Valsen Corporate

Dominican Republic Limited Liability Company (LLC/SRL)

The Sociedad de Responsabilidad Limitada or S.R.L. is the most common and efficient form of organizing a company in the Dominican Republic. The company shall have a corporate name, consisting in a trade name subject to prior registration and shall be preceded or followed by the words Sociedad de Responsabilidad Limitada or the initials S.R.L. The administration of the company shall be in charge of one or more managers. It is not necessary that the manager be resident in the Dominican Republic, but it is recommended that at least one manager or administrator be appointed for purposes of complying with the day to day obligations.
Dominican Republic Limited Liability Company (LLC/SRL) 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 (RD$100,000)
  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 Limited Liability Company (LLC/SRL) Legal requirements

Dominican Republic LLC

Corporate Details

General
  • Type of Entity

LLC
  • Registered Office in Dominican Republic

Yes

Share capital or equivalent
  • Standard currency

RD
  • Permitted currencies

Any
  • Minimum paid up

RD$100,000

Directors
  • Minimum number

One
  • 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 Limited Liability Company (LLC/SRL) Tax Treatment
Corporate Taxes of 27%
Dominican Republic Limited Liability Company (LLC/SRL) Duration for set up
Around 4 Weeks
Dominican Republic Limited Liability Company (LLC/SRL) distinctive Benefits

  1. The Dominican Republic Limited Liability Companies or S.R.L.’s are a useful means for local business and international trade and they offer the following characteristics and advantages:
  2. Limited Liability: The partners do not respond personally for the company debts but only up to the limit of the contributed capital;
  3. There is the possibility of attracting capital through the issuing of new company shares or quotas.
  4. Commercial Activities: These companies may effectuate any type of activities that are legal in trade, such as investments or the purchase or sale of products and services, entering into contracts, issuing invoices and executing corporate documents.

The Valsen Advantage

  1. End to end comprehensive service
  2. Speedy and efficient service
  3. Expert advice on structuring options
  4. Dedicated ongoing compliance support
  5. Extensive network pool of service providers