Foreign company franchises in the Dominican Republic must meet certain requirements to operate legally in the country.
Dominican law outlines the requirements for registering a foreign company in Article 11 of the General Law of Commercial Companies and Individual Limited Liability Companies, highlighting the importance of franchises in the Dominican Republic.
Below are the steps and necessary documents for the registration, modification, and renewal of these companies, considering the cost of franchises in the Dominican Republic.
Registration Requirements for a Foreign Company
To register a foreign company in the Dominican Republic, the following requirements must be met:
- Registration in the Country of Origin: The company must be legally constituted and in operation in its country of origin.
- Commercial Address in the Dominican Republic: Establish a physical address for the franchise in the country.
Documentation for the Registration of Foreign Companies
The necessary documentation for registration includes:
Certified Copies of the Following Documents:
- Act of incorporation of the company and its bylaws, duly legalized by the Dominican consulate in the country of origin.
- Latest audited financial statements.
- Notarized power of attorney granted to the legal representative in the Dominican Republic.
Requirements and Documentation for Modification or Renewal of Foreign Companies
For the modification or renewal of the registration of a foreign company, the following is required:
- Renewal of the Certificate of Commercial Registration.
- Presentation of updated financial statements.
- Documentation accrediting any changes in the corporate structure or legal representation.
It is important to note that these requirements and documents may be subject to changes. Therefore, it is advisable to seek specialized advice in Dominican corporate law to obtain the most updated and accurate information.
At CONTADORES DOMINICANOS, we are ready to provide the necessary advice. We have extensive experience in corporate and commercial law and a deep understanding of profitable franchises in the Dominican Republic.
