Ley No. 8-90 sobre el Fomento de Zonas Francas
In forceLey No. 8-90 sobre el Fomento de Zonas Francas, 15 de enero de 1990
Effective 1990-01-15 · Applies to private
Article 1 sets the law's object as fostering the establishment of new free zones and the growth of existing ones, coordinating public and private-sector action toward that end. Article 2 defines a zona franca as a geographic area of the country subject to the special customs and fiscal controls the law establishes, in which an enterprise directing its production or services to the external market may install itself in exchange for the incentives the law grants.
Article 6 sets out the zone types, including industrial-or-services zones installable anywhere in national territory, and a paragraph lets the Executive Power regulate, within the National District, the installation of advanced-technology industrial or services plants requiring highly skilled labor.
Article 24 grants free-zone operators and enterprises a 100 percent exemption from income tax, construction and real-property-transfer taxes, company-formation tax, municipal taxes, import duties on raw materials, equipment, and construction materials, export or re-export taxes, patent and asset taxes, and the industrialized-goods transfer tax (ITBIS), among the specific exemptions the article enumerates.
Free-zone operating permits are granted by Executive Decree on the prior recommendation of the Consejo Nacional de Zonas Francas (the operators-and-enterprises definition in article 5).
Source: Full text of law