How Establish And Operate With A Foreign Company

Author:Mr Rodolfo Mesa Chaavez
Profession:Mesa & Mesa Abogados
 
FREE EXCERPT

Foreign companies can provide services in the territory of the Dominican Republic, as long as they comply with national regulations. Among the main requirements is the registration of the foreign company with the Mercantile Registry.

The 3-02 Act on Commercial Registration establishes as a mandatory requirement the obtaining of a Mercantile Registry for any company that habitually engages in commercial activity in the national territory, this includes foreign companies. In addition, the text imposes sanctions on commercial companies that professionally engage in business without being registered in the Mercantile Registry.

The conditions for a foreign company to provide services in the Dominican Republic are summarized in the fulfillment of the following requirements:

  1. .- Commercial Registry. The commercial registry constitutes a public database of all the companies and entities that carry out commercial activities in a certain territorial demarcation, this registry is issued by the Chamber of Commerce an of the city where the main offices of the foreign company are located .

The requirements for commercial registration are as follows:

The constitutive documents of your country of origin, duly legalized by Apostille. Updated list of shareholders duly legalized by Apostille. Assembly of the commercial entity approving business operations in the Dominican Republic, registration of the company and the establishment of domicile in the Dominican Republic. Copy of the passports of the members of the board of directors. Address in the Dominican Republic, where the foreign company will be located. The estimated time is 10 working days.

b.-) National Taxpayer Registry (RNC). It forms the database of all companies and entities subject to the payment of taxes in the Dominican Republic. The indicated registration is granted by the General Directorate of Internal Revenues (DGII) - Tax Department. Through this registration companies are authorized to issue invoices with validity in national territory.

To obtain the RNC it is necessary to have previously obtained the Mercantile Registry. The applicant must submit a copy of the documents of incorporation, as well as copies of the passports of the members of the Board of Directors. The estimated time of obtaining is 10 working days.

c.-) Establishment of Domicile in National Territory. It constitutes a special authorization issued by the Executive Branch, through which the foreign company is licensed to establish itself...

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