The Dominican Republic is a sovereign state located on the island of Hispaniola, in the Greater Antilles archipelago of the Caribbean region. It occupies the eastern five-eighths of the island, which it shares with the nation of Haiti, making Hispaniola one of two Caribbean islands, along with Saint Martin, that is shared by two countries. The Dominican Republic is the second-largest Caribbean nation by area (after Cuba) at 48,445 square kilometers (18,705 sq mi), and third by population with approximately 10 million people, of which approximately three million live in the metropolitan area of Santo Domingo, the capital city.
Capital: Santo Domingo
Currency: Peso
Timezone: UTC-4
Corporate tax rate: 28% of profits or 1% of assets. Territorial tax system. Only income from the Dominican Republic is taxed.
Personal tax rate: 0-25% Territorial tax system. Only income from the Dominican Republic is taxed.
Capital gains tax: as individual/business income.
VAT: 18%
Tax residence: 183 days rule: Territorial tax system. Only income from the Dominican Republic is taxed.
CFC Rules: No
Remote management:
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