Company Registration in the Dominican Republic

Why Register a Business in the Dominican Republic?

Registering a company in the Dominican Republic offers business owners low corporate taxes, 100% foreign ownership, and a growing market with many investment opportunities.

Main Types of Companies

SRL (LLC Equivalent) – Suitable for small and medium businesses.

SA (Corporation Equivalent) – Ideal for larger businesses.

EIRL – A sole proprietorship with limited liability.

Requirements for Registration

Company name registration (ONAPI approval).

Company bylaws (legal business purpose and structure).

Tax Identification Number (RNC).

Registration in the Mercantile Registry.

Minimum of 2 shareholders for SRL and SA.

Corporate bank account setup.

Time & Cost

Processing time: 3 to 6 weeks.

Cost: $1,500 – $3,000 including legal services.

Post-Registration Steps

• Open a corporate bank account.

• Obtain licenses (if required).

• Register employees in the social security system.

• Tax reporting and accounting (DGII compliance).

Benefits of Registering a Business in the Dominican Republic

100% foreign ownership allowed – no local partner required.

Low corporate tax (27%) with available incentives.

Minimal bureaucracy and fast processing.

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