How to incorporate a company in the Dominican Republic
Starting a busines outside the home country is a challenge, specially because we don’t know exactly how their businesses culture is and how their laws really work.
Dominican Republic is a wonderful and beautiful country that has also become a destination for digital entrepreneurs to become their business headquarters, but also entrepreneurs must understand how to incorporate a company there.
Keep reading some tips that you might have in consideration if you want to start a business in Dominican Republic.
Why start a business in Dominican Republic?
According to the Doing Business portal, Dominican Republic is a country that has a ranking of 112 on starting a business. The most proficient rankings are shown in the areas of dealing with construction permits, registering property and trading across borders.
It has become one of the main destinations for digital entrepreneurs, because Dominican Republic has outsanding landscapes and great weather to be living in.
As there is a change in how businesses are done digitally, digital entrepreneurs are aiming for countries like Dominican Republic where cost of life is lower than their home countries and where they can combine both their passions and professional experiences.
But as digital entrepreneurs aim to legally constitute their organizations, it is common to ask how to incorporate a company in Dominican Republic.
Fortunately, for the legal paperwork there are already an entrepreneurial ecosystem with an accounting firm in Santo Domingo that is supporting digital entrepreneurs to start their new venture in Dominican Republic.