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Company Formation

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  • company formation service

Company Formation Service

The formation of a company in the Dominican Republic can be surprisingly complex. Not every company formation is the same, procedures, timelines, languages, costs and requirements can differ wildly - not only from company type to company type but also by behavior through a different culture of the persons you're dealing with.

The fact that we have known the Dominican Republic for 20 years enables us to offer a tailor made service to foreigners who want to explore the Dominican market through a new company formation or by registering their existing company.

Corcons local office is staffed by experienced company secretaries, lawyers and paralegals with several decades’ worth of experience in incorporation. Corcons experts not only speak the local language but have detailed knowledge of their jurisdiction (its laws, customs and culture) with regular, direct contact with the local authorities in the Dominican Republic we operate in so we are on top of changes as, and when, they happen. We are able to offer fixed fee and single currency invoicing if preferred and we are compliant with all international and local tax regulations supported by robust Know Your Client (KYC) and anti-money laundering processes.

One of the best benefits associated with corcons company formation service is the money saved by using this option. Excluding indirect costs, such as wasted time, you directly save money by avoiding potential problems and getting your company ready to go faster. By saving as much money as possible from the start, you can open up more opportunities for growth and success in your new location.

Types of Commercial Companies

  • Limited Liability Company (S.R.L.)

    Minimum of partners: 2
    Maximum of partners: 50
    Company management body: Board of Directors
    Minimum authorized capital: DOP 100,000.00 equivalent USD ca. 2,000
    Authorized capital (subscribed and paid): No need

    This corporate form is ideal for small and medium businesses, and family businesses.

  • Individual Limited Liability Company (E.I.R.L.)

    Minimum of partners: Sole owner
    Maximum of partners: Does not have
    Management body of the company: Manager
    Minimum authorized capital: Any capital contributed
    Authorized capital (subscribed and paid): No need

    It is a type of company widely used in the country, mainly due to the fact that they are companies that have a sole owner and, in addition, they are formed with an independent patrimony and separated from the other assets that a person has as a natural person.

  • Corporations (S.A.)

    Minimum of partners: 2
    Maximum of partners: No limits
    Company management body: Board of Directors
    Minimum authorized capital: DOP 30,000,000.00 equivalent USD ca. 600,000
    Authorized capital (subscribed and paid): DOP 300,000.00 equivalent USD ca. 6,000

    There are two (2) types of Corporations (S.A.): Public Subscription Company and Private Subscription Company. The Public Limited Company is intended for large investment businesses.

  • Simplified Corporations (S.A.S.)

    Minimum of partners: 2
    Maximum of partners: No limits
    Company management body: Management Board
    Minimum authorized capital: DOP 3,000,000.00 equivalent USD ca. 60,000
    Authorized capital (subscribed and paid): DOP 300,000.00 equivalent USD ca. 6,000

    Autonomy to freely stipulate the norms of society. Liability is limited.

Corcons is not only a awesome immigration assistance.

We look forward to assisting you in making the right decision of changing your life and empowering your future in the Dominican Republic.