The Dominican Republic public limited company requires at least 2 shareholder who can either be individuals or corporate bodies to be incorporated. An SA must also appoint at least 3 directors who may be individuals or legal entities and can be of any nationality and must not be resident in Dominican Republic. A SA requires an authorized share capital of US$68,000 (DOP3 million), 10% of which must be paid in at incorporation; the shares of the company can be transferred freely to third parties. However, the Dominican Republic PLC is always required to appoint a statutory auditor.

 Dominican Republic public limited company Key Features

  1. The company must have at least two (2) partners. Each partner must have at least one share or quota.
  2. The Corporate Capital shall be a minimum of (DOP3 million)
  3. The administration of the company shall be in charge of one or more managers.
  4. The partners will meet in an Annual Ordinary Meeting one time (1) per year within the one hundred and twenty (120) days after the closing of the financial year.
  5. The Extraordinary Meetings are those that deal with the amendment of the Corporate By-Laws and when the law or the By Laws so require.

Dominican Republic public limited company Legal requirements

Dominican Republic PLC

Corporate Details

General

  • Type of Entity

PLC

  • Registered Office in Dominican Republic

Yes

Share capital or equivalent

  • Standard currency

DOp

  • Permitted currencies

Any

  • Minimum paid up

DOP 3 million

Directors

  • Minimum number

Three

  • Corporate directorship allowed

Yes

Shareholders

  • Minimum number

One

  • Corporate shareholder allowed

Yes

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

No

  • Requirements to file accounts

No

Dominican Republic public limited company Tax Treatment

Corporate Taxes of 27%

Dominican Republic public limited company Duration for set up

Around 4 Weeks

Dominican Republic public limited company distinctive Benefits

  • Offer securities for sale to the public
  • Limited liability for members
  • Dominican Republic public limited company may have own choice of company name
  • Dominican Republic public limited company has a higher access to capital growth
  • Dominican Republic public limited company has a higher probability for creating a market for the company’s shares

 The Valsen Advantage

  1. End to end comprehensive service
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Dominican Republic Offering