Update - Law Enacted to Promote Public Offerings in the Dominican Republic Stock Market Including Tax Incentives

The Dominican Republic's Directorate General of Internal Revenue (DGII) has published Law 163-21 for the Promotion of the Placement and Commercialization of Public Offering Securities in the Stock Market of the Dominican Republic, which was promulgated (enacted) by President Luis Abinader on 6 August 2021. As previously reported, the law provides several incentives in relation to the promotion of listing securities on the Dominican Republic stock market, including:

• An exemption from the 1% …