Why invest in the Dominican Republic

DR flag

The Dominican Republic strategic location situated in the heart of the Caribbean, converts it as a convenient point of access to markets in the global business. It gives the country the potential of becoming a hub for trade and investment as well as a logistical centre for the large trans-Atlantic ships.

The country has a highly developed system of industrial free zones, efficient networks for shipping and distribution channels and one of the most advanced telecommunications systems in Latin America. It has an efficient transportation network, enabling expeditious and reliable cargo shipment and travel, excellent road systems, nine international airports (with over 70 flights daily to and from the United States and Europe), several domestic terminals in important trade locations and twelve modern shipping ports, including the Multimodal Caucedo Port, which is BASC certified.

The Dominican Republic offers a high standard of living. It should be mention, as a key factor in the investment industry development, that the country is highly competitive in terms of costs, experienced and qualified human resources, economical and political stability, open market access with the benefits of Free Trade Agreements with United States, European Union and the CARIFORUM countries. Also, the Dominican Republic offers special tax and import duty treatment, which present a broad variety of incentive and benefits in order to develop opportunities for business in the country.

In a nutshell:
• Stable economic and political environment
• FDI Friendly environment – Open Market
• Sound legal framework for foreign investment
• One (1) of Six (6) to hold Trade Treaty with EC and USA Five (5) Trade Treaties (DR-CAFTA,EPA, ALC RD –CARICOM, ALC –RD Central America, AAP – RD PANAMA)
• Competitive, qualified/Trainable labor force
• Modern transportation infrastructure
• Advanced and reliable telecommunication infrastructure
• Supporting Industries & services, Competitive costs for doing business
• Near Shore location
• Quality Life Standards
• Flexible Rules of Origin

Dominican Republic Sector Strengths

The Dominican Republic offers facilities, incentives and a wide variety of alternatives for investment. Today, major investment opportunities are in areas such as:

SERVICES – Tourism, Contact Centers, BPO\KPO, Software Development, Film Industry

BIOTECHNOLOGY - Research & Development, Health Products, Pharmaceutical

MINING & INFRASTRUCTURE – Mining, Electricity, Telecommunications, Renewable Energy, Ports & Airports, Highways, Roads

MANUFACTURING- Medical Devices, Auto parts, Electronic & Electric Components, Computer Electronics, Plastics Industry

AGRIBUSINESS - New Technologies, Agroindustrial Products, Controlled Environment Production Systems

Setting up your business in Dominican Republic

CEI-RD

Establishing a Company in Dominican Republic

In an effort to reform the corporate law in the Dominican Republic, a new law was enacted on 11 December 2008, the General Law on Business Associations and Limited Liability Proprietorships, number 479-08 ("Law 479-08 or the "Law") as an urgent need for driving Dominican corporate practices within a global economy ever more open and competitive. Law 479-08 overturns and substitutes Title III of the Code of Commerce of the Dominican Republic, regarding companies, Articles 18 to 64, and introduces many modifications to Dominican corporate law.

As a general rule, a company is created when two (2) or more physical or artificial persons commit assets in order to carry out acts of commerce and/or to operate a commercial activity, participating in the earnings and losses. The approximately time to incorporate a new company in the Dominican Republic is 60 days maximum.

2013 Sponsors Latin American Investment Forum 2013