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

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

β€’ SA (Corporation Equivalent) – Ideal for larger businesses.

β€’ EIRL – A sole proprietorship with limited liability.

Requirements for Registration

β€’ Company name registration (ONAPI approval).

β€’ Company bylaws (legal business purpose and structure).

β€’ Tax Identification Number (RNC).

β€’ Registration in the Mercantile Registry.

β€’ Minimum of 2 shareholders for SRL and SA.

β€’ Corporate bank account setup.

Time & Cost

β€’ Processing time: 3 to 6 weeks.

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

Post-Registration Steps

β€’ Open a corporate bank account.

β€’ Obtain licenses (if required).

β€’ Register employees in the social security system.

β€’ Tax reporting and accounting (DGII compliance).

Benefits of Registering a Business in the Dominican Republic

βœ” 100% foreign ownership allowed – no local partner required.

βœ” Low corporate tax (27%) with available incentives.

βœ” Minimal bureaucracy and fast processing.

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