LOCATION

Luxury Entertainment is based in the Dominican Republic. This country is very friendly in terms of tax laws and investment promotion, among which we can mention:

 

Law 16-95 eliminates all barriers to the flow of capital into and out of the country.

 

Registration of foreign investments with government authorities is not mandatory.

 

The Export and Investment Center (CEI-RD) facilitates and expedites foreign investment.

 

The government grants sovereign guarantee to projects in the Dominican Republic of foreign investors through the Multilateral Investment Guarantee Agency (OMGI).

 

It has free trade zones that benefit with periods of up to 15 years, renewable, of total exemption from payments of income taxes, taxes on the transfer of industrialized goods and services, the tax on the constitution of commercial companies, municipal taxes and others.

 

Law 480-08 created a legal framework for the establishment of international financial free zones for the installation of offshore financial services and other related services, under a total tax exemption regime for a period of 30 years.

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