Company Creation Service...feedback

You can find excellent information right here:

Do-it-yourself-incorporation

i made my company with a lawyer, been completely hassle free.
myself i had during that process nothing else to do than to sign the needed papers during the process.
to constitute a new S.A. run's actually for around 25.000.- pesos, that's a bit over 700.- US, and you can be sure to have the right thing and in your own name.
i would take a reputable lawyer, i.e. the Guzman lawfirm which contributes here on the bord.
those offers of getting a new company in a short time period/24 hrs or such, i don't know, i just don't trust that much in such.
to get a company signed over in your name within just a few days means that company been existent, you buy a existing company, so who knows what papers been signed prior to the purchase in the name of that company for which you will be resonsible from the purchase on? and you would depend also on the share holders who signed for the constitution of that company, such would all be persons who you do not know in person.
i can not tell bad experience about such 24H companies selling agencies, i just do not trust such.
constituting a new company in your name, named the way you like it named, takes usually less than 4 months when done the proper way.
i would not recommend to do it yourself unless you are perfect in spanish, but with a reputable lawyer such is no big act.
Mike

The only things you can get in 24 hours or less in the DR is drunk, laid, married, pregnant, etc.

For government paperwork and the like, they will charge you within 24 hours sure, and pomise you anything to make you pay but they will invariably deliver at their leisure.

I waited many months to get my companies set up, I've set up 4 with as many lawyers.

Be patient, thats the only way.

MrMike,
to set up a company the proper way takes several months,
most of that time passes by for the regulation that your wished company name needs to be published for 3 months so others could complain that you use a too similar name or such.
Mike

$1.000.- cheaper???
now we are talking very different rates.
my own company which i am running now, under it's actual name aso, been constituted a bit less than 5 years ago, i paid at all, including the lawyers fee(i use that lady since many years even before she did that company job for me) 15.000.- pesos.
even that i can not name a 100% accurate rate for today, it sure should not exceed $1.000.- total, for all, including the lawyer's fee.
so here for sure a 1K$$$ difference could not occure.
Mike

You cannot talk about incorporation fees without taking into account what the authorized capital of the corporation is going to be since expenses vary depending on the amount of authorized capital.

To compare fees you should ask for a quote based on a set authorized capital: for example, 100,000 or 1,000,000 pesos.

MikeFisher said:

MrMike,
to set up a company the proper way takes several months,
most of that time passes by for the regulation that your wished company name needs to be published for 3 months so others could complain that you use a too similar name or such.
Mike

Click to expand...

Right now, you can get certificate of name from ONAPI in 3 business days, from application start to receiving the certificate. You can do this process online at ONAPI: Portada or via Cuenta de Usuario You don't need a lawyer or anybody for it, the form is extremely easy, and you just need a credit card too pay the fees. If you do it via crea tu empresa website, ONAPI takes care even for publishing your name as required by law.

The most time is spent on the step between Name certificate and Registro mercantil, this is where all the papers have to be prepared, signed, notarzied, etc. Once completed, Registro Mercantil is a 1-business day thing. Then you can apply for RNC on DGII's website, 3 business days maximum to get it that way.

So, you CAN do it in less than 2 weeks, and even less, if you can do the "middle - step paperwork" done quickly.

I have done all incorporation process myself. It's easy but you may want to use the lawyer for preparing corporate documents. I would just use lawyer to do the "middle step" paperwork. Prepare the paperwork (Acta de Asamblea, Estatutos Sociales, Compulsa Notarial, Lista de Subsriptores, Nomina). You can do everything else yourself online from home, without stepping outside - ONAPI nombre comercial, Registro Mercantil, and DGII. I wouldn't pay more than 10K pesos MAX for the paperwork step.

thanks Rubio,
now that you write again about it i remember that we had such on your complete thread about setting up a company. i just did not have it in mind again with the now shorter name step. even better, and i agree, that way lawyers fees should be cheaper than i paid years ago instead of more expensive.
Mike