Dominican Republic Company Formation

Dominican Republic Company Incorporation

We can assist with all aspects of incorporating an SRL company in the Dominican Republic. We can incorporate you company in in 3 weeks.

Dominican Republic SRL - Sociedad de Responsabilidad Limitada

An SRL requires one director and two shareholders and is best suited for small to medium-sized businesses.

Company Incorporation process in the Dominican Republic

We can assist with the following:

  • Reserving your Company Name
  • Liaising with the local registrar and relevant authorities
  • Record the company documents with the Business Registry, Registro Mercantil
  • Prepare your Company Registration Forms
  • Drafting the Articles of Association / Statutes
  • File the documents with the Companies Registry
  • Incorporation Deed
  • Register with tax authorities
  • Payment of taxes on incorporation
  • Initial government licence fee payable on incorporation
  • Certificate of Incorporation
  • Issue of shares and production of share certificates
  • Delivery of documents by courier

We will draw up a list of shareholders. If the shareholders are unable to attend a meeting to form the company; we draw up Powers of Attorney in favour of our notary in the Dominican Republic. These documents are legalised for use in the Dominican Republic and sent to the notary. Prior to the meeting, the notary will obtain a name clearance certificate from the National Office of Industrial Property.

There is then a meeting of shareholders together with our notary:

  • The company statutes need to be signed by the shareholders
  • An application form to be given to the Mercantile Registry is written up and signed by all shareholders
  • Share Capital is deposited in a bank, and a certificate of deposit is given to the Notary
  • The notary takes identification documents for all the shareholders and certifies that these people exist and are aware of their actions
  • The notary is then required to pay the incorporation tax to the Colector de Impuestos Internos, usually 1% of the value of authorised capital

Company Name Check

When the company name is approved a certification of approval of the name is issued by the National Industrial Property Office within 10 days. When registering the company name, we will file a formal name application to the State Secretarial for Industry and Commerce. After this publication the company name must be published in a national circulation newspaper.

Mercantile Registration

Once the company has been incorporated we will register the incorporation documents with the Chamber of Commerce in order to obtain your Mercantile Registration Certificate.

Company Law (Ley de Sociedades) #479-08, governs company formation in the Dominican Republic.

We will send the following to the Mercantile Register:

  • The Deed of Incorporation.
  • The Incorporation Application.
  • bank deposit receipt.
  • receipt showing payment of Incorporation Tax.
  • And the required payment to the Mercantile Register

Tax Registration

We will register your company with the Bureau of Internal Taxes, Dirección General de Impuestos Internos (DGII)

All companies in the Dominican Republic must obtain a tax number by registering with the DGII. The company tax number número de registro nacional de contribuyentes”) permits the company to open a bank account.

Company Directors

Only one director of any nationality is required to incorporate an SRL and SAS in the Dominican Republic.

Company Shareholders

  • Only two shareholders are required with no restriction placed upon nationality
  • Foreign shareholders must obtain tax identification number, and we apply on your behalf.
  • As we will be filling documents on behalf of the shareholders, a Power of Attorney will be required.

Where a foreign company will be a shareholder, we need

a) Certified copies of the constitutes documents of the society;
b) Certified copies of the Commercial Register documents, or its equivalent; and,
c)  Power of Attorney or Official Act  stablishing who is going to represent the society in this country.

Share Capital - SRL Sociedad de Responsabilidad Limitada

The share capital required for an SRL is RD$100,000 (€2,000). Transfer of shares is restricted, and requires 50 to 75% of the votes of the shareholders for approval.

SRL Reporting Formalities

Companies in the Dominican Republic must comply with the following reporting formalities:

  • Hold a general annual meeting to review the company’s operation for the previous year. Minutes of the meeting must be recorded with the Business Registry.
  • Renew the company registration with the Business Register, every two years.
  • Retain company books and correspondence for a minimum of ten years.

Dominican Republic Company Registered Office

your company requires a registered office in the Dominican Republic and a registered agent, which we can provide

Ask System Day
only required if you wish us to call you back
Dominican Republic fees to Incorporate
  • Time - 3 weeks to incorporate your Dominican Republic company
  • Company Formation - £1260
  • Registered Office fee - £580
  • Notary Fee - £400
Dominican Republic Annual Maintenance Fees
  • Registered Office Fee - £580
Dominican Republic Advantages
  • Directors - only 1 director of any nationality is necessary to incorporate an SRL
  • Share Capital - the share capital requirement is RD$100,000 (€2,000) for an SRL
  • Shareholders - only two shareholders of any nationality is required
  • Registered Office - your company requires a registered office in the Dominican Republic and a registered agent, which we can assist with this requirement
  • Support - using our 20 years experience we guide you throughout every step of the company formation process