^This^ The informal market in the DR is absolutely huge.Most sole proprietors here just start the business and worry about any bureaucracy later. There are very few restrictions. If you have no employees it's even easier.
Ah ok I understand. So perhaps it's best to start the business, see how things go and then do the registering etc later? I just wondered if having a local shop, it would be questioned as to whether I have 'officially' registered. Thanks, fellow brit here too.Most sole proprietors here just start the business and worry about any bureaucracy later. There are very few restrictions. If you have no employees it's even easier.
Ah ok thank you I understand. Maybe that's best initially to test the waters^This^ The informal market in the DR is absolutely huge.
Yes. Cross those bridges when you come to them.Ah ok I understand. So perhaps it's best to start the business, see how things go and then do the registering etc later? I just wondered if having a local shop, it would be questioned as to whether I have 'officially' registered. Thanks, fellow brit here too.
maybe you should give some sort of idea what type of business you want to open It is relevant for taxesMay I ask the process of setting up business as a sole proprietor here in the DR?
I'm wanting to open a small local premises with just myself working and therefore no employees.
Is there lots of bureaucracy?.. and anyone any helpful advice on this?
Thanks
Perhaps the OP chooses not to share a novel business idea with their closest 76,910 friends on DR1?maybe you should give some sort of idea what type of business you want to open It is relevant for taxes
It might be questioned, then you just say you didn't know it was necessary and register it. However, just to cover myself, I don't know where in the country you are, so I am only talking about my experience where I and others I know live.Ah ok I understand. So perhaps it's best to start the business, see how things go and then do the registering etc later? I just wondered if having a local shop, it would be questioned as to whether I have 'officially' registered. Thanks, fellow brit here too.
Beauty services business, which I believe isn't subject to the sales tax which helpsmaybe you should give some sort of idea what type of business you want to open It is relevant for taxes
There is definitely a shortage of salons, here is a layup, import hair extensions wholesale, thank me later!Beauty services business, which I believe isn't subject to the sales tax which helps
Lived in the DR for 3 years so I know it's saturated, but yes extensions is in the plan. I'm a Blonding and Colour specialist. Thanks for the adviceThere is definitely a shortage of salons, here is a layup, import hair extensions wholesale, thank me later!
There is definitely a shortage of salons, here is a layup, import hair extensions wholesale, thank me later!
this is correct more or lessBeauty services business, which I believe isn't subject to the sales tax which helps
I wish you luck. That market is brutal.Lived in the DR for 3 years so I know it's saturated, but yes extensions is in the plan. I'm a Blonding and Colour specialist. Thanks for the advice