How can a Dominican company be created and how long does the incorporation process take?
A Dominican company may be created with a minimum number of seven shareholders, but shareholders participating to fulfil the statutory minimum may have a symbolic participation of one share in the company’s capital. The incorporation process -including the drafting and execution of the articles of incorporation and other incorporation documents, the registration of the company name, and the compliance with the publication and filing formalities- takes between 3 to 4 weeks. For urgent cases Pellerano & Herrera offers its clients the possibility of purchasing already existing companies. If you are interested in buying or purchasing a company in the Dominican Republic.
