Business & Economy

According to the latest report of the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), the Dominican economy is the fastest growing economy in the Latin American and Caribbean region (LAC) and the eighth largest economy in Latin America. It is also the main foreign direct investment (FDI) destination in the region, offering a favorable legal framework and unique fiscal incentives available for many sectors, such as tourism, real estate, infrastructure, agribusiness, services, and manufacturing.

Commerce

The Dominican Republic reported 11,218.60 million dollars in exports during 2019; mining, textiles, agricultural and livestock products, industrial and free zones predominate in this market.

Investment

The Foreign Investment Law identifies three types of investment: Foreign Direct Investment (FDI), Foreign Reinvestment and New Foreign Investment.
FDI consists of the contribution made by individuals or legal entities residing abroad to the capital of a company that operates within the Dominican Republic.

Trade agreements

The Foreign Investment Law identifies three types of investment: Foreign Direct Investment (FDI), Foreign ReinvesaThe Directorate of Foreign Trade and Trade Treaties Administration (DICOEX), safeguards compliance with the regulations on foreign trade; Its objective is to promote and facilitate the commercial flow between the Dominican Republic and the countries with which they share free trade agreements. Similarly, DICOEX mitigates other legislative issues such as intellectual property, investment, public procurement, etc.tment and New Foreign Investment.
FDI consists of the contribution made by individuals or legal entities residing abroad to the capital of a company that operates within the Dominican Republic.

Other Incentive Laws in the Dominican Republic

In the Dominican Republic, the legal framework related to FDI is broad in scope. In addition to Law 16-95, on Foreign Investment, and its regulations (380-96), various regulations are added. The treatment of the investor is clear, with few restrictions to the location, local share ownership, or thresholds of sectors (hospitality, free zones, renewable energies, border areas, telecommunications, logistics and agricultural operators); The country has specific regulations on foreign participation, tariff, tax benefits and others.

Investment Sectors

There are two main investment sectors : Energy Sector and Telecommunications Sector.