LATAM: Foreign Investors Survey 2017 ttitude Consulting
DOMINICAN REPUBLIC
Greater Attractions
Stable political and macroeconomic framework. The most powerful economy in Latin America( GDP: + 6.1 % between January and March 2016). Leading country in foreign direct investment in the Caribbean( tourism, construction, telecommunications and financial sector). Incentives for tourism, renewable energy, cinema, free zones...
Political Risks?
No. The President renewed his mandate for four years in May 2016 and the ruling party consolidated its already large majority in the Chamber of Deputies and the Senate.
Adequate Labor Laws?
Yes. The Labour Code of 1992: very stable framework for labor relations. The small number of types of employment contracts and procedures and modalities for its completion is beneficial for foreign investors.
Adequate Transparency and Corruption Framework?
Yes. The Dominican Republic is a signatory to the Inter-American Convention against Corruption of the OAS and the Convention against Corruption of the UN.
Suitable Fiscal Framework for Foreign Investment?
Foreign investment does not have a particular tax system. Equal treatment with domestic investment in tax matters, without any restrictions on the repatriation of dividends or ownership of real estate. For statistical purposes, foreign investment must be registered with the Central Bank of the Dominican Republic.
Proper Framework for Promotion and Mutual Investment Protection?
Yes. Agreements on the Promotion and Reciprocal Protection of Investments signed with Spain, France, China, Panama, Italy, Argentina, etc. Free Trade Agreements: CARICOM, DR-CAFTA and Central MCCA. Economic Partnership Agreement between the EU and CARIFORUM.
Advantages of Your country over Others in the Zone
Strategic geographical location; accessibility by air and sea; favorable business climate for its political and socio-economic stability with a robust legal framework; high connectivity-important logistics infrastructure and telecommunications-.
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