Dominican Republic

Ease of Doing Business in

Dominican Republic

This page summarizes Doing Business 2015 data for Dominican Republic. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.

Economy Overview

 
Region Latin America & Caribbean
Income Category Upper middle income
Population 10,403,761
GNI Per Capita (US$) 5,620
City covered Santo Domingo
Doing Business 2015 Rank Doing Business 2014 Rank*** Change in Rank
84 84 0

Doing Business 2015 DTF** (% points) Doing Business 2014 DTF** (% points) Change in DTF** (% points)
63.43 62.33 down 1.10
Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2015 Rank 113 DB 2014 Rank*** 105 Change in Rank down-8
DB 2015 DTF** (% points) 81.60 DB 2014 DTF** (% points) 81.37 Change in DTF** (% points) up0.23

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Dominican Republic Latin America & Caribbean OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology
Procedures (number)
7.0 8.3 4.8

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
19.5 30.1 9.2

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
16.9 31.1 3.4

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology
Paid-in min. capital (% of income per capita)
43.0 3.2 8.8
No. Procedure Time to Complete Associated Costs
1 Check company name and purchase it online Less than one day (online procedure) DOP 4755
2 Arrange for the publication of the company name in the monthly publication of the National Office of Industrial Property (Oficina Nacional de la Propriedad Industrial) 10 days included in procedure 1
* 3 Payment of the incorporation tax 1 day (simultaneous with previous procedure) 1% of the capital
4 Register the company in the Chamber of Commerce and obtain the identification number (RNC) online 5 days DOP 10,800
5 File for the National Taxpayers Registry at the Internal Revenue Service (DGII) and apply for fiscal receipts 2 days no charge
6 Register local employees with the Department of Labor 2 days DOP 500
* 7 Register employees at the Social Security Office (Tesorería de la Seguridad Social) 1 day (simultaneous with previous procedure) no charge
* Takes place simultaneously with another procedure.

**The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

***Last year's rankings are adjusted. They are based on 10 topics and reflect data corrections.

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