Economy and Investment
The Dominican Republic has the largest economy in Central America and the Caribbean, and is known for its positive attitude towards foreign investments. According to the World Bank, the Dominican Republic was ranked as the country that has received the largest foreign direct investment (FDI) in the Caribbean. The flow of FDI to the Dominican Republic grew by 59% driven by increased investments in electricity, manufacturing and mining. Investment also increased in the manufacturing sector of free trade zones, in tourism and in real estate.
The Dominican Republic is located in the center of America, close to the main markets. As such, it has signed trade agreements that provide privileged market access to and from the United States, Europe, Central America and the Caribbean.
Why invest in the Dominican Republic?
Good business climate: According to the World Bank report, the Dominican Republic is well positioned for doing business in the territory.
Broad Economy.
Improved infrastructure
Political and macroeconomic stability.
Equal treatment for foreign investors and local investors.
Skilled labor.
Banking and insurance systems.
Free entry and exit of capital.
Strategic geographic location.
Source: http://cei-rd.gob.do/en/investment/invest-in-the-dr/
Technical assistance to the investor, including business and legal advice and support throughout the entire investment process, guaranteeing speed, efficiency and optimization of available resources. Some of these services include:
Protocol attention service upon arrival in the country.
Transportation logistics services and assistance with specific requirements from investors.
Work sessions with each investor in order to identify their demands.
Coordination of meetings with the main Ministries, according to the needs of the investor, always accompanied by an executive from the Export and Investment Center of the Dominican Republic (CEI-RD).
Introduction to the Single Investment Window (VUI-RD).
Preparation of presentations, proposals and reports on attracting New Businesses, in synergy with the areas of Market Intelligence and Single Investment Window (VUI-RD)
Coordination of promotional activities at the national and international level with the objective of encouraging foreign investment in the Dominican Republic.
Source: http://cei-rd.gob.do/es/inversion/gerencia-de-atraccion-ied-new-business/
Investment sectors in the Dominican Republic
Agriculture.
Goods and roots.
Renewable energy.
Mining.
Tourism.
Telecommunications.
Infrastructure.
Industry.
Source: http://cei-rd.gob.do/en/investment/invest-in-the-dr
Steps to Incorporate a Company
Register the Commercial Name at the National Industrial Property Office (ONAPI).
Register the Legal Documents in the Local Chamber of Commerce and Production.
Request the National Taxpayer Registry (RNC).
For Companies that Carry out Industrial Processes, they must also obtain other registrations, such as: Industrial Registration granted by Pro-Industria, Sanitary Registration granted by the Ministry of Public Health and Social Assistance and Environmental Permit granted by the Ministry of Environment and Natural Resources.
Types of Commercial Companies
Companies in Collective Name.
Limited Partnerships.
Companies Limited by Shares.
Limited Liability Companies (“S.R.L.”).
Public Limited Companies (S.A.).
Simplified Public Limited Companies (“S.A.S.”).
Benefits for investors
To encourage investment in the tourism sector, the Dominican government granted foreign investors the right to import, if necessary to build a project, its development or expansion, with foreign investor capital with tax exemption for no more than ten years. from the initial date of operation of the investment project.
Importation of merchandise without customs duties or value added tax.
Complete industrial park services for industrial use.
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