What are the documents required to establish a company in Dominican Republic?
To establish a company in the Dominican Republic, you must prepare the following documents:
1. Company Name and Registration Application: You must determine the name of your company and apply for registration. It is important that the company name is unique.
2. Company Agreement: You need to prepare the company agreement, which is the founding document of the company. The contract should include details such as the purpose of the company, the rights and responsibilities of the partners, the amount of capital and their shares.
3. Partnership Document: Identity documents and passport photocopies of the partners who will establish the company are required.
4. Board of Directors Decisions: Decisions taken by the company's board of directors should be recorded in the decision book.
5. Company Headquarters Document: A document stating where the company's headquarters is is required.
6. Tax Number Application: In order for the company to officially start its operations, you must apply to the Tax Office and obtain a tax number.
7. Trade Registry: The company must be registered in the trade registry. You can register by applying to the Trade Registry Office.
8. Social Security Application: You must apply to the Social Security Institution to pay the social security premiums of the company's employees.
9. Workplace License: You must obtain a business license from the local municipality for the workplace where the company will operate.
10. Opening a Bank Account: You must open a business account for the company in a commercial bank. Banks usually request the company's founding documents. Once these documents are prepared and the application process is completed, your company will be officially established. However, the documents mentioned in this list are a general guide and may vary in each case. Therefore, it is important to consult a lawyer or professional counsel.
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