Valsen Corporate

Dominican Republic Simplified Limited Company

The Dominican Republic SAS is a hybrid business entity used by entrepreneurs willing to raise capital in the country as regulations over the issuance of new shares are less restrictive than those applying on limited liability companies. A SAS requires at least 1 director and 2 shareholders who can either be individuals or legal entities. The director and shareholders can be of any nationality and can be resident in any country. An authorized share capital of US$6,800 (DOP300, 000) is also required, 10% of which must be paid-in at Dominican Republic business setup.
Dominican Republic simplified limited company (SAS) 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 (DOP 300, 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 simplified limited company (SAS) Legal requirements

Dominican Republic SLC

Corporate Details

General
  • Type of Entity

SLC
  • Registered Office in Dominican Republic

Yes

Share capital or equivalent
  • Standard currency

DOP
  • Permitted currencies

Any
  • Minimum paid up

DOP 300, 000

Directors
  • Minimum number

One
  • Corporate directorship allowed

Yes

Shareholders
  • Minimum number

Two
  • Corporate shareholder allowed

Yes

Accounts
  • Requirements to prepare

Yes
  • Audit requirements

No
  • Requirements to file accounts

No

Dominican Republic simplified limited company (SAS) Tax Treatment
Corporate Taxes of 27%
Dominican Republic simplified limited company (SAS) Duration for set up
Around 4 Weeks
Dominican Republic simplified limited company (SAS) Distinctive Benefits

  • The Dominican Republic simplified limited company (SAS) are a useful means for local business and international trade and they offer the following characteristics and advantages:
  • Limited Liability: The partners do not respond personally for the company debts but only up to the limit of the contributed capital;
  • There is the possibility of attracting capital through the issuing of new company shares or quotas.
  • Limited liability for members
  • Own choice of company name
  • Access to capital growth
  • Creating a market for the company’s shares

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