We can assist with all aspects of incorporating an SRL company in the Dominican Republic.
An SRL requires one director and two shareholders and is best suited for small to medium-sized businesses.
We can assist with the following:
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:
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.
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:
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.
Only one director of any nationality is required to incorporate an SRL and SAS in the Dominican Republic.
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 establishing who is going to represent the society in this country.
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.
Companies in the Dominican Republic must comply with the following reporting formalities:
your company requires a registered office in the Dominican Republic and a registered agent, which we can provide
Our Dominican Republic ready made companies have been fully maintained up to the countries accounting and reporting standards (financial statements, annual returns, etc), have conducted no business activities and have no debts or liabilities. Our ready made companies can be transferred in 5 - 7 days.
Our companies have:
Both the registered address and company name may be changed if required.