News Archives - Page 19 of 31 - Guzmán Ariza | The Dominican Republic Law Firm

New Record Tourist Arrivals for Half Year

The Central Bank reports that 3,043,154 tourists visited in the first half of 2016. The non-resident foreigners and Dominicans were 184,391 more than arrivals from January-June 2015, for a 6.5% increase. Of the total, 78.9% were foreign tourists (145,408 passengers) and 21.1% were visiting Dominican residents abroad (38.983 pax).

Most tourists come from the United States. Some 61,987 more visitors reportedly came from the United States during the first half of the year.

Inbound travel from South America is also up for the first half of the year. The Central Bank reports that 37,651 more visitors came from Venezuela (25,060), Colombia (13,527), Uruguay (6,502) and Peru (3,798). Tourist travel from Central America and the Caribbean is also up 19.5%, with significant increases in tourist arrivals from Puerto Rico (6,130), Panama (5,337) and Cuba (4,012).

[July 2016]

Guzmán Ariza Launches Book in La Altagracia

Guzmán Ariza law firm and the Dominican Bar Association presented in Higüey, La Altagracia, the book Repertorio de la jurisprudencia civil, comercial e inmobiliaria de la República Dominicana (2001-2014), written by managing partner Fabio J. Guzmán Ariza.

The presentation was held at the event hall of the La Altagracia Chamber of Commerce with the presence of prominent personalities of the eastern area and the judicial system. It was presented by Ambrosio Núñez, law professor at the Universidad Católica del Este, and José Raúl Corporán Chevalier, president of La Altagracia Chamber of Commerce, who addressed the most relevant aspects of the book.

The compilation of the civil, commercial and real estate case law in the Dominican Republic (2001-2014), which is part of the case law and precedents collection of the publisher Gaceta Judicial, condenses and organizes the judgments rendered by the Supreme Court and the Constitutional Court of the Dominican Republic, from 2001 to 2014, in the areas mentioned on its title, as well as in related procedural matters.

Fabio J. Guzmán Ariza explained that this compilation has two main purposes: “first, provide readers summaries of the legal criteria on various issues related to these matters; and second, facilitate the rapid consultation of the whole decisions that contain the aforementioned criteria”.

This is the fourth time the book is presented in the Dominican Republic, after being presented in Santo Domingo, Santiago and Puerto Plata.

[July 2016]

Ministry of Energy and Mines Approves Concessions

The Ministry of Energy and Mines reported that 44 permits have been issued between May 2015 and June 2016 for the exploration for both metallic and nonmetallic minerals. During the same period, the Ministry also published seven protocols and regulations to establish clear rules for the mining sector.

Minister of Energy and Mines, Antonio Isa Conde, stated that this year the Ministry has focused on strengthening the regulatory framework and the strict compliance of mining activities established by law, including the process to grant or deny a concession.

[July 2016]

DR: One of The Best Options to Move To

Live and Invest Overseas recommended the Dominican Republic as one of the five best places to move to, especifically in the beach town of Las Terrenas located at the northeast coast of the country.

The rating described Las Terrenas as a beach town with “European feel”, since French, German, Polish, Swiss, Italian, Dutch and British nationals have established in Las Terrenas since 1970.

Panama, Belize, Colombia and México completed the list of the top 5 countries to move to.

Full article

[July 2016]

NatureBank to Invest Over $11 Million in Sustainable Cocoa Development in the DR

NatureBank Asset Management signed a non-binding MOU agreement with Anholt Services (USA) for the development and ongoing management of cocoa projects in the Dominican Republic through its fully owned German-based subsidiary, ForestFinest Consulting GmbH.

During a one-year period, highly productive projects of growing fine and flavor cocoa will be developed to meet the growing demand for sustainable cocoa in the international marketplace.

This sustainable investment company has focused in the Dominican Republic because of its long embraced sustainable cocoa production, evidenced by being the largest producer of organic cocoa in the world.

Guzmán Ariza Attorneys at Law currently handles the real estate, corporate and tax matters for the development of this new project in the Dominican Republic.

[June 2016]

New York Times Quotes Guzmán Ariza

The New York Times recently quoted the opinion of Alfredo Guzmán-Saladín, partner at the Guzmán Ariza Law Firm, in an article about the real estate market in the Dominican Republic published in the International Real Estate section on May 11, 2016.

The article referred to the most important factors to be considered when buying property in the Dominican Republic, especially those related to the legal and tax-related due diligence.

Alfredo Guzmán-Saladín has extensive experience in real estate, commercial and tourism matters in the Dominican Republic and has contributed to important international publications about Dominican real estate law, such as Getting the Deal Through and Latin Lawyer.

Guzmán Ariza is the #1 real estate law firm in the Dominican Republic, recognized internationally by the most prominent legal directories, such as Chambers and Legal 500.

[May 2016]

Fundéu to Open in July in the Dominican Republic

The Fundación del Español Urgente (Fundéu) will open in July in the Dominican Republic after reaching an agreement with the Guzmán Ariza Foundation Pro Dominican Academy of Letters signed in Madrid. “Fundéu GA” aims to promote the correct use of the Spanish language in Dominican media.

Fabio Guzman Ariza, president of the Guzmán Ariza Foundation Pro Dominican Academy of Letters and managing partner of the Guzmán Ariza law firm, told EFE that the agreement was “a dream come true”. The foundation has already helped the Dominican Academy of Letters in ventures like the publication of the Diccionario del español dominicano (2013) and the more recent Diccionario fraseológico del español dominicano (2016), the first on Dominican Spanish and the second on popular Dominican phrases.

Fundéu makes daily recommendations to the press and the general public on language issues.

Click here to view the video

[May 2016]

New Free Zones to be Established in the DR

The Ministry of Industry and Commerce announced that they had approved permits for 15 new companies that applied to set up operations in the duty free manufacturing zones. They have also signed contracts to develop and open three new free zone parks.

These new companies will invest around RD$1.35 billion and create 1,766 direct jobs with an income of around US$21.7 million. The development and operation of the three new free zones parks is estimated to involve an investment of RD$1.74 billion, generate income around US$10.7 million and create 3,200 direct jobs.

[May 2016]

Christoph Sieger Chairs the German Chamber of Commerce for Central America and the Caribbean

The German Association of Chambers of Commerce, Tourism and Industry for Central America and the Caribbean (AHK Central America/Caribbean) named Christoph Sieger, partner of our firm and current president of the Dominican AHK, as regional president of the chamber on an event held in Panamá.

The AHK Central America/Caribbean promotes trade and economic relations between Germany and the seven chambers of the region: Honduras, Guatemala, El Salvador, Nicaragua, Dominican Republic, Costa Rica and Panamá.

These seven autonomous and binational chambers include more than 600 member companies.

The AHK Central America/Caribbean supports these seven chambers and develops regional initiatives for Germans to perceive Central America and the Caribbean as an economic and investment region.

[April 2016]

Guzmán Ariza at International Living

Guzmán Ariza participated in the international real estate conference IL’s Fast-Track Your Retirement Overseas Event, organized by International Living in Louisiana, United States. More than 200 potential retirees attended the International Living conference looking for the best place where to spend their golden years. Guzmán Ariza was the only law firm representing the Dominican Republic.

César Calderón, partner of the firm, presented a summary of the most important aspects of buying real estate in the Dominican Republic, and of obtaining residency and citizenship in the Dominican Republic.

[April 2016]