Business: So there are SA and SxA, is there an "Inc." too?

[rubio_higuey]

Johnsantodomingo, I sent you a PM, can you please get back to me

[johnsantodomingo]

I send you a PM. I have heard from different lawyers that a new law is being discussed in congress where it will be possible to set up a SA with just one shareholdeer. I think that will help a lot for foreing investment and help companies not getting into the pocket of dishonest lawyers.

[Fabio J. Guzman]

A foreign for-profit company with Inc. in its name may operate in the Dominican Republic after it's "domiciled" in the Dominican Republic.

All Dominican entities with Inc. in their names are non-profit organizations.

[johnsantodomingo]

What does domiciled exactly mean? Is it domiciled after being registred in the Registro Mercantil and at the Impuesto Interno?

[GringoCArlos]

Yes that is what "domiciled" means. Another advantage of using a foreign corporation which is domiciled in the DR is that the DR government cannot "look under the sheets" at anything the company has which is not in the DR, without a long, drawn-out process in the home country of the foreign corporation. It's none of their business, as long as the company is doing legal business, and no bureaucrat can play games or make problems this way.