Incorporating a Company in Dominican Republic
Incorporating a Company in Dominican Republic
For Incorporating a Company in Dominican Republic or business in a short time through the Legal Services of WDA Lawyers. Our lawyers in corporate law incorporate your company, giving the entire legal advice that you require.
For information on costs and fees contact us now.
Phone: (809) 540-8001
Whatsapp: General Information For Incorporating Company in Dominican Republic
For Incorporating a Company in Dominican Republic, Usually the most used commercial companies in the Dominican Republic are the LIMITED LIABILITY COMPANIES, S.R.L. Whether in the field of trade in general, import or export, construction sector, tourism, telecommunications, free zones, companies that offer international services, call centers, etc. The advantages of this type of company are reflected in its management in what refers to each of the partners; facilitating access to the opening of bank accounts, loans, lenders with the Dominican state and opening of additional branches.
Likewise, the LIMITED LIABILITY COMPANIES, S.R.L. in the Dominican Republic allows covering additional business areas to those originally planned in the creation of the company that may become of interest to the partners. Of course, the opening of new business areas must be established through the bylaws, minutes of meetings and other corporate documents.
In the incorporation of a limited liability company in the Dominican Republic, the liability of the partners in a particular way, is limited to the number of shares or social quotas that they own of the company, not putting their personal assets at risk.
The nationality of the partners is not an obstacle according to the laws of the Dominican Republic to create a company. Among the requirements for the incorporation of limited liability provided by law is that the minimum number of shareholders is two and a maximum of fifty.
See also our Service Package for the incorporation of companies in the Dominican Republic Here.
Phone: (809) 540-8001
Capital and its Rules for Incorporating a Company
Besides of everything related to the field of Banking and Insurance, which are strongly regulated by the laws of the Dominican Republic, in the Dominican Republic there is no strict regime regarding the capitalization of a company.
It is mandatory to set the nominal value of each of the social contributions in the currency of the Dominican Republic, PESOS, or dollars of the United States of America; at WDA we will advise our clients in this regard, according to the nature of their business and the value of each share.
Decisions are made by majority of votes gathered in Ordinary and Extraordinary Assembly as a mandatory step for the company.
This simple and streamlined process should be handled by trusted and experienced business law attorneys to avoid costly delays and complications.
For information on costs and fees contact us now.
Phone: (809) 540-8001
