Dominican Republic

Ease of Doing Business in

Dominican Republic

This page summarizes Doing Business 2014 data for Dominican Republic. The first table lists the overall "Ease of Doing Business" rank (out of 189 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Latin America & Caribbean
Income Category Upper middle income
Population 10,276,621
GNI Per Capita (US$) 5,470
City covered Santo Domingo
Doing Business 2014 Rank Doing Business 2013 Rank*** Change in Rank
117 112 down -5

Doing Business 2014 DTF** (% points) Doing Business 2013 DTF** (% points) Change in DTF** (% points)
61.05 60.97 down 0.08
 

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 2014 Rank 144 DB 2013 Rank*** 138 Change in Rank down-6
DB 2014 DTF** (% points) 81.01 DB 2013 DTF** (% points) 80.73 Change in DTF** (% points) up0.28

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).

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Procedures (number)
7 9 5

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)
18.5 36.1 11.1

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)
17.3 33.1 3.6

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.

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Paid-in Min. Capital (% of income per capita)
46.0 3.6 10.4
No. Procedure Time to Complete Associated Costs
1 Check company name and purchase it on-line Less than one day (online procedure) DOP 4,755
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 no charge
* 3 Payment of 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) on-line 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 (simultaneous with previous procedure) DOP 250
* 7 Register employees at the Social Security Office (Consejo Nacional de Seguridad Social, CNSS) 1 day (simultaneous with previous procedure) no charge
* Takes place simultaneously with another procedure.

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the topics including Getting Electricity across all economies included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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

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