Opening a sole proprietor business in DR

Post new topic

GuestPoster669Guest29 October 2019 18:48:44

214245

Does anyone know the procedure for opening a sole prop business yourself (not through a lawyer) as I see it is only approximately USD10 for the govt fee and no doubt the lawyer will be a lot more!

DONJOEL Member

Member since 29 October 2019

DONJOELMember29 October 2019 19:00:22

The cost varies. First you have to go to ONAPI and register the name it should cost about $100.00. Then you have to pay taxes to the Government but all in all you should not spend over $400 to register your company. But there are documents that will require a lawyer or a notary to prepare documents for you in spanish.

GuestPoster669 Guest

GuestPoster669Guest29 October 2019 19:06:04

214245

Thank you so much for that information. I think I will rather just use a lawyer to handle it all to make life simpler

DONJOEL Member

Member since 29 October 2019

DONJOELMember29 October 2019 19:16:58

Depending on the firm you will pay between $600-$3000 USD depending on the firm.

planner Dominican Republic Expert

Member since 27 December 2010

Dominican Republic Expert

plannerDominican Republic Expert29 October 2019 20:18:57

17114

If you have a cedula you can register and just get yourself a tax number if that is all you need.

Most use and SRL which requires two sharehders to open. One can hold 1 share only.

Articles to help you in your expat project in Dominican Republic

Working in the Dominican Republic
If you are looking for a job in the Dominican Republic (DR), here are some tips and suggestions. Job hunting can ...
Setting up a business in the Dominican Republic
The Dominican Republic has indeed been attracting foreign investment over the past few decades, with notable ...
Working in Puerto Plata
When looking for a job in San Felipe de Puerto Plata, also known as Puerto Plata, one of the first things to do ...
Working in Santiago de los Caballeros
Do you wish to settle in Santiago de los Caballeros? Here is how to proceed to find a job in this major Dominican ...
Working in San Pedro de Macoris
If you are looking for a job in San Pedro de Macoris, here are some tips on its economy and labor market to guide ...
Working in San Francisco de Macoris
Are you looking for a job in San Francisco de Macoris? Here is an overview of its economy and labor market to ...
Working in La Vega
How to find a job if you have decided to move to La Vega in the Dominican Republic? Find out in this article.
Working in Las Terrenas
Are you looking forward to settling in Las Terrenas? Here are some tips to help you find a job in this major ...