This regulation governs investment registration, and grants important benefits to investments that are formally registered with the CEI-RD within 180 calendar days from the date the investments are made. The CEI-RD must respond to an application for registration within 15 working days of receipt. The benefits to registration are as follows:
• Free Fund and Currency Conversion. Investors are granted free access to international currency and fund conversion through local banks and the Central Bank of the Dominican Republic.
• Free Repatriation of Dividends and Capital. The foreign investor has the right to remit abroad in foreign currency all capital invested, as well as capital gains and dividends, after complying with the existing tax legislation. (The corporate tax rate is presently 25% for all corporations. The investor also has the right to repatriate fee and royalty obligations resulting from a technology service agreement.
• Expedited residency acquisition. Investors who register their investment benefit from a fast-track procedure if they decide to become residents of the Dominican Republic.
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