What is your Tax ID in the Dominican Republic? | RNC

What is the Tax Identification Number in the Dominican Republic and how to obtain it? The Tax ID Number in the Dominican Republic is the RNC, which stands for ‘Registro Nacional de Contribuyentes’, and it is issued by the National Tax Authority, called ‘Dirección General de Impuestos Internos’. All companies need to have an RNC since it serves as proof of the existence of the company, but also because it allows the government to collect taxes.

Thanks to the multiple Tax Benefits the government offers as an incentive for opening companies, the Dominican Republic has attracted people from all over the world and is now considered one of the best countries to start a business in Central America.

What is an RNC?

RNC stands for ‘Registro Nacional de Contribuyents’, which is the number used as identification for taxpayers in the Dominican Republic. Both natural persons and legal entities need a Tax ID Number to conduct commercial activities.

Obtaining a Tax ID is one of the final steps in the company formation process, and is necessary to open a corporate bank account, as well as to start operations. This number must be in all receipts and documents the company is going to issue since it proves its existence.

How to obtain an RNC?

The process to obtain an RNC for your company in the Dominican Republic can be done online at the website of the ‘Dirección General de Impuestos Internos’, also known as DGII. Depending on the type of legal structure your company is in, the steps and requirements may vary, but they usually need the submission of the documents proving the existence of the company, as well as the information about the legal representatives, shareholders, etc.

What documents are required to obtain an RNC in the Dominican Republic?

In order to obtain an RNC you must submit the following documents to the DGII. These may vary depending on the type of company you chose:

• Copy of the ID or passport of the shareholders

• Copy of the certificate of the company name to be registered

• Copy of the certificate of company registration provided by the Mercantile Registry

• Copy of the notarized bylaws

• If applicable, a copy of the certificate of ownership of physical assets (properties, vehicles, etc.)

What government agency issues it?

The ‘Dirección General de Impuestos Internos’ or DGII, is the government’s office in charge of the recollection and distribution of all internal taxes in the Dominican Republic since 1997. Its main office is located in Santo Domingo, but it has many others distributed throughout the whole country.

The objective of the DGII is to guarantee all taxpayers comply with their fiscal responsibilities, but also to avoid drug trafficking, fraud, noncompliance, piracy, and more.

Is it necessary to have a registered company in the Dominican Republic to obtain an RNC?

Yes, if you need an RNC for business purposes, it is essential to have a registered company in the Dominican Republic. If you already have a company, then you most definitely also have an RFC, since it is part of the company formation process in the Dominican Republic.

These are some of the steps you need to follow to register a company:

1. Choose the correct type of legal form for your company

   It is important to remember how many shareholders or members the company is going to have. These are some of the most common types of companies in the Dominican Republic:

   • A corporation or ‘Sociedad Anónima’ (S.A.)

   • Limited Liability Company or ‘Sociedad de Responsabilidad Limitada’ (S.R.L.)

   • Foreign Branch Office

2. Appoint a Legal Representative in the Dominican Republic

3. Register the name of the company at the Mercantile Registry

4. Draft the company’s bylaws

5. Pay the incorporation fees

6. Submit the registration documents to the DGII to obtain a Tax ID in the Dominican Republic

7. Open a corporate bank account

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• Appointment of legal representation,

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Manage your Company bank account opening

• Manage your Trademark Registration

• Recruiting and Hiring Talent

• Corporate Legal Services