Regulatory Alerts2017-06-27
General Law of Commercial Companies and Individual Limited Liability Enterprises No. 479-08
The National Congress of the Dominican Republic enacted Law No. 479-08 to modernize the country's corporate legislation by replacing outdated commercial code provisions with updated standards aligned with international norms. The law establishes the legal framework for various commercial entities, including simplified anonymous societies (SAS), defines their formation, registration requirements, and the rights and obligations of shareholders. It also regulates corporate governance, capital contributions, and the conditions under which the legal personality of a company may be disregarded.
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