Page 1 of 5 123 ... LastLast
Results 1 to 10 of 43

Thread: Looking to open a business in Santo Domingo

  1. #1
    Regular
    Join Date
    Aug 2017
    Posts
    16
    Post Thanks / Like

    Question Looking to open a business in Santo Domingo

    Hello all,

    I am a US citizen who looking to open a business in Santo Domingo and looking for advice on licensing, how to recruit employees, taxes, visas, etc. Here are some preliminary points to get out of the way:

    1.Yes I speak fluent Spanish
    2. Yes I have been to DR
    3. Yes it will be a profitable business once I get settled in and have my marketing in order (cosmetic industry related catering to international clients, mostly from US)
    4. I want to run it myself for the first few months until I have a secure reliable staff
    5. I want it to be legit

    Can anyone offer advice or head me in the right direction?

    Thank you!

  2. #2
    Regular
    Join Date
    Sep 2013
    Posts
    484
    Post Thanks / Like

    Default

    I run a company here and it makes money and only employs Dominicans. It can be done. I wish I knew at the start all that I now know about how to do it, so it's great that you are taking advice. I am in Europe at the moment but I'd be happy to meet with you when I get back in early September and chat through some key points of advice. I can also help you with recruitment as I worked in recruitment for over 20 years. PM me if you're interested.

    What type of business are you setting up?

  3. Likes Africaida liked this post
  4. #3
    Regular
    Join Date
    Aug 2017
    Posts
    16
    Post Thanks / Like

    Default

    Hello Paul,

    Thank you for responding! Unfortunately the system doesn't allow me to PM, I am guessing because I am a newbie. Are you able to PM me? Or do you have another method of communication?

  5. #4
    Platinum
    Join Date
    Jul 2004
    Posts
    24,683
    Post Thanks / Like

    Default

    Do you have legal residence in the DR?

    One area I have never been clear on is this. In order to "work" legally in the DR, you have to be a legal resident.

    However, in order to own and run a business, do you need to have legal residence in the DR if you are the sole proprietor?

    I am sure others could clarify that. Legal or not without residency, doing business without a cedula, which means you have legal residency, could be a challenge. Getting an RNC number for the business might also be a challenge.

    https://www.jpmorgan.com/tss/General.../1424621856282

  6. Likes cobraboy liked this post
  7. #5
    Bronze
    Join Date
    Jun 2011
    Posts
    1,390
    Post Thanks / Like

    Default

    Quote Originally Posted by camillej View Post
    Hello all,

    I am a US citizen who looking to open a business in Santo Domingo and looking for advice on licensing, how to recruit employees, taxes, visas, etc. Here are some preliminary points to get out of the way:

    1.Yes I speak fluent Spanish
    2. Yes I have been to DR
    3. Yes it will be a profitable business once I get settled in and have my marketing in order (cosmetic industry related catering to international clients, mostly from US)
    4. I want to run it myself for the first few months until I have a secure reliable staff
    5. I want it to be legit

    Can anyone offer advice or head me in the right direction?

    Thank you!


    You will have to start with your residency. You have to go to the nearest consulate and collect a bunch of required documents.
    There are topics on that matter. Good luck!

  8. #6
    Platinum
    Join Date
    Jul 2004
    Posts
    29,092
    Post Thanks / Like

    Default

    Quote Originally Posted by windeguy View Post
    Do you have legal residence in the DR?

    One area I have never been clear on is this. In order to "work" legally in the DR, you have to be a legal resident.

    However, in order to own and run a business, do you need to have legal residence in the DR if you are the sole proprietor?

    I am sure others could clarify that. Legal or not without residency, doing business without a cedula, which means you have legal residency, could be a challenge. Getting an RNC number for the business might also be a challenge.

    https://www.jpmorgan.com/tss/General.../1424621856282
    One can legally invest or own a business in the DR, however one must have residency to work in it.

  9. #7
    Moderator - Central Forum
    Join Date
    Jan 2006
    Posts
    5,224
    Post Thanks / Like

    Default

    Quote Originally Posted by camillej View Post
    Unfortunately the system doesn't allow me to PM, I am guessing because I am a newbie.
    After you get 10 posts you should be able to PM.
    Moderator

    The Clown Bin / Central

  10. Likes Bronxboy liked this post
  11. #8
    Platinum
    Join Date
    Jul 2004
    Posts
    24,683
    Post Thanks / Like

    Default

    Quote Originally Posted by cobraboy View Post
    One can legally invest or own a business in the DR, however one must have residency to work in it.
    And as a sole proprietor that would mean working in the business would not be legal without residency, which must be started in the OP's home country.

  12. Likes cobraboy liked this post
  13. #9
    Platinum
    Join Date
    Jan 2009
    Posts
    16,978
    Post Thanks / Like

    Default

    I often wonder how many of the businesses we see an use are actually registered.

    The local laundry, the shoe fixer....all the metal working shops
    It's a loooong list

  14. Dislikes harry myrtle beach disliked this post
  15. #10
    Platinum
    Join Date
    Jul 2004
    Posts
    29,092
    Post Thanks / Like

    Default

    Quote Originally Posted by william webster View Post
    I often wonder how many of the businesses we see an use are actually registered.

    The local laundry, the shoe fixer....all the metal working shops
    It's a loooong list
    I'm sure a double standard exists, locals vs. foreigners.

    But those who work in those shops are Dominican.

  16. Likes jd426 liked this post
Page 1 of 5 123 ... LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •