DR Individual Limited Company

The Dominican Individual Limited Liability Company or EIRL belongs to an individual and is an entity provided with its own legal personality, with capacity to be owner of rights and obligations, which form an independent and separate patrimony from all the other assets of the individual owner of such enterprise. It may conduct all types of operations of civil and commercial nature, rendering of services, industrial and commercial activities.

The corporate name may be formed freely. It must be preceded or followed immediately and legibly with the words “Empresa Individual De Reponsabilidad Limitada” or the initials E.I.R.L. Lacking this last indications, the owner will be jointly and severally liable before third parties.

The manager of the Dominican Limited Company must be an individual. The owner may designate a manager or assume the functions of the same, if it were possible. The manager is generally empowered to act on behalf of the enterprise, save for the restrictions determined in the incorporation act; he may not delegate his functions except such incorporation act authorizes the same and he may always confer powers for the judicial representation of the enterprise.


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ABOUT THE AUTHOR: Dr. Felipe Isa Castillo is a Partner leading the Foreign Investment, Real Estate & Tourism areas at Arthur & Castillo Law Firm and Attorneys in the Dominican Republic. He specializes in foreign investment, real estate and international business (International Legal Studies LLM in Georgetown University Law Center 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. Dr. Castillo is a Certified Bankruptcy Conciliator and Liquidator and Legal Interpreter.

Email: fcastillo@aclaw.com

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

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