How do I get access to my corporation documents?

Be careful if you decide to hire a lawyer in the Sosua/PP area to help you. There is a limited supply of honest lawyers there. Guzman has a office in LT and Sosua but will be expensive. There are two that I would recommend. Let me know if you would like their contact info. I have property and business interests in both areas and would be happy to give you their names.

Actually, as a company with no income, you should pay a tax of 1% of the assets. If there are no assets, then there would be no taxes. If you buy your home in the company name, you will have to pay the tax on the assets - the value of the home.

The issue is not the taxes it's that no declarations were made. Not a big deal and not expensive to rectify.

Second you need to renew your registrar mercantil.  Not a big deal. You file an " annual general meeting".  Not a big deal.  All of this costs something but not a huge amount of money! 

On Monday I can find out for you what this costs!  I will message you privately.

I just renewed my business licence, which was expired from the previous owner.  It was $1,700 RD for the balance of the 2 year period, which I believe included a penalty for it having lapsed.  I'm not sure if there are different prices for different sizes of businesses?

That's different then a corporation honey.

I incorporated a S.R.L in 2013 which I never run. It remained idle up to now. I never used an accountant.  In  2019 I decided to go to the DGII. I just paid a tiny penalty for not having filed any tax return document (+/- 1,500 RD$, if do remember).

I never renewed the registro mercantil.

Needs renewing every  2 years.  Dgii is another entity.  Filing annual returns or  filing non activity is DGII.  Registrar mercantil and  other corp documents are not DGII its Camera de Comercio

Yes, I know that.

Canbrit wrote:

Back in July he told us: "In Dominican Republic when you have a corporation you have to make tax declaration yearly even when there is not activity on it.

I am sharing my experience of leaving a company idle for some years like Canbrit did. If nothing has been done since 2017, she will have to face the DGII issue too. Not a big deal indeed.

Canbrit wrote:

The lawyer in Las Terrenas says he can do research to get the paperwork for us but of course it comes with a large retainer fee.
Is there any other way around this?

Wondering how she can empower an attorney without coming down to the DR as she needs to sign the power that must be notarized ?

Gotcha!

The lawyer can walk her through this. This isn't unusual with clients being offshore.

planner wrote:

Gotcha!

Not yet 

You are waaay too mysterious ! "The lawyer can walk her through this" ... letting her sign a PDF, is that what you mean ?

I mean the lawyers know how to do this legally.   I do not at all suggest I know how that should happen. 

International transactions happen all the time.

I live n Texas and have a corporation for an old land development.  I sold and financed it a few years ago and the new owner never filed the paperwork required each year with the Sec. of State's office, even though there was no profits.  The State suspended the corporation and I later foreclosed and got the property back, but it was a mess to get the corporation reinstated.  That is probably what happened.

I can imagine how messy that would be!

Are you sure your new lawyer is the right lawyer as well? I would expect the new lawyer to reach out to the old lawyer for this rather than wanting large retainer fee to research...

Large retainer fee for this is ridiculous!

Thank you so much!  I appreciate your assistance!