NewsWhore
12-10-2008, 04:20 PM
The Chamber of Deputies approved the Small Business Act (Ley Pyme) that simplifies governmental requirements for small business yesterday. Issaachart Burgos, president of the Dominican Confederation for Small and Medium-scale Business (Codopyme) stressed the importance of the bill for job creation, especially at a time when large companies are cutting jobs. He is optimistic that the legislation could stimulate the creation of 100,000 new jobs in the first half of 2009. Codopyme is also holding workshops to train small businesses in adopting the new Simplified Tax Declaration Procedure (PST) that makes tax paying easier for small companies.
This is the second important bill Congress has approved in favor of small business. In November, Congress passed a new company formation bill that was drafted by the National Competitiveness Council (CNC). That bill creates the figure of single-owner companies, a welcome change to the previous system where companies were obliged to have seven partners. At the time, Andres van der Horst, director of the CNC highlighted the positive effect the simplification of the company formation procedure would have on small business development.
See www.cnc.gov.do (http://www.cnc.gov.do)
More... (http://www.dr1.com/index.html#1)
This is the second important bill Congress has approved in favor of small business. In November, Congress passed a new company formation bill that was drafted by the National Competitiveness Council (CNC). That bill creates the figure of single-owner companies, a welcome change to the previous system where companies were obliged to have seven partners. At the time, Andres van der Horst, director of the CNC highlighted the positive effect the simplification of the company formation procedure would have on small business development.
See www.cnc.gov.do (http://www.cnc.gov.do)
More... (http://www.dr1.com/index.html#1)