Learn about the steps, requirements, documents, procedures, and licenses necessary to create an Internet service provider company in the Dominican Republic. From choosing the type of entity to legal and regulatory procedures, we will provide you with a complete guide to establish your business in this market.
How to create a telecommunications company? In this article, we’ll tell you.
Choosing the type of entity
When creating an internet service provider company in the Dominican Republic, it is essential to make an important decision: selecting the type of entity that best suits your business and needs.
Here are some available options:
- Public Limited Company (PLC): This type of entity is a common option for larger companies, as it allows for the issuance of shares and the participation of multiple shareholders.
- Limited Liability Company (LLC): The LLC is a popular choice for small and medium-sized enterprises, as it limits the liability of partners and offers a more flexible structure.
- Foreign Branch: If your company already exists in another country and you want to operate in the Dominican Republic, you can establish a foreign branch in the country.
The choice of entity type will depend on various factors, such as the size and structure of your company, as well as legal and tax implications.
Requirements to create an internet service provider company
These requirements are essential to complete the company registration process and obtain authorization to operate legally in the country.
- Registration of the company name at the National Office of Industrial Property (ONAPI).
- Payment receipt for company establishment tax.
- Company statutes.
- Copies of the identity card of the legal representative.
- Declaration of company activities.
- Among other documents required by the Chamber of Commerce and Production of Santo Domingo.
Requirements and necessary documents
To carry out the registration and incorporation process of an internet service provider company in the Dominican Republic, it is essential to have the following requirements and documents:
- Copy of the identity card.
- Company statutes.
- Activity declaration.
- Registration of the company name at ONAPI.
- Payment receipt for company establishment tax.
Necessary licenses
Once the registration and incorporation process of the internet service provider company in the Dominican Republic is completed, it is essential to obtain the necessary licenses to operate legally in the country. These licenses ensure compliance with regulations and legal requirements in the telecommunications sector.
The licenses may include authorization for the provision of telecommunications services and the allocation of radio frequencies, among others. It is essential to consult with the relevant authorities to obtain accurate information about specific licenses and the procedures to follow.
Legal and regulatory procedures
Some of the procedures to consider are:
- Registration in specific records: The company may need to register in certain specific records related to the telecommunications sector.
- Submission of periodic reports: As an internet service provider, the company may need to submit periodic reports on its activity and compliance with regulations.
- Compliance with privacy and data protection requirements: It is important to ensure that the company complies with the requirements established regarding privacy and data protection.
There are certain requirements for which you may need professional assistance when creating an internet service provider company. At CONTADORES DOMINICANOS, we can help you create your company or corporation.
