.e. USA or Canada?, UK? What is the local tax rate on these style of capital gains? THX

  7. #6
    Bronze
    Join Date
    Nov 2006
    Posts
    1,167
    Post Thanks / Like

    Default

    Quote Originally Posted by Fernandez View Post
    Careful.

    The Information and Tax Echange agreement of 1986 and subsequent agreements hold Dominicans investing capital abroad responsible for reporting all income and capital gains, subject to Dominican taxation. The "offshore" capital is also considered subject to the foreign currency gains and losses, and there are estate issues to consider.

    As an international private banker with 30 years of advising Dominican investors, your activities in the DR are also regulated with respect to advisory and investment services, and you need to be careful exactly what you are advising- including "hedge" funds and non-traditional investments.

    If not correctly structured, activities can be considered assisting "flight capital"

    good luck.
    Do LRD citizens have access to any tax protected retirement investment vehicles such as the USA IRAs?

  8. #7
    Platinum
    Join Date
    Apr 2005
    Posts
    10,864
    Post Thanks / Like

    Default

    Quote Originally Posted by Jean Gler View Post
    We are looking to establish business relationships with High Net Worth and Institutions in the D.R, does anyone have any good ideas/tips?

    Thanks!
    Honestly, do you really think anyone would share this on an open message board, and for FREE?

  9. #8
    Newbie
    Join Date
    Oct 2012
    Posts
    2
    Post Thanks / Like

    Default

    i am jr research and equity trader, i know that you can open a hedge fund but you will have have to do like a investment club in other word is investment club operate like hedge fund.

  10. #9
    Newbie
    Join Date
    Oct 2012
    Posts
    2
    Post Thanks / Like

    Default

    i am jr researcher and equity trader, i know that you can open a hedge fund but you will have have to do like a investment club in other word is investment club operate like hedge fund.

  11. #10
    *** I love DR1 ***
    Join Date
    Jan 2012
    Posts
    3,003
    Post Thanks / Like

    Default

    Yea right !! ....and I am a nuclear physicist and part time sanky.For someone claiming to be involved in hedge funds and looking to embrace persons and institutions with high net worth, he is asking some very basic and sophomoric questions.

Page 1 of 2 12 LastLast

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Single Sign On provided by vBSSO