Business entities in DR

hjocelyn

New member
Feb 21, 2007
29
0
0
www.puntacanalife.com
What type of Business Entities are available in DR?
-Asides from a corporation,
?Sociedad An?nima? (S.A.) or ?Compa??a por Acciones? (C. por A.)

I set up a ?Sociedad An?nima? (S.A.) with our lawyers in DR when we purchased our home, but I would be interested in setting up my business separate from this- a small business.

Is is possible to do a Limited Liability Company or Limited Liability Partnership?
I really don't see why I should spend all this money again, on filing the Corp. status.
Our law office seems to be set on setting everything up this way.

Is there a government website I can look into for more concrete information?
Thanks!
 

Fabio J. Guzman

DR1 Expert
Jan 1, 2002
2,359
252
83
www.drlawyer.com
There are no LLC's in the Dominican Republic. Limited Liability Partnerships ("Comanditas") are very cumbersome and offer no tax or expense advantage over a regular corp.

See my Overview of Dominican Corporations listed above as a Sticky Post.