The Finance and Insurance industry group comprises establishments primarily engaged in financial transactions (transactions involving the creation, liquidation, or change in ownership of financial assets) and/or in facilitating financial transactions. Three principal types of activities include: raising funds by taking deposits and/or issuing securities and, in the process, incurring liabilities; and pooling of risk by underwriting insurance and annuities; and providing specialized services facilitating or supporting financial intermediation, insurance, and employee benefit programs.
Industry code
FNS
Industry Code Full
FNS
Doing Business in the Dominican Republic
Thanks to its privileged geographical position, the Dominican Republic serves as a bridge between Europe, Asia and the Americas, interconnecting international markets, with a growing economic and social climate, making Dominican Republic an ideal place to invest, thanks to its logistics platforms.
Issues Clarified with the Approval of the New Model of the Temporary Solidarity Tax for Great Fortunes
With the publication in the BOE of Order HFP/587/2023, relating to the Temporary Solidarity Tax of Great Fortunes, various aspects have become clear that since the approval of the tax regulations indicated through Law 38/2022, of December 27, 2022, they were only intuited, not without some controversy.
The Tax Effects on Personal Income Tax of the New Housing Law
It is not an issue that has been commented on excessively, but the fiscal effects that the recently approved Housing Law may have are noteworthy. The rule, which will enter into force on January 1 of next year, establishes changes that will be reflected in the income statements of landlords as of 2024.
Superindustry Initiates Monitoring of the "chat-gpt" Application to Determine if It Complies with the Personal Data Protection Regulation
Bridge 39/65 has been launched as the pioneering fintech platform destined to serve as a bridge between Italy and Singapore. The platform’s primary objective is to provide specialized support and services tailored to fintech enterprises’ unique needs and requirements.
The Hereditary Succession in Europe: How to Determine the Governing Law
In this essay we will briefly focus on the issues to be faced when an EU citizen lives in a country other than the one of which he/she is a citizen and wants to dispose of his assets after his death.
Some of the Keys to the Approval of the MiCA Regulation
Last Thursday, April 20, 2023, the European Parliament approved, after four years of analysis and two of legislative formulation, the new regulation for the cryptocurrency market.
Harnessing the Potential of South-East Asian Businesses for Global Success
South-East Asia has become a popular destination for businesses looking to reduce their costs. Likewise, the members of the Association of Southeast Asian Nations are also keen to become the “supply chain of the world”.
Holding Companies: Modifications in the IRAE for Passive Income from Abroad
One of the main changes refers to passive income, which would now be taxed by IRAE if they did not meet certain conditions established in the regulations, and which is of special interest for holding companies.
Taxing Crypto-Assets
It’s known that virtual currency or cryptocurrency1 represents a digital value that, unlike the reality we were familiar with until then, is not issued by a central bank, electronic money institution or any other credit institution. Thus, also for this reason they are, in many legal systems, an alternative to the actual coin.