Structuring
Structuring Innovation: Insights from Jean Marco Pou Fernández
In the dynamic landscape of Dominican innovation, few figures stand out like Jean Marco Pou Fernández. As a seasoned attorney, entrepreneur, and former President de la EuroCámara de Comercio de la República Dominicana, Pou offers invaluable insights into structuring startups for success in capital, scale, and international credibility. His expertise bridges law, business, and diplomacy, making him an essential voice in shaping the future of entrepreneurship in the Dominican Republic.
Pou emphasizes the critical role of corporate governance in providing investors with peace of mind. While local laws allow for flexible structures like LLCs and S.A.S., he advocates for going beyond the minimum by implementing shareholder agreements, advisory boards, and maintaining transparent records. These practices signal to investors that a startup is serious about securing outside capital.
Despite having the legal framework to support venture deals, Pou identifies gaps in the Dominican market, such as the absence of standardized instruments like SAFEs or convertible notes, unclear regulations on stock options, and slow IP enforcement. These challenges make the Dominican Republic less attractive compared to other markets, but they are not insurmountable.
For founders looking to expand cross-border, Pou advises that structure is strategy. Many maintain an SRL in the Dominican Republic while raising capital through Delaware or EU holdings. This approach provides legal familiarity for investors while allowing local operations to thrive. For Dominican-born ventures expanding abroad, adapting to each jurisdiction while keeping their base compliant is crucial.
Pou highlights three policy shifts that could accelerate innovation: a Startup Act simplifying incorporation and offering early tax incentives; clear crowdfunding and fintech regulation to open new financing channels; and legal recognition of employee equity plans to compete for talent. These changes would build on existing company law, making the Dominican Republic a more attractive ecosystem for global capital.
Pou also sees potential in a Digital Nomad Visa, which could connect nomads to the local ecosystem, facilitating knowledge transfer beyond mere tourism. He believes that the future belongs to those who prioritize transparency and scalability over clinging to old hierarchies.
In Pou’s vision, the Dominican Republic is poised to become a global voice for excellence in innovation. His insights offer a roadmap for founders, investors, and policymakers eager to navigate the evolving landscape of entrepreneurship. As the balance of power shifts, it is clear that credibility is migrating from traditional boardrooms to forward-thinking founders shaping tomorrow’s economy.
Original Article Source: Digital Nomad Weekly