Dominican Republic — Business: Limited Company

Key facts

• The Chamber of Commerce needs the commercial registration application form, the original and copies of the company statutes, and a copy of the DGII payment receipt for incorporation tax.
• Under Anti-Money Laundering Law 155-17, if a subscriber holds shares at or above the statutory threshold, the statutes must state the payment method used for the subscription.
• DGII needs the RC-02 sworn declaration, the commercial registry certificate, the trade-name certificate, the 1% payment receipt and ID or passport copies of all shareholders.
• The company must designate a natural person responsible for its tax obligations, backed by a copy of the assembly minutes recording acceptance.
• Contributions in kind require the property title and a current legal-status certificate for real estate, or the vehicle registration for vehicles.
• On getting the RNC the company receives a registration record listing its tax obligations and deadlines, and must state its economic activity under the international CIIU classification.

Steps

1. Step 1: Choose a Business Name — The business name must be unique and comply with the Commercial Code's requirements. It is unclear how to verify name availability and what the process entails.
2. Step 2: Prepare Required Documents — The specific documents required for a limited company in the Dominican Republic are unknown. It is generally recommended to consult with a local attorney or business advisor.
3. Step 3: Register the Company — The process of registering a limited company in the Dominican Republic is unclear. It is believed to involve submitting paperwork to the relevant authorities, but the exact steps and required documents are unknown.
4. Step 4: Obtain Licenses and Permits — The licenses and permits required for a limited company in the Dominican Republic are unclear. It is recommended to consult with a local attorney or business advisor to ensure compliance with all relevant regulations.