Opening a sole proprietor business in DR

GuestPoster669 · 2019-10-29T20:48:44+01:00

Learn how to open a sole proprietor business in the Dominican Republic without a lawyer. Share tips on procedures and government fees here.

GuestPoster669 Guest

GuestPoster669Guest29 October 2019 18:48:44

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

Thank you so much for that information.聽聽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

17464

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.聽 One can hold 1 share only.