Countries › Dominican Republic › Guide › 5. FX and capital controls › Investing abroad from the Dominican Republic: no exchange limit, but tax on foreign income and reporting

Investing abroad from the Dominican Republic: no exchange limit, but tax on foreign income and reporting

Argentina. For full detail on Argentina, go to The Argentine Thread.

Last verified: 2026-10-30 · Status: Changing

No exchange law limits a Dominican resident or company from sending money abroad to invest. Since Ley 30-26, art. 269 taxes residents on income from outside the country from investments, financial gains and technical assistance. Foreign tax is creditable up to the Dominican tax on that income, and foreign currency commitments are reported to the Banco Central.

USD figures use the Banco Central de la República Dominicana reference selling rate of RD$60.9007 per US dollar for 29 October 2026, as shown on its home page on the verification date, rounded to the cent.

Key facts

Limits on outbound investment	None found textLey 183-02 art. 28, as of 2026-10-30 · in force
Foreign income taxed for residents	Investments, financial gains and technical assistance textLey 11-92 art. 269 as amended by Ley 30-26 art. 12, as of 2026-10-30 · in force
New resident foreign income taxed from year	3 tax yearLey 11-92 art. 271, as of 2026-10-30 · in force

The rule

1. Free convertibility covers transactions in foreign currency in both directions on freely agreed terms, and all exchange operations go through authorized entities.Ley 183-02 Monetaria y Financiera; Reglamento Cambiario, Primera Resolución JM 250911-01, art. 28; art. 72 literal c, 2025-09-11 official text · verified 2026-10-30

2. Residents and domiciled persons pay income tax on Dominican source income and on income from outside the country from investments, financial gains and technical assistance, unless otherwise provided.Ley 11-92, Código Tributario as amended by Ley 30-26, art. 269; Ley 30-26 art. 12, 2026-06-18 official text · verified 2026-10-30 · changed: Ley 30-26 of 18 June 2026 restated art. 269, adding technical assistance to the foreign income listed.

3. Residents credit income tax actually paid abroad on foreign source income taxed in the country, up to the Dominican tax on that same income.Ley 11-92, Código Tributario, art. 316 literal a, 1992-05-16 official text · verified 2026-10-30

4. The foreign tax is converted to pesos at the average rate of the currency for the period, a rate requested from the monetary authorities.Reglamento 139-98 del Impuesto sobre la Renta, art. 83 paragraph, 1998 official text · verified 2026-10-30

5. Foreign currency assets abroad, including deposits and investments, are adjusted at each closing with the DGII rate, and the result counts for tax.Reglamento 139-98 del Impuesto sobre la Renta; Ley 11-92, Código Tributario, art. 109 literal a; art. 293, 1998 official text · verified 2026-10-30

6. New residents are taxed on foreign source income only from the third year or tax period after becoming resident.Ley 11-92, Código Tributario, art. 271, 1992-05-16 official text · verified 2026-10-30

7. A taxpayer must prove the origin of funds sent abroad or received when needed for assessing tax.Ley 11-92, Código Tributario, art. 272 paragraph, 1992-05-16 official text · verified 2026-10-30

8. Natural or legal persons taking on foreign currency commitments report them to the Banco Central for statistics.Reglamento Cambiario, Primera Resolución JM 250911-01, art. 70, 2025-09-11 official text · verified 2026-10-30

9. Cash or bearer instruments of US$10,000 or more leaving the country are declared to customs.Ley 155-17 contra el Lavado de Activos, art. 65, 2017-06-01 official text · verified 2026-10-30

Step	US$	RD$ at 60.9007
Foreign income	100,000.00	6,090,070
Dominican tax at 27%	27,000.00	1,644,319
Credit for foreign tax	15,000.00	913,511
Dominican tax payable	12,000.00	730,808
Total tax	27,000.00	1,644,319

US$100,000 of foreign investment income to a Dominican company taxed at 27%, with 15% paid abroad (assumed foreign tax)

Worked example

If foreign tax were 30% instead, the credit would stop at the Dominican tax of US$27,000, so the extra US$3,000 is a real cost. The table uses the 27% rate and a single currency, and the credit uses the period average rate in practice.

Step by step

Send funds through a bank, with the purpose documented.
Report foreign currency commitments to the Banco Central.
Keep proof of tax paid abroad.
Ask the monetary authorities for the average rate, and adjust balances at each closing.

Common traps

Art. 269 is limited to the listed foreign income. Active foreign business income of a resident may fall outside it, so take advice on the exact stream.
Art. 271 has a special note: Ley 171-07 changes the rule for pensioners and rentiers.
The Dominican Republic has income tax treaties only with Canada and Spain, so foreign withholding elsewhere stands on domestic credit.
Investing into Argentina brings Argentine rules, which are covered in The Argentine Thread guide.

Sources

Related: Dominican Republic country profile · live dashboard · central bank and release calendar · our posts on X · where Argentina is involved, see The Argentine Thread guide

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