Through this strategic alliance, QA-Legal will assist its clients in all their Auditing, Accounting and Corporate Tax needs, offering advice and support to both national and foreign companies as well as individuals.

LCH FINANCIAL CONSULTING has a team of professionals specialized in different financial areas, including its Partner, Lic. Walter Matos, who is a Certified Public Accountant and has more than 15 years of experience in the areas of corporate taxes, accounting and transfer prices, has accumulated his experience occupying key positions within the main local and international firms (Big Four), as well as in local economic groups.

External source: https://www.rlilaw.com/post/qa-legal-establece-una-alianza-estrategica-con-la-firma-de-contadores-lch-financial-consulting?utm_campaign=1ef229b8-1126-4810-8df5-

El cargo QA Legal establishes a strategic alliance with the accounting firm LCH Financial Consulting apareció primero en Quiroz Advisors.

This project is the result of the support and work carried out by the Extraordinary and Plenipotentiary Ambassador of the Dominican Republic in Jamaica, Angie Martínez, together with a group of international companies. The chamber will be led by Engineer Juan José Melo, Chief Country Officer of JMMB Dominican Republic.

The organization seeks to promote and facilitate bilateral commercial, economic and political relations between Jamaica and the Dominican Republic, also becoming promoters of the culture of both countries. Similarly, it will manage the identification of economic sectors and business opportunities between the two islands.

The Dominican Ambassador to Jamaica, Angie Martínez, assured:

“This initiative strengthens trade and investment in both countries, creating more jobs, more growth opportunities, and most importantly, greater well-being for both peoples.

With the inauguration of this chamber, an institution is made available whose purpose is to continue strengthening the excellent commercial ties that unite the Dominican Republic and Jamaica, constituting a space for collaboration and support between companies, so that they can share experiences and learnings. and to use this platform in the promotion of new business opportunities, deepening and expansion of the existing ones and propitiate greater investments between both nations ”.

Jamaica is the third most important destination for our country’s exports in the Caribbean region

Only surpassed by Haiti and Puerto Rico, this represents 5.06% of total exports to the region, which indicates that there is an important growth opportunity for products in this market, an opportunity with which the Chamber of Commerce intends to open the door for the mutual benefit of both nations.

“Today we celebrate that we are taking a firm step towards achieving our objectives of increasing and facilitating business opportunities, and promoting cultural exchange between both nations, generating economic and social benefits for the two peoples and the Caribbean region,” he said. Engineer Juan José Melo. In the same order, he revealed that the Dominican Republic has a significant trade surplus with Jamaica, where imports from this country amounted to 3 million dollars, in which fuels and food represent more than 60% of the total, showing that there is a great growth opportunity for its products in the country.

The president of the Chamber reported during his launch speech the following aspect: “At the end of 2020, according to preliminary figures from the Central Bank of the Dominican Republic, our exports to Jamaica amounted to USD 75.7 million, standing out as the main items: the plastics that represent approximately 30%, as well as the paper, diverse foods and the cement with 15% each one, according to the preliminary figures of the General Directorate of Customs ”.

In the current economic context of increased prices for freight and raw materials, the proximity between the two countries becomes an additional attraction for commercial exchange, facilitating greater competitiveness of local products in our respective markets.

The Board of Directors is made up of Juan José Melo (president) representative of JMMB Dominican Republic; Benjamín Valdez (vice president) rep. Jamaica Producers Group; José M. Vega (treasurer) rep. Gerdau-Metaldom; José Quiroz (secretary) rep. Quiroz Advisors, QA Legal, S.RL; Fernando González (member) rep. Round Table Countries of the Commonwealth in the Dominican Republic; Bela Szabo (vocal) rep. GB Energy Jamaica and Hugo Pérez (member) rep. Therrestra.

Among the founding and managing companies of this initiative were: JMMB República Dominicana, Jamaica Producers Group ,; Round Table Countries of the Commonwealth in the Dominican Republic; Quiroz Advisors, QA Legal, S.RL; CODELPA, Therrestra, Gerdau-Metaldom, Domicen, Magna Motors, GB ENERGY Texaco DR, Interenergy, Intercaribbean Airways, VFS, Ravi Caribe, APH abogados, Fersan,, APH Abogados, NTD Ingredientes, CIEF, Trinidad and Tobago Chamber of Commerce, Embassy Jamaica, Prodominicana, ADOEXPO, IQTEK Solutions and ANJE.

El cargo Jamaica Chamber of Commerce is launched in the Dominican Republic apareció primero en Quiroz Advisors.

Madrid, Spain, May 20, 2021. Sigmund Freund, General Director of Public Private Partnerships (DGAPP), and Biviana Riveiro, Executive Director of ProDominicana – Center for Export and Investment of the Dominican Republic, offered details on investment opportunities offered the Dominican Republic to a group of businessmen representing high-level companies in sectors with the potential to invest in the country.

The presentation by government officials took place on Wednesday, May 19, during the breakfast-conference “Investment opportunities in the Dominican Republic: the moment of public-private collaboration”, organized by the Quiroz Advisors Office (QA Legal), held at carried out with the collaboration of Alias ​​Corredora de Seguros, within the framework of the International Tourism Fair (FITUR) 2021 at the Hotel Relais Chateaux Orfila in Madrid. José A. Quiroz, Founding Partner of QA Legal, and Martín Carlevaro, expert in Infrastructure and Public-Private Partnerships and Senior Partner of BKM Berkemeyer were the other two speakers at the event.

As for the attendees, more than 50 businessmen met in person, as well as several Dominican businessmen who were in Madrid on the occasion of FITUR 2021. The event was also broadcast virtually in order to overcome capacity limitations on the occasion of the situation caused by COVID-19.

There was an outstanding participation of groups specialized in the construction sector with experience in concessions and public-private alliances in Latin America, as well as executives from companies in the banking, insurance, agri-food, renewable energy and sustainable development and consulting sectors.

Interventions

• The Director of ProDominicana, Biviana Riveiro, highlighted that the Dominican Republic is the main recipient of foreign direct investment in the Caribbean region and the second investment destination in all of Central America, also highlighting that Spain is the main commercial partner in Europe and the fourth country among those who prefer the country as an investment destination.
• For his part, Sigmund Freund, Director of the GAPP, stated that this is the ideal time for PPPs, since there is a regulatory framework with benefits and attractions for the execution of projects through this modality, as well as with sectors of interest and projects defined to receive these investments, such as the Pedernales Tourism Development and the Amber Highway, among others.
• On the part of the host firm of the event, José Quiroz presented the Infrastructure and PPP Department of the Quiroz Advisors Office – QA Legal, which has vast experience and implementation of best practices in projects under the PPP modality, thanks to its strategic alliance with the firm BKM Berkemeyer, a firm that has a solid practice in infrastructure, advising hundreds of investors in the development of investment projects in the road, social, energy and sanitation infrastructure sector, having worked in the development of more than 40 projects under the PPP modalities, public works concessions, in several Latin American countries and in the United States.
• Martín Carlevaro, senior partner of BKM Berkemeyer, spoke about his extensive practice in the implementation of public-private collaboration projects in the region and about the lessons learned from more than 17 years of experience in the field, project financing and concessions of works or services public.

After finishing the presentations of the speakers, there was an interesting exchange between the participants of the event.

Next, we are pleased to share with you the video of the event “Investment opportunities in the Dominican Republic: the moment of public-private collaboration”:

El cargo “Investment opportunities in the Dominican Republic: the moment of public-private collaboration” – CONFERENCE apareció primero en Quiroz Advisors.

Despite the fact that the law dates back to the beginning of the year, it was not until last July that the process to follow to benefit from its provisions was defined, through the promulgation of rule 04-20 by the General Directorate of Taxes Internal (DGII).

Recently, the media shared a very interesting question and answer session that we detail below:

Why was this law approved urgently by the Chamber of Deputies?

The law had already been discussed for more than a year and a half in Congress, and it was agreed with different sectors of the national economy who were awaiting its enactment.

Who benefits from the Law of Transparency and Asset Revaluation?

To all taxpayers natural persons, legal entities and undivided estates who wish to regularize their tax debts, make transparent or revalue assets or rights (chapter I, art. 2).

It would allow those small merchants to formalize their commercial activity and avoid sanctions by the different obliged subjects when acquiring goods and services (dealers, banks, real estate, among others) and in addition, a bankarization of resources that are currently found in the informal sector or abroad, which would contribute to economic and exchange rate stability.

What sectors were demanding the enactment of the law?

All those who promote legal certainty and those who fear that the drasticity of the laundering law will affect those who have incurred in tax non-compliance due to lack of knowledge, so that only those who do so deliberately are objects of sanction.

How many times has the DGII applied an amnesty like this?

First, clarify that this is not one of the amnesty law, since it does not prevent audits by the tax administration, and it does not prevent a person, even having availed themselves of the facilities herein, from being subjected for the violation of other laws ( money laundering, public function, others).

For more information, at QA Legal we can help and guide you in each part of the process. Contact us in the way of your preference and we will gladly assist you.

El cargo Law No. 46-20: Law of Transparency and Equity Revaluation apareció primero en Quiroz Advisors.

At QALegal we have a team specialized in legal advice to foreign capital investors in the Dominican Republic, including our managing partner, José A. Quiroz, who has more than 15 years of experience in the area.

From markets and very complex commercial areas, the energy sector, finance and insurance, to agricultural and tourism projects, our team of lawyers has for years provided the best legal support to foreigners who have chosen the Dominican Republic as their investment destination.

El cargo Foreign Investment in the Dominican Republic apareció primero en Quiroz Advisors.

The advantages of choosing arbitration are:

• Matters will be handled under strict confidentiality rules.
• The conflict will be settled by third-party experts and knowledgeable about the subject of the dispute.
• Stakeholders are those who propose to the panel of experts who handle the situation.
• The costs are predictable.
• The conflict resolution time is less than that of the judicial instances.

All commercial matters or not, derived from a contract in which the parties have voluntarily agreed to resolve their disputes through arbitration

It is recommended that the decision to submit your affairs to arbitration be agreed between the contracting parties, at the time of signing a contract or after the conflict arises, through a commitment document.

The model arbitration clause suggested by the Center for Alternative Dispute Resolution is as follows:

“Any litigation, controversy or claim resulting from this contract or related to it, its breach, its interpretation, its resolution or nullity will be submitted to Arbitration. These disputes will be resolved in accordance with the provisions established in the Arbitration Regulations of the Center for Alternative Dispute Resolution of the Santo Domingo Chamber of Commerce and Production. “

The parties may, however, agree on specific aspects of the arbitration, as long as said agreements do not contradict what is established in the Center’s Regulations.

El cargo Arbitration method and why choose it apareció primero en Quiroz Advisors.

It is a consultative process through which the advisor collects information on the client’s wishes and adapts a tailored strategy using appropriate financial and legal products and services, which allow the maximum potential of the investment to be obtained for the benefit of the client’s assets.

Wealth management is more than just investment advice, as it can cover all parts of a person’s financial life. The idea is that instead of trying to integrate advice and various products from a number of professionals, high net worth individuals benefit from a holistic approach in which a single manager coordinates all the services necessary to manage their money and plan on their own. themselves or the current and future needs of their family.

While the use of a wealth manager is based on the theory that he or she can provide services in any aspect of the financial field, some choose to specialize in particular areas. This may be based on the experience of the wealth manager in question or the primary focus of the business in which the wealth manager operates.

Wealth management practices differ by nation, so it is important to get proper advice from local experts. If you are interested in knowing more about this aspect, do not hesitate to contact us.

El cargo Wealth Management in the Dominican Republic apareció primero en Quiroz Advisors.