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CONTADORES DOMINICANOS
Our services for the suspension of commercial activities or temporary cessation of companies are governed by the provisions established in the General Law on Commercial Companies and Limited Liability Individual Companies.
At Contadores Dominicanos, we have a highly qualified team of professionals in corporate and commercial law, enabling us to provide timely advice and guidance for all procedures related to the suspension and temporary cessation of companies in the Dominican Republic.
Our Service for the Suspension of Commercial Activities or Temporary Cessation of companies is characterized by our legal, commercial, and tax advisory services for the suspension and temporary cessation of any of the following types of commercial companies:
According to the General Directorate of Internal Taxes (DGII), the temporary cessation of operations or cessation of commercial activities occurs when a company decides to suspend its commercial activities for a specified period, which cannot be less than one year nor more than three years. The company’s legal personality remains valid during this suspension.
The cessation of a company’s operations must be authorized by the general assembly of shareholders or partners and must be notified in writing to the DGII. During this suspension, the company must comply with the annual informational declaration and pay the asset tax.
The following documentation must be submitted at the Taxpayer Assistance Center at the central headquarters or the Local Administration:
Legal Entities:
Individuals:
Our team of professionals is ready to help you.
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