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What actions are being taken in Mexico to combat money laundering through investment in the real estate sector?
In Mexico, measures are being implemented such as the identification and reporting of unusual transactions in real estate, as well as the requirement of information on the final beneficiaries of the transactions to prevent the use of the real estate sector in money laundering.
What is the role of insurance sector professionals in preventing money laundering in the Dominican Republic?
Insurance sector professionals play a crucial role in preventing money laundering in the Dominican Republic. They are subject to regulations that require due diligence in identifying and verifying customers, as well as reporting suspicious transactions. Additionally, insurance sector professionals are expected to implement compliance programs, train their staff and conduct regular risk assessments to prevent money laundering in the sector.
What are the tax regulations for the import and export of goods in the Dominican Republic?
The import and export of goods in the Dominican Republic are subject to specific tax regulations. Imports are subject to the Tax on the Transfer of Industrialized Goods and Services (ITBIS) and other taxes and tariffs according to the classification of the products. Exports are usually exempt from ITBIS, and companies can access additional tax benefits under international trade agreements. Complying with customs and tax regulations is essential when carrying out import and export operations in the country
What is the application and approval process for a home loan in Costa Rica?
The application and approval process for a home loan in Costa Rica generally involves submitting an application to your chosen bank or financial institution. The applicant must provide financial information, identification documents, proof of income and details about the property to be purchased. The bank will evaluate your ability to pay, credit history, and property value to determine loan approval and terms.
What is the procedure to change the name on the identity card after a legal name change process?
After a legal name change, you can request to update the name on the identity card at the Civil Registry. Legal documents supporting the name change must be submitted, and established procedures will be followed.
How can I apply for a residence permit for foreign investors in the Dominican Republic?
Foreign investors who wish to obtain a residence permit in the Dominican Republic must submit an application to the National Migration Council. They must provide documents that demonstrate their status as investors, such as investment certificates, business plan, among others. In addition, they must comply with the requirements established by immigration legislation and obtain approval of the application by the competent authorities.
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