Countries › Dominican Republic › Guide › 15. Exiting › Dissolving and liquidating an S.R.L., S.A. or S.A.S.

Dissolving and liquidating an S.R.L., S.A. or S.A.S.

Last verified: 2026-10-30 · Status: Stable

An extraordinary meeting dissolves the company and names a liquidator, and from that day the name carries the words Sociedad en Liquidación. The liquidator publishes within a month, sells the assets, pays creditors and returns what is left to the owners, with a mandate of up to three years. In Santo Domingo the chamber charges RD$5,000 plus RD$500 per document to record a liquidation, including pending renewals.

USD figures use the Banco Central de la República Dominicana reference selling rate of RD$60.9007 per US dollar for 29 October 2026, the latest row in its published rate file on the verification date, rounded to the cent.

Key facts

Loss trigger for dissolution	Equity below half of capital textLey 479-08 art. 137, 139, 299, 301, as of 2026-10-30 · in force
S.A. dissolution, attendance at the extraordinary meeting	At least two thirds of subscribed and paid voting capital textLey 479-08 art. 299 a, as of 2026-10-30 · in force
Liquidator publication after appointment	1 monthLey 479-08 art. 413, as of 2026-10-30 · in force
Liquidator mandate before renewal	3 yearsLey 479-08 art. 429, as of 2026-10-30 · in force
Liquidation fee, Santo Domingo chamber	5000 plus 500 per document DOPFee schedule in force from 1 December 2022, as of 2026-10-30 · in force

The rule

1. An S.R.L. can be dissolved by expiry of its term, by an extraordinary meeting with the majority needed to change the statutes, by end or impossibility of its object, by three straight years without activity, by losses taking book equity below half of capital unless capital is raised or cut enough, or by a cause in the statutes.Ley 479-08, General de las Sociedades Comerciales y Empresas Individuales de Responsabilidad Limitada, as amended by Ley 31-11, art. 137, 2011-02-08 official text · verified 2026-10-30

2. An S.A. can be dissolved by an extraordinary meeting attended by at least two thirds of subscribed and paid voting capital, by expiry of term, by manifest impossibility of its object, by losses taking equity below half of subscribed and paid capital unless capital is cut or raised, by falling below minimum capital, by total merger or spin off, by having fewer than two shareholders for a year, or by a cause in the statutes.Ley 479-08, General de las Sociedades Comerciales y Empresas Individuales de Responsabilidad Limitada, as amended by Ley 31-11, art. 298 and art. 299, 2011-02-08 official text · verified 2026-10-30

3. An S.A.S. dissolves on the same terms as an S.A. and liquidates under arts. 408 to 439. It may also be dissolved after two straight fiscal years of disuse, and any interested party can sue for that. Holding shares, holding real estate rights or practising a profession does not count as disuse.Ley 479-08, General de las Sociedades Comerciales y Empresas Individuales de Responsabilidad Limitada, as amended by Ley 31-11, art. 369-10 and paragraph, 2011-02-08 official text · verified 2026-10-30

4. If losses take equity below half of capital, an S.R.L.'s partners must decide on dissolution within four months after approving those accounts. By the end of the second following year it must cut capital by the losses that reserves do not cover, or dissolve if equity has not recovered to half of capital. An S.A. board has the same four months to call the meeting and the same second year rule. A court can give up to six months to cure.Ley 479-08, General de las Sociedades Comerciales y Empresas Individuales de Responsabilidad Limitada, as amended by Ley 31-11, art. 139; art. 301, 2011-02-08 official text · verified 2026-10-30

5. Once dissolved the company is in liquidation, adds Sociedad en Liquidación to its name and keeps legal personality only for the liquidation. Dissolution binds third parties from registration in the Registro Mercantil. For S.A. shareholders it runs from the meeting or final judgment.Ley 479-08, General de las Sociedades Comerciales y Empresas Individuales de Responsabilidad Limitada, as amended by Ley 31-11, art. 409 and art. 303, 2011-02-08 official text · verified 2026-10-30

6. Dissolution does not by itself end the company's contracts. If a contract cannot be performed as agreed, the first instance judge can authorize its assignment to a party that gives enough guarantees.Ley 479-08, General de las Sociedades Comerciales y Empresas Individuales de Responsabilidad Limitada, as amended by Ley 31-11, art. 409-1, 2011-02-08 official text · verified 2026-10-30

7. Administrators lose power to sign new contracts, and liquidators take over management and representation. Former administrators must help if asked.Ley 479-08, General de las Sociedades Comerciales y Empresas Individuales de Responsabilidad Limitada, as amended by Ley 31-11, art. 410, 2011-02-08 official text · verified 2026-10-30

8. Liquidators are named by the partners under the statutes or with extraordinary meeting quorum and majority. Failing that, a court order names one at the request of any interested party, and that order can be opposed within 15 days of publication.Ley 479-08, General de las Sociedades Comerciales y Empresas Individuales de Responsabilidad Limitada, as amended by Ley 31-11, art. 426 and art. 427, 2011-02-08 official text · verified 2026-10-30

9. The liquidator signs an opening inventory and balance sheet with the administrators, keeps the books, finishes pending business, sells assets, collects claims, and pays creditors and partners.Ley 479-08, General de las Sociedades Comerciales y Empresas Individuales de Responsabilidad Limitada, as amended by Ley 31-11, art. 412, 2011-02-08 official text · verified 2026-10-30

10. The liquidator files the dissolution and appointment documents at the Registro Mercantil, and within one month of appointment publishes an extract in a national newspaper.Ley 479-08, General de las Sociedades Comerciales y Empresas Individuales de Responsabilidad Limitada, as amended by Ley 31-11, art. 413, 2011-02-08 official text · verified 2026-10-30

11. The mandate cannot exceed three years, but the partners or the court can renew it. Within six months of appointment the liquidator calls a meeting to report on assets, liabilities and time needed, extendable to twelve months by the court.Ley 479-08, General de las Sociedades Comerciales y Empresas Individuales de Responsabilidad Limitada, as amended by Ley 31-11, art. 429 and art. 431, 2011-02-08 official text · verified 2026-10-30

12. Within three months of each year end the liquidator prepares accounts and a written report, and calls a meeting at least once a year within six months of year end, unless a judge waives it.Ley 479-08, General de las Sociedades Comerciales y Empresas Individuales de Responsabilidad Limitada, as amended by Ley 31-11, art. 433, 2011-02-08 official text · verified 2026-10-30

13. Unless all partners agree, selling assets to a partner, manager, administrator or comisario needs the interim relief judge's approval. Selling to the liquidator, staff or close relatives is banned. A global sale or contribution of the assets needs the majority for changing the statutes and follows merger rules.Ley 479-08, General de las Sociedades Comerciales y Empresas Individuales de Responsabilidad Limitada, as amended by Ley 31-11, art. 414, art. 415 and art. 416, 2011-02-08 official text · verified 2026-10-30

14. The liquidator calls the partners to approve the final account, discharge the liquidator and record closure. If they cannot or will not, a court decides. Accounts go to the Registro Mercantil and a closure notice is published in a national newspaper.Ley 479-08, General de las Sociedades Comerciales y Empresas Individuales de Responsabilidad Limitada, as amended by Ley 31-11, art. 417, art. 418 and art. 419, 2011-02-08 official text · verified 2026-10-30

15. After nominal capital is repaid, the rest is split in proportion to holdings unless the statutes differ. The decision to distribute is published within a month of the liquidator's accounts and sent to holders of registered securities.Ley 479-08, General de las Sociedades Comerciales y Empresas Individuales de Responsabilidad Limitada, as amended by Ley 31-11, art. 437 and art. 438, 2011-02-08 official text · verified 2026-10-30

16. A company in the securities market submits the minutes to the regulator within three days and before registration, and its liquidation file follows merger filing rules.Ley 479-08, General de las Sociedades Comerciales y Empresas Individuales de Responsabilidad Limitada, as amended by Ley 31-11, art. 302 and art. 439, 2011-02-08 official text · verified 2026-10-30

17. Liquidation without transformation costs RD$5,000 plus RD$500 per document registered, and includes all pending renewals.
Cost to do it: RD$5,000 (about US$82.10) plus RD$500 (about US$8.21) per document, in Santo Domingo.Cámara de Comercio y Producción de Santo Domingo, fee schedule, Servicios especiales, 2022-12-01 official text · verified 2026-10-30

18. For an S.R.L. the chamber asks for the notice of meeting if not all partners attended, attendance list and minutes naming the liquidator, ending the administrators and approving dissolution, liquidator report, comisario report if any, the published notice certified by the editor, and the minutes approving the reports and the liquidation. The guarantee letter is optional there. Each corporate document carries a RD$50 Colegio de Abogados contribution.
Cost to do it: RD$50 (about US$0.82) per document, Ley 3-19 art. 66.Cámara de Comercio y Producción de Santo Domingo, S.R.L. requirements, section D, Disolución y liquidación, 2026-10-30 official text · verified 2026-10-30

19. The S.A. and S.A.S. list follows the same pattern for those company types.Cámara de Comercio y Producción de Santo Domingo, S.A. and S.A.S. requirements, Cierre registral, 2026-10-30 official text · verified 2026-10-30

Worked example

A dormant S.R.L. with five documents to record in Santo Domingo pays RD$5,000 (about US$82.10) plus 5 times RD$500, so RD$7,500 (about US$123.15), plus RD$250 (about US$4.11) of Colegio de Abogados contributions. Newspaper notices and professional fees are extra and are set by the market.

Step by step

Week 1: board or manager proposal and notice of the extraordinary meeting.
Meeting: approve dissolution, name the liquidator, end the administrators' mandate.
Within a month: file at the Registro Mercantil and publish the extract.
Prepare the opening inventory and balance sheet, then collect claims and sell assets.
Pay staff and creditors, then taxes, and file the final return.
Final meeting: approve accounts and discharge, file them, publish the closure notice.
Close at DGII and TSS, then report to the investment registry.

Common traps

A company with no activity for three years (S.R.L.) or two fiscal years (S.A.S.) can be dissolved at the suit of others, so an unused company is not safely parked.
The chamber treats the guarantee letter as optional, but DGII requires a guarantee for its own closure. See the DGII page.
If only some partners want to leave, a share sale or capital reduction will usually be cheaper than a full liquidation.
Ley 68-19 changed only art. 91 of Ley 479-08, so the DGII compilation used here still shows the current dissolution text, but its art. 91 is stale.

Sources

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