Dominican Company Management

October 30, 2015 By Corporate, Business & Tax

Dominican Companies may be represented by one or more representatives, whether compensated or not, who do not have to be partners. The representatives may delegate part or all of their duties, if the by-laws so allow, but are liable to the company for the actions of the persons to whom they delegate those.

The administrators or managers are in charge of managing the corporate business and they will represent the entity, except when the law or the company by laws establish the representation powers to any of them or through any other method of representation for acting before third parties.

The designation and ceasing of duties of the administrators, managers or representatives of a business entity will only be binding to third parties, after the corporate minutes that approved the decision is duly registered in the Business Register within the thirty (30) days that follow the adoption of the decision.

Do you want more information about our company management advisory services in Dominican Republic? Contact Us.

ABOUT THE AUTHOR: Felipe Castillo is a Partner leading the Foreign Investment, Real Estate & Tourism areas at Arthur & Castillo Advisers and Consultants in the Dominican Republic. He specializes in foreign investment, real estate and international business (Master in International Business, Entrepreneurship and Finance Studies from Georgetown University in Washington, D.C. & Masters in International E- Business in Universitat Pompeu Fabra in Barcelona) with more than 20 years of experience in Foreign Investment, Free Trade Zones, International Business and Cross Border Real Estate practice. He is a Certified Business Bankruptcy Expert and English and Spanish Interpreter.

Email: fcastillo@aclaw.com

Disclaimer: This publication is not intended to provide advice or suggest a guaranteed outcome as individual situations will differ and the situation may have changed since publication. For specific advice on the information provided and related topics, please contact the author.

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