From the final implementation of the law 479-08 and 31-11 on corporations and limited liability companies owned by one person, the old corporations or joint stock companies have been disabled.

This means for any company formed before the new regulations, that it has to be transformed or adapted to new regulations to be able to perform acts of commerce.

The new law provides 8 different types of commercial companies:

• Limited liability companies (SRL)


• Limited liability companies with sole owner (EIRL)


• Corporations or Company by Shares (SA)


• Simple Joint-Stock Corporations (SAS)


• Ordinary Limited Partnerships


• Private Limited Partnerships


• Associations Limited by Shares


• Partnerships under Civil Code

As most of companies of our clients will not apply in the Dominican stock market or are simply guardians of property (Holding) without operations, the transformation to a limited liability company (SRL) or limited liability individual enterprise (EIRL) is recommended.

The limited liability company withe sole owner (EIRL) is characterized by the following:

• One Owner


• One or several managers


• Any capital is possible but must be fully paid


• Legal personality different from the owner and therefore


• Limited liability of the owner to the social capital

If you have a company since or before 2009 and want to upgrade or perform any operation as a purchase or sale of goods or Real-Estate, register assemblies etc., please contact for advice!