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How to Start a Business in the Dominican Republic: Legal and Accounting Aspects

Steps to Start a Business in the Dominican Republic

  • Register your business name with ONAPI
  • Register the legal documents with the appropriate Chamber of Commerce and Production.
  • Register with the General Directorate of Internal Taxes (DGII) to obtain your tax registration number and comply with tax obligations.

fintax como iniciar un negocio en República Dominicana
Fintax how to start a business in the Dominican Republic

Do you want to start your own business in the Dominican Republic?

We explain how to do it, from registering your company’s name to fulfilling tax obligations. Learn how to establish a solid foundation for your venture and avoid legal obstacles.

Do you have your business idea defined but don’t know where to start? We clearly and easily explain the steps you need to consider to start a business in the Dominican Republic.

Choose a name for your business and check its availability at the National Office of Industrial Property (ONAPI).

If the name is available, you can register it. Prepare your application for commercial name registration, providing the required information, such as the applicant’s details, a detailed description of the commercial name, and the associated products or services.

Register your business at the Chamber of Commerce of the province where you will establish the company.

For this, you will need to prepare the required documentation. Commonly requested documents include the application form, social contract, and personal identification of the partners, among others.

Other documents: Depending on your type of business and the specific requirements of the Chamber of Commerce, it may be necessary to present other documents, such as a notarized power of attorney, and a copy of the previous commercial registry (if applicable), among others.

Aledi R Valerio Serrata-circulo
Aleidi R.
Valerio Serrata

Contact Information:

Experience

Aleidi has over 10 years of experience in the administrative field and 5 years in financial transactions (due diligence, valuations, mergers, acquisitions, and others).

Education

She holds a Bachelor’s degree in Business Administration from the Autonomous University of Santo Domingo (UASD) and is an active member of the Dominican Association of Human Management Administrators (ADOARH). She has an Executive MBA in SME Creation and Development from Formato Educativo Business School / University of Cádiz, and a Diploma in Competency-Based Human Management from UNICDA. She is currently pursuing an Executive Master in Human Resources (for the digital era) at Latam Business School, S.A. de C.V.

Knowledge

She has participated in various sectors:

Fuel, Alcoholic beverages, Tourism, Education, Aviation, Telecommunications, Industrial equipment, Gambling, NGOs, Stock market
 

Work Performance

Aleidi is responsible for the recruitment and selection processes. She is knowledgeable about the Labor Code and Social Security Law. She has conducted job evaluations, created job descriptions, performed assessments, and managed other human resource processes. She ensures Corporate Social Responsibility and promotes labor inclusion.

Karina Paniagua
Santana

Contact Information:

Experience

Karina has over 7 years of experience in accounting, finance, and statutory compliance.

Education

She holds a Bachelor’s degree in Accounting from the Autonomous University of Santo Domingo (UASD).

She has participated in intensive Diplomas and Workshops on the treatment of related-party transactions (Transfer Pricing), Anti-Money Laundering and Counter-Terrorism Financing, Income Tax, Tax on the Transfer of Industrialized Goods and Services, International Financial Reporting Standards (IFRS), and Corporate Tax Accounting.

Tax Expertise

She has led accounting and tax compliance projects in companies across sectors such as services, construction, alcoholic beverages, tourism, education, NGOs, and the stock market. Additionally, she has worked on merchandise inventory executions, due diligence, and other related financial processes.

Ramon Amaurys
Ramón Amaurys
Hernández De la Cruz

Contact Information:

Experience

Ramón has over 8 years of experience as a financial advisor and external auditor.

Education

He holds a Bachelor’s degree in Accounting from the Autonomous University of Santo Domingo (UASD). He is a Certified Public Accountant (CPA) and a member of the Institute of Certified Public Accountants of the Dominican Republic (ICPARD). Currently, he is completing a Master’s degree in Internal Auditing at UASD. He has also completed diplomas in International Auditing Standards (NIAS).

Knowledge and Work Performance

He has led audits for companies in sectors such as fuel, services, construction, alcoholic beverages, tourism, education, aviation, telecommunications, industrial equipment, gambling, NGOs, and the stock market. Additionally, he has worked on merchandise inventory executions, due diligence, and other related financial processes.