The Dominican Republic has flexible and business-friendly corporate law. Dominican companies can be attractive for both local investments and international or offshore type business. Probably one of the major advantages, in fact, is that the country is not seen as a tax haven, but - just like in Panama, for example - local companies do not pay tax on their income from overseas.

A further attractive feature is the Personal Residence aspect for executives of the company. If your business is international or internet based, you can live in the Dominican Republic, run your worldwide business, and qualify for a second passport after as little as three years of official residence.

Getting back to company formation, The most common corporate form is the regular company or compañia por acciones which is abbreviated to either C. x A. or S.A.

Some of the attractive features are:

    *      No minimum capital requirement
    *      Very strong limited liability of shareholders
    *      Shares may be registered or in bearer form

All Dominican companies must register for a tax number, which will be necessary for doing business in the country, opening bank accounts etc. Physical presence of the signatories is necessary for this and to establish bank accounts (however, it is also possible to open accounts off the island with no need to travel.)

Incorporation requires a minimum of seven shareholders, but it is common to use nominees for this purpose. When incorporating companies for clients we do provide nominee service.

Typical timescale for incorporation and all necessary formation procedures, obtaining tax number etc is 4-6 weeks.

The typical fee for incorporation is a package deal which includes:

    *     Incorporation (including notary and lawyer services)
    *     Nominee services
    *     Post incorporation structuring (share certificates etc)
    *     Registered office/agent

Please note we also offer worldwide incorporation services via our Panama international clients office, together with bank introduction services. Through one point of contact within our firm, we can arrange company formation in a wide range of jurisdictions. We also offer special terms for resellers.

Note: You can contact the author via http://www.invest-dr.com

or

Caporaso & Partners Law Office www.taxhavens.us, info@taxhavens.us  

Back to Offshore World Country Profile for Dominican Republic Residence and Citizenship in the Dominican Republic Real Estate in Dominican Republic Fast Divorce in the Dominican Republic