The Dominican Republic

For the third straight year Dominican Republic’s Cigar Makers Association will stage the “Procigar Festival” in the country, aimed at to increase the competitiveness and promote the national production, which fell 20 percent last year from the economic crisis.

The festival will be from February 15 to 19 in Casa de Campo, La Romana (east), and in Santiago, said Procigar president Hendrik Kelner, who said it’s an opportunity to spur the Dominican economy, in 2010 is visualized as the year for that sector’s economic recovery, after a 20 percent fall in productivity between 2008 and 2009.

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ISLA MARGARITA, Venezuela.- The Leones del Escogido achieved their third and the Dominican Republic’s eighth Caribbean Series title on Sunday, by beating the Leones del Caracas 7-4.

Escogido returned to the Caribbean classic after an 18-year absence and won five out of its six challenges.

The title was decided in the last game after Puerto Rico beat Mexico by 8-2, which obliged the Dominicans to beat the hosts to prevent a tie breaker against the Puerto Rican team on Monday.

The Indios de Mayagüez from Puerto Rico came second with their 4-2 score, the best result for Puerto Rico since they finished in the same place and the same score in Carolina in 2007. Read the rest of this entry »

It’s Carnival time in the DR. This means that carnival processions are celebrated every Sunday afternoon. Dominican carnival is a colorful experience in which the festive spirit of the country’s people comes to the fore as carnival characters take to the streets in search of fun. While originally a Spanish custom, throughout the centuries carnival has evolved and the traditional costumes representing devils parade alongside vestiges of Indian and African ancestors, throughout the cities and towns from early morning to late Sunday night. The most famous carnival parades take place in La Vega, Bonao and Santiago.

The beaches are Dominican Republic’s tourism’s sweetest caramel but the fact its capital doesn’t have one is a disadvantage for the Santo Domingo market.

“If the situation could change in the medium term it would become the second most important tourism region second only to Punta Cana-Bavaro,” says a report on diariolibre.com by the consultant Juan Llado.

The idea of an artificial beach for the capital coast is not new as the project was in the offing during the city’s Mayoral tenure of 1982-1986, to give the city an attractive recreational option for the population and tourists.

It was perhaps that interest which led the French company Sogreah to draft in 1987the first tentative project for Sans Soucí beach, built before the 1960s as the wave breaker for the Ozama River’s estuary and port.

Sogreah’s plan included hotels, a marina, convention center and four beach alternatives to protect the swimming area from the waves’ constant onslaught. A group of experts selected what they thought best and led to the current location.

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1) The Caribbean’s most established and complete resort
2) Four world-class Pete Dye golf courses
3) World-class polo, shooting and tennis
4) 16th century replica mediterranean village and cultural center Altos de Chavon
5) The Caribbean’s most complete marina facility
6) White sandy beach
7) Great shopping and restaurants Read the rest of this entry »

1) How do you own property – in your personal name or in a corporate name?

You can choosr either way. No matter which way you own property, personal name or corporate, you own that
property outright with title, fee simple.

2) If a property is owned in a corporate name, can it be assinable?

Yes, you can transfer share of the corporation to a new ownwer. Note: the new owner can be another corporation
or trust.

3) Will i pay property tax on a yearly basis? How dos the goverment determine the taxable amount?

Yes. Property tax is called IPI tax. It is approximately 1% of the assessed value of the home that is determined
by the amount of square meters of the house and its appraised value. If the property is owned by the corporation,
the applicable tax is tax over the assets (impuesto sobre activos) but a company must pay the higher value of
either the 1% tax over assets or 25% over its net income. Companies that only own property are generally subject
to the 1% tax over its assets and that asset is normally the real estate.

4) Do you get a deed at closing? is there a transfer tax? Read the rest of this entry »

Join us to celebrate the Second Radio Controlled Aircraft Cup in Dominican Republic. The competition will feature the world’s most distinguished radio controlled pilots performing the ultimate scale stunts while amazing the audience with 100% extreme action.

2nd “Dominican Jet Meet Cup 2010” Read the rest of this entry »