Fees and timelines in 2024
Fees
The average fee per Dominican Republic engagement is outlined in the table below. These fees include company incorporation, opening corporate bank accounts, project management and all government fees:
Different Dominican Republic entity types | Cost | Draft invoice |
---|---|---|
SRL | US$17,300 | View invoice PDF |
SAS | US$16,500 | View invoice PDF |
SA | US$18,000 | View invoice PDF |
Branch of a foreign company | US$15,950 | View invoice PDF |
Representative office | US$16,250 | View invoice PDF |
Tax exempt LLC | US$17,300 | View invoice PDF |
Fast solution | US$31,115 | View invoice PDF |
Free zone LLC | US$31,115 | View invoice PDF |
Timelines
The average Dominican Republic company registration period is 12 weeks as outlined below:
Service | LLC | SLC | PLC | Branch | Rep office |
---|---|---|---|---|---|
Engagement planning | 1 week | 2 weeks | 2 weeks | 2 weeks | 2 weeks |
Company incorporation period | 4 weeks | 8 weeks | 9 weeks | 7 weeks | 6 weeks |
Bank account approval | 3 weeks | 4 weeks | 4 weeks | 4 weeks | 4 weeks |
Internet banking approval | 3 weeks | 2 weeks | 2 weeks | 2 weeks | 2 weeks |
Incorporation completion | 1 week | 1 week | 1 week | 1 week | 1 week |
Total engagement period | 12 weeks | 17 weeks | 18 weeks | 16 weeks | 15 weeks |