10 steps to incorporating in the Dominican Republic in 2024

Incorporation of a company in the Dominican Republic can be completed in an average of three months. Our Clients will not have to travel to the country, provided that a Power of Attorney is issued to the Dominican Republic incorporation agent who will complete all procedures on behalf of our Clients. The typical procedures for formation of a business in the Dominican Republic are as follow:

1. Before Healy Consultants starts the incorporation of the company in the Dominican Republic, our Firm requests our Clients to i) settle the fees applicable to the engagement ii) sign and return the engagement agreement letter and iii) provide requested documents for us to conduct due diligence over their business;
2. Healy Consultants then drafts a detailed Dominican Republic company incorporation project plan, mapping out step by step formation procedures for the company, as well as the corporate bank account opening procedures. Such preparatory work aims at indicating to our Clients by when completion of the project is to be expected;
3. Healy Consultants’ Dominican Republic Incorporation agent prepares and sends our Clients the Memorandum and Articles of Association of the company, together with the shareholders and directors consent forms. Our Clients sign these documents and courier them back to Healy Consultants’ head office;
4. Healy Consultants then conducts a company name check to verify the uniqueness of the proposed company name. If confirmed, our Firm subsequently purchases the name on behalf of our Clients;
5. Healy Consultants will then arrange to publish the purchased company name with the National Office of Industrial Property (ONAPI)’s monthly publication and obtain a certificate of registration;
6. To complete Dominican Republic business incorporation procedures, our Firm then i) pays the capital duty of 1% of the company’s authorized capital on behalf of our Clients ii) register the company with the Chamber of Commerce and iii) obtain the company identification number (RNC);
7. Post incorporation of the company, Healy Consultants i) registers the company with the National Taxpayers Registry at the Dominican Internal Revenue Services (DGII) and ii) (if required by the Client) apply for fiscal receipts;
8. Healy Consultants International Banking Team assists our Client to open a corporate bank account in the Dominican Republic. We usually select international top tier banks with excellent internet banking, to provide our Client with the best corporate banking services in the Dominican Republic;
9. If required, Healy Consultants will register the employees with i) the Department of Labor for employee protection and ii) the Social Security Service (CNSS);
10. After registration of the Dominican Republic company is completed, Healy Consultants will courier, to our Client’s preferred international address, the complete company kit including i) original corporate documents ii) an unopened bank correspondence and iii) Client engagement feedback survey to assess the quality of Healy Consultants’ Dominican Republic company incorporation services.