There are different types of companies in the Dominican Republic, and in this article, we will tell you all about their classification, considering various criteria.
Types of companies according to their economic activity: The country’s economy is driven by micro, small, and medium-sized enterprises in the Dominican Republic. However, each company has characteristics that distinguish it from others. Therefore, it is essential to understand the classification of the types of companies that exist in the Dominican Republic, as well as the different types and how to differentiate them.
Categories of companies in the Dominican Republic:
- By size.
- By capital origin.
- By legal form.
- By activity.
If you need help to create your company in the Dominican Republic, at Contadores Dominicanos, we have the best professionals who can assist you with everything you need. This way, you can fully focus your efforts on your business.
Classification of companies by size in the Dominican Republic:
| Size | Characteristics |
| Microenterprise | If it has up to 10 employees; or annual gross sales of up to eight million Dominican pesos (RD$8,000,000.00). |
| Small enterprise | If it has between 11 and 50 employees; or annual gross sales between eight million and one peso Dominican pesos (RD$8,000,001.00) and fifty-four million Dominican pesos (RD$54,000,000.00). |
| Medium enterprise | If it has between 51 and 150 employees; and annual gross sales between fifty-four million Dominican pesos (RD$54,000,000.00) and two hundred two million Dominican pesos (RD$202,000,000.00). |
| Large enterprise | These are companies with 151 or more employees; or annual gross sales of more than two hundred two million Dominican pesos (RD$202,000,000.00). |
Micro, small, and medium enterprises in the Dominican Republic are an important part of the Dominican economy and are also considered SMEs (PYMES).
Companies by capital origin:
| Type of company | Capital origin |
| Private company | Both the investment and the capital come from private individuals. |
| Public company | The capital and investment belong to the State and can be national, regional, or municipal companies. |
| Mixed company | The capital is shared between the State and private individuals. |
Classification of companies in the Dominican Republic by legal form:
- Limited Liability Company (SRL).
- Individual Limited Liability Company (EIRL).
- Simplified Stock Corporation (SAS).
- Stock Corporation (SA).
- General Partnership.
- Simple Limited Partnership.
- Limited Partnership by Shares.
Companies by economic activity:
According to the activity or economic sector of the company, the following classification can be found:
| Economic activity | Characteristics |
| Primary sector companies | They are dedicated to the exploitation of natural resources: agriculture, livestock, or mining companies belong here. |
| Secondary sector companies | They are dedicated to the transformation and production of raw materials: activities such as metallurgy, energy, food. |
| Tertiary sector companies | In this sector, we find commercial and service companies. They are dedicated to selling products or services: for example, telephone companies or tourism service companies. |
| Quaternary sector companies | These are companies involved in information technology, innovation, development, and research. |
If you own or are a partner in a Dominican company, you probably found the type of company to which you belong.
Or, if you are looking to start a company, you likely already have an idea of how to get started. Selling your products or services to the Dominican State is a great option you can explore.
The Dominican State encourages SMEs to actively participate in this type of public procurement.
What to do to become a State Supplier?
Article 8 of Law 340-06 on Public Procurement and Contracting states that individuals or legal entities, as well as private companies in the Dominican Republic, interested in participating in any contract must be registered in the corresponding registry.
The requirements to become a State Supplier in the Dominican Republic are:
- Possess the State Supplier Registry (RPE).
- Be up to date with tax obligations.
- Financial statements of the last fiscal period: certified by a certified public accountant.
- Sworn statement from the applicant declaring they are not affected by the prohibitions established in Article 14 of Law 340-06.
- Sworn statement declaring no legal proceedings against the Dominican State.
Now that you know how many types of companies there are in the Dominican Republic, you may be interested in learning about the different types of commercial corporations that exist in the Dominican Republic.
