Marco Jurídico Corporativo

Para establecer y operar un negocio en la República Dominicana, uno debe navegar por un panorama legal caracterizado por la transparencia y la facilidad para hacer negocios. El país cuenta con un marco legal moderno que fomenta la inversión extranjera, lo que lo convierte en un destino atractivo para las empresas. Entre los elementos clave del marco jurídico figuran los siguientes:

1. Formación de empresas: La República Dominicana ofrece varias estructuras legales comerciales, incluidas las Sociedades de Responsabilidad Limitada (LLC), las corporaciones y las sociedades. Comprender qué entidad se adapta mejor a sus necesidades es un primer paso fundamental.
2. Cumplimiento normativo: Cumplir con las regulaciones y requisitos legales dominicanos es esencial. Esto incluye la obtención de los permisos y licencias necesarios, y el cumplimiento de las leyes laborales y fiscales.
3. Derecho contractual: Una base sólida de derecho contractual es crucial para las empresas. Esto implica redactar y revisar los contratos, asegurarse de que sean legalmente sólidos y proteger sus intereses.

Servicios Legales Clave

Para navegar por el mundo corporativo en la República Dominicana de manera efectiva, las empresas a menudo requieren servicios legales específicos. Algunos de los servicios legales esenciales incluyen:

1. Diligencia debida: Antes de entrar en asociaciones comerciales o fusiones, es imperativo realizar una diligencia debida exhaustiva para evaluar los riesgos y responsabilidades potenciales.
2. Protección de la propiedad intelectual: Salvaguardar sus derechos de propiedad intelectual a través de patentes, marcas comerciales y derechos de autor es vital en un mercado competitivo.
3. Cumplimiento tributario y financiero: Comprender las leyes fiscales y las regulaciones financieras dominicanas es esencial para garantizar que su empresa siga cumpliendo con las normas y sea eficiente.
4. Empleo y Derecho Laboral: Las leyes laborales en la República Dominicana son integrales. Los servicios legales son necesarios para navegar por los contratos laborales, las disputas y las regulaciones del lugar de trabajo.
5. Resolución de disputas: En caso de conflictos o disputas legales, es vital tener acceso a expertos legales para la resolución de disputas, ya sea a través de negociaciones o litigios.
6. Orientación sobre la inversión extranjera: Las empresas extranjeras que invierten en la República Dominicana pueden requerir orientación legal específica relacionada con las regulaciones e incentivos de inversión.

Oportunidades de Negocios en República Dominicana

La República Dominicana presenta numerosas oportunidades de negocios, especialmente en los sectores de turismo, energías renovables, manufactura y tecnología. La expansión de su negocio en estos dominios requiere un apoyo legal que conozca bien las complejidades de cada sector.

¡Obtenga asistencia de los expertos de Easyco!

¡La República Dominicana es el país perfecto para la formación de su empresa! Para asegurarse de registrar su empresa de la manera correcta, puede ponerse en contacto con nosotros y nuestro equipo de expertos se asegurará de que el proceso de registro de su empresa cumpla con todas las leyes dominicanas.

En Easyco, facilitamos la formación de empresas en la República Dominicana; nuestros expertos corporativos tienen una vasta experiencia ayudando a empresas e individuos a registrar sus negocios en Brasil, con un historial comprobado de éxito en todos nuestros servicios. Easyco tiene como objetivo abordar los complejos procesos de formación de empresas en LATAM. Facilitamos el registro de empresas al proporcionar una experiencia sencilla de registro de empresas en línea. Inicie su empresa en la República  Dominicana¡Hoy!

Además, Easyco también ofrece servicios adicionales para garantizar el cumplimiento de su empresa, que incluyen:

• Nombramiento de representación legal,
• Proporcionar una dirección de domicilio social
• Manejo de impuestos y contabilidad
• Servicios de nómina sin  complicaciones
• Gestiona la apertura de cuentas bancarias de tu empresa
• Gestione el registro de su marca
• Reclutamiento y contratación Talento

The post Servicios Legales Corporativos en la República Dominicana appeared first on EasyCo.

¿Qué servicios están incluidos?

En primer lugar, las empresas especializadas en tercerización contable y fiscal en la República Dominicana ofrecen una variedad de servicios, que incluyen:

• Preparación de Estados Financieros: Los estados financieros precisos y conformes son la piedra angular de este servicio.
• Cumplimiento Tributario: La orientación de expertos garantiza el cumplimiento de las regulaciones fiscales de la República Dominicana.
• Gestión de Nóminas: La externalización de los servicios de nómina simplifica la gestión de los recursos humanos.
• Elaboración de presupuestos y previsiones: Asistencia competente en el establecimiento y mantenimiento de presupuestos.
• Asistencia de auditoría: Garantizar la transparencia y el cumplimiento a través de la auditoría profesional.

¿Por qué hacerlo en República Dominicana?

La República Dominicana es una opción atractiva para externalizar sus necesidades contables y fiscales por varias razones de peso:

• Rentabilidad: La subcontratación en la República Dominicana a menudo ofrece ahorros de costos en comparación con las opciones internas.
• Mano de obra calificada: El país cuenta con una fuerza laboral calificada y bilingüe competente en aspectos financieros y legales.
• Economía estable: La nación mantiene una economía estable, lo que infunde confianza en los inversores extranjeros.
• Ubicación estratégica: Su ubicación estratégica en la región del Caribe facilita las conexiones comerciales internacionales.

Beneficios de externalizar la fiscalidad y la contabilidad en República Dominicana

Confiar sus necesidades contables y fiscales a profesionales en la República Dominicana le reporta numerosas ventajas, entre ellas:

• Enfoque en las competencias básicas: La externalización libera tiempo y recursos para que pueda concentrarse en las funciones principales de su negocio.
• Garantía de cumplimiento: Los expertos garantizan el cumplimiento de las últimas regulaciones fiscales, mitigando los riesgos.
• Riesgo reducido: Minimice los riesgos asociados con la mala gestión financiera o el incumplimiento.
• Escalabilidad: Adapte sin esfuerzo su gestión financiera a medida que crece su negocio.

En conclusión, la tercerización contable y fiscal en la República Dominicana ofrece una vía atractiva para las empresas que buscan optimizar su gestión financiera de manera eficiente. Con una amplia gama de servicios y numerosos beneficios, este enfoque estratégico es adecuado tanto para empresas locales como internacionales. A medida que el panorama empresarial dominicano continúa prosperando, adoptar la subcontratación puede ser un paso con visión de futuro hacia el éxito sostenido.

¡Obtenga asistencia de los expertos de Easyco!

¡La República Dominicana es el país perfecto para la formación de su empresa! Para asegurarse de registrar su empresa de la manera correcta, puede ponerse en contacto con nosotros y nuestro equipo de expertos se asegurará de que el proceso de registro de su empresa cumpla con todas las leyes dominicanas.

En Easyco, facilitamos la formación de empresas en la República Dominicana; nuestros expertos corporativos tienen una vasta experiencia ayudando a empresas e individuos a registrar sus negocios en Brasil, con un historial comprobado de éxito en todos nuestros servicios. Easyco tiene como objetivo abordar los complejos procesos de formación de empresas en LATAM. Facilitamos el registro de empresas al proporcionar una experiencia sencilla de registro de empresas en línea. Inicie su empresa en la República  Dominicana¡Hoy!

Además, Easyco también ofrece servicios adicionales para garantizar el cumplimiento de su empresa, que incluyen:

• Nombramiento de representación legal,
• Proporcionar una dirección de domicilio social
• Manejo de impuestos y contabilidad
• Servicios de nómina sin  complicaciones
• Gestiona la apertura de cuentas bancarias de tu empresa
• Gestione el registro de su marca
• Reclutamiento y contratación Talento

The post Servicios Contables y Tributarios en República Dominicana appeared first on EasyCo.

I. Comprensión de los requisitos

Antes de embarcarse en el viaje de abrir una cuenta bancaria corporativa, es crucial familiarizarse con los requisitos específicos. La transición a un mercado extranjero viene con su conjunto único de regulaciones. En la República Dominicana, estos requisitos suelen incluir:

1. Entidad legal: Asegúrese de que su empresa esté legalmente registrada y reconocida en la República Dominicana.
2. Plan de Negocios: Prepare un plan de negocios integral que describa las operaciones, los objetivos y las proyecciones financieras de su empresa.
3. Documentación: Reúna documentos esenciales como artículos de incorporación, números de identificación fiscal e identificación válida de signatarios autorizados.

II. Selección de la orilla correcta

Elegir la institución financiera adecuada es un paso crítico en el proceso. Tenga en cuenta los siguientes factores al seleccionar un banco para su cuenta corporativa:

1. Reputación: Opte por un banco con una sólida reputación de estabilidad y fiabilidad en el sector financiero.
2. Servicios ofrecidos: Evalúe la gama de servicios que ofrece el banco, incluida la banca en línea, el cambio de divisas y el acceso a servicios de crédito.
3. Ubicación: La proximidad a sus operaciones comerciales puede simplificar las transacciones y la comunicación con el banco.

III. Inicio del proceso de solicitud

Una vez que haya identificado el banco de elección, es hora de iniciar el proceso de solicitud. Prepare los siguientes documentos e información:

1. Formulario de solicitud: Complete el formulario de solicitud del banco con precisión y proporcione todos los detalles requeridos.
2. Documentos legales: Presente los documentos legales necesarios, incluido el certificado de registro de su empresa y los artículos de incorporación.
3. Conozca a su cliente (KYC) requisitos: Esté preparado para los procedimientos KYC, que pueden implicar proporcionar información sobre los beneficiarios reales y la fuente de los fondos.

IV. Cumplimiento y Due Diligence

El cumplimiento de las regulaciones bancarias de la República Dominicana es primordial. Los bancos del país se adhieren a estrictos estándares de cumplimiento para combatir el lavado de dinero y otros delitos financieros. Prepárate para:

1. Debida diligencia: Espere procesos exhaustivos de diligencia debida por parte del banco para verificar la autenticidad de su empresa y sus partes interesadas.
2. Controles contra el lavado de dinero (AML): Asegúrese de que sus operaciones y transacciones comerciales se alineen con las regulaciones AML.

V. Activación y mantenimiento de la cuenta

Después de completar con éxito el proceso de diligencia debida, se activará su cuenta bancaria corporativa. Asegúrese de que:

1. Depositar fondos: Cumpla con el requisito de depósito inicial para activar la cuenta.
2. Mantener el cumplimiento: Adherirse continuamente a las regulaciones de cumplimiento, proporcionar documentos actualizados según sea necesario y mantenerse informado sobre los cambios en las leyes bancarias.

En conclusión, abrir una cuenta bancaria corporativa en la República Dominicana es un movimiento estratégico para las empresas que buscan expandirse en el mercado latinoamericano. Puede navegar por este proceso comprendiendo los requisitos, seleccionando el banco adecuado y adhiriéndose a los estándares de cumplimiento. Asegúrese de que su empresa cumpla con todas las leyes y regulaciones locales para disfrutar de los beneficios de una cuenta bancaria corporativa en esta economía vibrante y en crecimiento.

¡Obtenga asistencia de los expertos de Easyco!

¡La República Dominicana es el país perfecto para la formación de su empresa! Para asegurarse de registrar su empresa de la manera correcta, puede ponerse en contacto con nosotros, y nuestro equipo de expertos se asegurará de que su proceso de registro de empresas cumpla con todas las leyes dominicanas.

En Easyco, facilitamos la formación de empresas en la República Dominicana; nuestros expertos corporativos tienen una vasta experiencia ayudando a empresas e individuos a registrar sus negocios en Brasil, con un historial comprobado de éxito en todos nuestros servicios. Easyco tiene como objetivo abordar los complejos procesos de formación de empresas en toda LATAM. Facilitamos el registro de empresas al proporcionar una experiencia de registro de empresa en línea fácil. Inicie su empresa en la República  Dominicana¡Hoy!

Además, Easyco también proporciona servicios adicionales para garantizar el cumplimiento de su empresa, que incluyen:

• Nombramiento de representación legal,
• Proporcionar una dirección de oficina registrada
• Manejo de impuestos y contabilidad
• Servicios de nómina sin  complicaciones
• Gestiona la apertura de la cuenta bancaria de tu empresa
• Gestione su registro de marca
• Reclutamiento y contratación Talento

The post Cuenta bancaria corporativa en la República Dominicana appeared first on EasyCo.

I. Understanding the Requirements

Before embarking on the journey of opening a corporate bank account, it’s crucial to familiarize yourself with the specific requirements. Transitioning into a foreign market comes with its unique set of regulations. In the Dominican Republic, these requirements typically include:

1. Legal Entity: Ensure your company is legally registered and recognized in the Dominican Republic.
2. Business Plan: Prepare a comprehensive business plan outlining your company’s operations, goals, and financial projections.
3. Documentation: Gather essential documents such as Articles of Incorporation, tax identification numbers, and valid identification of authorized signatories.

II. Selecting the Right Bank

Choosing the right financial institution is a critical step in the process. Consider the following factors when selecting a bank for your corporate account:

1. Reputation: Opt for a bank with a solid reputation for stability and reliability in the financial sector.
2. Services Offered: Evaluate the range of services the bank offers, including online banking, foreign exchange, and access to credit facilities.
3. Location: Proximity to your business operations can simplify transactions and communication with the bank.

III. Initiating the Application Process

Once you’ve identified the bank of choice, it’s time to initiate the application process. Prepare the following documents and information:

1. Application Form: Complete the bank’s application form accurately and provide all required details.
2. Legal Documents: Submit the necessary legal documents, including your company’s registration certificate and articles of incorporation.
3. Know Your Customer (KYC) Requirements: Be prepared for KYC procedures, which may involve providing information about beneficial owners and the source of funds.

IV. Compliance and Due Diligence

Compliance with the Dominican Republic’s banking regulations is paramount. Banks in the country adhere to strict compliance standards to combat money laundering and other financial crimes. Be prepared for:

1. Due Diligence: Expect thorough due diligence processes by the bank to verify your company’s and its stakeholders’ authenticity.
2. Anti-Money Laundering (AML) Checks: Ensure your business operations and transactions align with AML regulations.

V. Account Activation and Maintenance

After successfully completing the due diligence process, your corporate bank account will be activated. Ensure you:

1. Deposit Funds: Fulfill the initial deposit requirement to activate the account.
2. Maintain Compliance: Continuously adhere to compliance regulations, provide updated documents as required, and stay informed about changes in banking laws.

In conclusion, opening a corporate bank account in the Dominican Republic is a strategic move for businesses looking to expand into the Latin American market. You can navigate this process by understanding the requirements, selecting the right bank, and adhering to compliance standards. Ensure that your company complies with all local laws and regulations to enjoy the benefits of a corporate bank account in this vibrant and growing economy.

Get Assistance from Easyco Experts!

The Dominican Republic is the perfect country for your company formation! To make sure you register your company in the right way, you can get in touch with us, and our team of experts will ensure your business registration process complies with all Dominican laws.

At Easyco, we make company formation in the Dominican Republic easy; our corporate experts have vast experience helping companies and individuals register their business in Brazil, with a proven track record of success across all our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing an easy online company registration experience. Start your company in the Dominican Republic today!

Furthermore, Easyco also provides additional services to guarantee your company’s compliance, which include:

• 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

The post Corporate Bank Account in the Dominican Republic appeared first on EasyCo.

The Dominican Republic is a country known worldwide as a perfect destination for traveling, vacationing, and tourism. However, this Caribbean country is also a great destination for investors and entrepreneurs from around the world.

According to Doing Business, the Dominican Republic is considered a country in the Upper Middle-income category, with a population of 10 million people. Some of the most successful industries in the Dominican Republic are manufacturing, export, real estate, and tourism. All of these businesses are always in growth and support the development of all sectors of the country.

What are the steps to incorporate a business in the Dominican Republic? Would you like to open a company in 2022? At Easyco, we give you a step-by-step guide on how you can successfully register a company in the Dominican Republic.

1. Decide which type of company suits your business needs the best

   To decide which type of company is the best for your business, it is important to keep in mind the number of members or shareholders, the capital available, and the size of the company. These are some of the most popular types of companies in the Dominican Republic:

   • Corporation or Sociedad Anónima (S.A.): A Corporation only requires 2 shareholders for the incorporation and a minimum capital of 1.00 Dominican Peso (DOP).

   • Foreign Branch Office: For bigger international companies, a foreign branch is ideal since it only requires 1 member to act as a Legal Representative.

   • Limited Liability Company or Sociedad de Responsabilidad Limitada (SRL): This is the most common type of company in the Dominican Republic. An SRL requires at least 2 members and there’s a maximum of 50 members allowed.

2. Appoint a Legal Representative and sign the Power of Attorney

   If your shareholders are not present in the Dominican Republic, a Power of Attorney will be required that allows your legal representative to carry out the process locally. This Power of Attorney has to be signed by the corresponding party.

   Also, consider that for foreign shareholders, additional documentation will be required.

   All documentation that comes from abroad must be duly legalized and apostilled (if applicable). These hard-copy documents must be sent to the Dominican Republic. Finally, consider that documentation that is not in Spanish, will require translations to be accepted by the local agencies.

3. Check for the company’s name availability at the Mercantile Registry

   Once you decide on the right structure for your company and appoint a Legal Representative, it’s time to check for the availability of the company’s name at the Mercantile Registry or Registro Mercantil. This government agency has a database that allows searching for similar names to assure the company name chosen is unique and distinguishable.

   The Mercantile Registry is a service offered by the Chamber of Commerce and Production of Santo Domingo. Its goal is to make it easier for companies in the registration process to promote the formalization of businesses.

4. Draft the company’s bylaws

   The bylaws documentation allows for the constitution of the company in the Dominican Republic. This document is going to work as the backbone of the company and rule the way it is managed. Consider that this document has to include:

   • Company name

   • Information about the Legal Representative

   • Information on the share capital

   • Registered office address

   • Management structure

   • Extinction and liquidation detail plans

   All this information needs to be reviewed by a local lawyer and notarized by a public notary in the Dominican Republic.

5. Payment of the incorporation fees

   To submit all the documents to the Commercial Registry, one is required to pay a couple of fees and taxes. This fee must be paid at the Internal Revenue Service Office (Dirección General de Impuestos Internos) and the Banco de Reservas de la República Dominicana.

6. Submit the documents to the Chamber of Commerce

   The payment of the incorporation fees will allow the company to submit the required documents to the Chamber of Commerce for revision and approval.

   This is the list of documents needed:

   • Signed and notarized bylaws

   • General Constitutive Assembly

   • List of shareholders and their contribution to the company

   • Application Form

   • Receipt of payment of the incorporation fees

   • Copy of business name registration

   It is important that a lawyer prepares and reviews all the documents so they can be approved fast and without any problems. Once approved, your company officially exists.

7. Submit the registration documents to the National Taxpayers Registry

   The company also has to be registered as a tax contributor, the government agency in charge of this is the National Taxpayers Registry or Dirección General de Impuestos Internos (DGII). The DGII will assign a taxpayer ID in the way of a unique identification code, called Registro Nacional de Contribuyentes or RNC for the company according to the nature of the business.

   This process can be done online at the DGII platform and then the physical documents and files have to be sent to their offices. The required documents change according to the type of company that is going to be registered.

8. Open a corporate bank account

   Finally, It is important to choose the right bank according to the company’s needs. Each bank offers different types of accounts with many benefits depending on the agreement and goals of the company. It is recommended that the bank offers good pricing structures for international transactions.

   Also, it is important to consider that some banks may have foreign transaction restrictions for companies that have foreign shareholders. It is crucial to take this into account as part of your company establishment strategy, as identifying a bank that has flexible policies will determine when your new company can start its operations.

At Easyco we can help you successfully register your business!

The Dominican Republic is a country full of opportunities and always looking for foreign investments and companies to continue with economic growth. To make sure you register your company in the right way, you can get in touch with us. Our team of experts is going to make sure you comply with all laws and requirements.

At Easyco, we make company formation in the Dominican Republic easy; our team of corporate experts has vast experience helping companies and individuals register their business in the Dominican Republic, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in the Dominican Republic today!

Easyco also provides additional services to guarantee your company’s compliance, which include:

• Appointment of legal representation,

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Opening of Corporate Bank Accounts

• Manage your Trademark Registration

• Corporate Legal Services

• Talent Acquisition

The post How to Register a Company in the Dominican Republic appeared first on EasyCo.

1. Sociedad Anonima (SA) or Corporation

A Sociedad Anonima is a type of corporation that is commonly used for large businesses in the Dominican Republic. This type of company requires a minimum of two shareholders, and its shareholders are only liable for the amount of capital they have contributed. The benefits of an SA include limited liability for shareholders, ease of transferability of shares, and a more formal structure for the company. Requirements for an SA include registering with the Commercial Registry, obtaining a tax identification number, and obtaining a business license.

2. Sociedad de Responsabilidad Limitada (SRL) or Limited Liability Company

A Sociedad de Responsabilidad Limitada is a type of limited liability company that is commonly used for small to medium-sized businesses in the Dominican Republic. This type of company requires a minimum of two partners, and its partners are only liable for the amount of capital they have contributed. The benefits of an SRL include limited liability for partners, flexibility in management structure, and ease of incorporation. Requirements for an SRL include registering with the Commercial Registry, obtaining a tax identification number, and obtaining a business license.

3. Empresario Individual (EI)

An Empresario Individual is a type of sole proprietorship that is commonly used for small businesses in the Dominican Republic. Consequently, this type of company is owned and managed by a single individual, and the owner is personally liable for all debts and obligations of the business. The benefits of an EI include complete control over the business and ease of incorporation. Requirements for an EI include registering with the Commercial Registry, obtaining a tax identification number, and obtaining a business license.

4. Cooperativa

A Cooperativa is a type of cooperative that is commonly used for agricultural and financial businesses in the Dominican Republic. This type of company is owned and operated by its members. They share in the profits and decision-making of the business. The benefits of a Cooperativa include shared risk and decision-making, tax benefits, and access to capital. Requirements for a Cooperativa include registering with the Cooperatives Directorate, obtaining a tax identification number, and obtaining a business license.

5. Sucursal or Foreign Branch Company

A Sucursal is a type of branch office that is commonly used for foreign businesses operating in the Dominican Republic. This type of company is a separate legal entity from its parent company but is still subject to the regulations and requirements of the Dominican Republic. The benefits of a Sucursal include access to the Dominican Republic market, reduced risk, and the ability to expand operations. Requirements for a Sucursal include registering with the Commercial Registry, obtaining a tax identification number, as well as obtaining a business license.

In conclusion, understanding the most common types of companies in the Dominican Republic can be crucial for entrepreneurs looking to start a business or for individuals looking to invest or work with a particular type of company. Each type of company has its own requirements and benefits, and choosing the right type of company can depend on the size of the business, the industry, and the goals of the company. By understanding the differences between each type of company, entrepreneurs and investors can make informed decisions that will help them succeed in the Dominican Republic market.

How to register a company in the Dominican Republic?

1. First. decide which type of company best suits for business needs
2. Appoint a Legal Representative
3. Check the availability of the name at the Mercantile Registry
4. Draft the company’s bylaws
5. Pay the incorporation fees
6. Submit the documents to the Chamber of Commerce
7. Obtain an RNC
8. Finally, open a corporate bank account

Get Assistance from Easyco Experts!

The Dominican Republic is the perfect country for your company formation! To make sure you register your company in the right way, you can get in touch with us, and our team of experts will ensure your business registration process complies with all Dominican laws.

At Easyco, we make company formation in the Dominican Republic easy; our corporate experts have vast experience helping companies and individuals register their business in Brazil, with a proven track record of success across all our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing an easy online company registration experience. Start your company in the Dominican Republic today!

Furthermore, Easyco also provides additional services to guarantee your company’s compliance, which include:

• 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

The post Most Common Types of Companies in the Dominican Republic appeared first on EasyCo.

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

Get Assistance from Easyco Experts!

Do you need an RNC in the Dominican Republic? We can help you! At Easyco, we make company formation in the Dominican Republic easy; our team of corporate experts has vast experience helping companies and individuals register their business in the Dominican Republic, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM and makes business registration easy by providing a hassle-free online company registration experience. Start your company in the Dominican Republic today!

Easyco also provides additional services to guarantee your company’s compliance, which includes:

• 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

The post What is your Tax ID in the Dominican Republic? | RNC appeared first on EasyCo.

Other main industries involve infrastructure, manufacturing, the development of renewable energy, and agriculture.

Below you can find some of the incentives, exemptions, and regulations the government of the Dominican Republic promotes to help the development of the country.

Territorial Tax System

The Dominican Republic follows a Territorial Tax System, which means that it only collects income from Dominican Republic sources, and all income that comes from abroad is exempt from taxes, even if it’s received by individuals or companies that are based in the Dominican Republic.

Tax Incentives

The Dominican Republic has a history of economic growth and stable politics, focused on the industrialization of the country, development, and promotion of foreign investment. This is why the government gives Tax Incentives and Exemptions to businesses that follow certain guidelines. These are some of the incentives that the government promotes to support foreign inversion and the development of the country:

Border Development Incentives

The Dominican Republic is located on two-thirds of an island called ‘La Española’ and the other third of the island is Haiti. Since 2001, the Dominican Republic is promoting the development of the frontier zone with agriculture, tourism, and energy companies in order to generate job positions for people in the area.

Tourism Incentives

The Dominican Republic is an island with amazing touristic attractions that receive visitors from all over the world. Some of the areas and industries of the country are more developed than others, which is why the government offers incentives and tax exemptions to businesses looking into these new opportunities, or interested in further developing already existing ones.

Some of these incentives and exemptions according to the 58-01 Incentive Law are:

• Exemption on Income Tax for 10 years

• Exemption of all national and municipal taxes for 15 years

• Exemption from custom taxes and transfer of import of equipment, industrial goods, and services.

• Exemption of tax on luxury housing

Alternative Energy Incentives

Due to the lack of infrastructure and cost of traditional energy resources in the Dominican Republic, the government works closely with companies that are interested in developing Alternative Energy Resources in the country. Some renewable energy resources are solar power, bio-fuel, bio-diesel, wind, and ethanol, among others.

Free Trade Zones (FTZ) in the Dominican Republic

Free Trade Zones (FTZ) or Special Economic Zones (SEZ) are one of the main ones responsible for the development of the Dominican Republic in the last 40 years. According to the World Bank, “SZEs are geographically bounded areas in which customs, tax, and investment regulations are more liberal than in the rest of the country”.

As of 2016, FTZs were responsible for around 140,000 direct jobs, for both men are women, and in a big variety of types of jobs from low-skilled, to higher, more educated-skill workers.

Some of the main activities taking place in FTZ are:

• Services

• Medical Instruments

• Textiles

• Tobacco

• Agroindustry

Register a Company in the Dominican Republic!

These are the steps you need to follow to register a company in the Dominican Republic. If you want to learn more about the company incorporation process, you can read our article here!

1. Choose the right type of company: This depends on how many shareholders are going to participate, as well as the initial capital. The most common types of companies in the Dominican Republic are:

   • Corporation or ‘Sociedad Anónima’ (SA)

   • Foreign Branch Office

   • Limited Liability Company or ‘Sociedad de Responsabilidad Limitada’ (SRL)

2. Appoint a Legal Representative and sign the Power of Attorney

3. Check for the company’s name availability at the Mercantile Registry

4. Draft the company’s bylaws

5. Pay the incorporation fees

6. Submit the documentation to the Chamber of Commerce

7. Submit the registration documents to the National Taxpayers Registry

8. Open a Corporate Bank Account

Get Assistance from Easyco Experts!

The Dominican Republic is a very attractive country for business and investment purposes and attracts people from all over the world. At Easyco, we can help you register your company in the Dominican Republic and enjoy all the benefits!

Easyco also provides additional services to guarantee your company’s compliance, which includes:

• 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

The post What are the Tax Benefits in the Dominican Republic? appeared first on EasyCo.