Corporate Types

Type Minimum Partners Maximum Partners Board of Directors of the Company Authorized Capital (minimum) Authorized Capital (Subscribed on the minimum)/th>
Physical person Don’t Have Don’t Have Does not apply Does not apply Does not apply
Individual Limited Liability Company (ILLC) Solo Owner Don’t Have Manager Any capital contributed Does not need
Anonymous Society (AS) 2 No limits Board of directors RD $30,000,000.00 10% of the Authorized Minimum Capital
Anonymous Simplified Corporation (ASC) 2 No limit’s Board of directors RD $3,000,000.00 RD $300,000.00
Limited Liability Company (LLC) 2 50 Board of Directors RD $100,000.00 Don’t Need
Society in the collective name 2 No limit’s Manager Fixed by statutes or contract society Don’t Need
Limited partnership 2 No Limit’s Manager Fixed by statutes or contract society Don’t Need
Limited partnership by shares 1 general partner and 3 limited partners No Limit’s Manager(s) Fixed by statutes or contract society Don’t Need
Foreign Society 1 No Limit’s Manager, Directors or establishes its legislation of origin Fixed by your partnership agreement or any document of your home legislation According to legislation of origin