Company Transformation Service

In the Dominican Republic, transforming, changing, or adapting a Commercial Company must comply with certain requirements depending on the new corporate type to which the company is converting.

When a company transformation is carried out, the company is not dissolved, nor are its rights and obligations altered; however, its corporate contract or articles of incorporation are modified.

At Contadores Dominicanos, we have a team of professionals specialized in corporate matters who are ready to fully support your company.

What is a company transformation?

Article 440 of the Law states that a transformation occurs when a regularly constituted commercial company adopts a new corporate form.

Additionally, the Law specifies that transformation cannot modify the partners’ shares in the company’s capital.

Requirements to Transform a Company in the Dominican Republic:

Incorporation documents.
Original and updated Commercial Registration.
Registration with the National Tax Registry (RNC).
Copies of identification documents of the company’s partners, members, or shareholders.
Capital Tax Payment (if necessary).
Minutes of the Extraordinary General Meeting approving the transformation.
Modified and adapted Articles of Incorporation for the new corporate type.
Special balance sheet no older than three months before the Extraordinary General Meeting approving the transformation.
Auditor’s Report (if the company has an Auditor).
Publication in a national newspaper of an extract of the most important stipulations of the transformation project, published at least 15 days before the Extraordinary General Meeting approving the transformation.

How long does a company transformation take?

The approximate time required for the transformation of a company’s corporate form is 25 to 30 working days.

Our services include:

Drafting the Minutes of the Extraordinary General Meeting approving the transformation and the Modified Articles of Incorporation adapted to the new corporate type.
Preparation of the Special Balance Sheet and Auditor’s Report.
Managing the publication of an Extract of the Transformation Project in a National Circulation Newspaper.
Filing the transformation documents with the General Directorate of Taxes (DGII).
Advisory on the company transformation process.