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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