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CONTADORES DOMINICANOS
The expansion of e-commerce and digital businesses has been significant in recent years. Adhering to legal requirements, ensuring security, and promoting transparency are essential for success in this digital age.
According to statistics from the Central Bank of the Dominican Republic, this type of business has experienced a significant upswing in recent years, catalyzed by the Covid-19 pandemic. During this period, purchases of goods and services through digital channels increased by 7.7% from 2021 to 2022, rising from RD$28.6 million to RD$32.5 million, with a total of 87,785 electronic commerce transactions in local establishments.
This has also significantly increased the number of legal disputes due to non-compliance with regulatory norms, often caused by companies’ lack of knowledge or a lack of a protocol that ensures consumer rights and enforces business rights.
Dominican companies must focus even more on having a compliance program in these business models to avoid legal disputes that could result in fines and sanctions by the administration, while being vigilant of the laws regulating online businesses as well as other regulations that can also apply to this industry.
The laws in the Dominican Republic, such as the Law of Services of the Information Society and Electronic Commerce and the Data Protection Law, are key to formalizing an online business and establishing solid relationships with customers.
This law regulates e-commerce activities in the Dominican Republic, establishing the obligations and rights of online service providers. It aims to foster trust in digital transactions and protect consumers’ rights.
These regulations aim to safeguard the privacy and security of online users’ personal information. In the Dominican Republic, compliance with these laws is crucial to ensure the protection of customer data and to avoid potential penalties for non-compliance.
The formalization of an online business is crucial to ensure its legality and compliance with legal requirements. In the Dominican Republic, digital businesses must follow the guidelines set by the Law of Services of the Information Society and Electronic Commerce and the Data Protection Law.
These regulations ensure transparency, data protection, and security in digital operations.
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