Why Invest In Las Terrenas Samana Dominican Republic

Why Invest In Las Terrenas Samana Dominican Republic

Why Invest In Las Terrenas Samana Dominican Republic

Foreign Investments:

Why Invest In Las Terrenas Samana Dominican Republic

You wouldn’t be the first person who decided to stay.

In fact, it’s difficult to visit the Dominican Republic without dreaming about living here. Whether it’s our tropical weather, warm and friendly people, safe environment, technological developments or tax incentives, many travelers have decided to make their stay in the Dominican Republic permanent.

Our first visitor, Christopher Columbus, proclaimed Hispaniola “…the most beautiful (country) that human eyes have ever seen.” So it’s no surprise that so many visitors choose to stay.

Many are fascinated by our magnificent unspoiled nature, lush green valleys, coconut palm-lined beaches and rich history and culture.

Thousands of our residents were once visitors with the dream of living in a beautiful Caribbean country.

They turned a dream into a reality why dont you?

Then you should ask yourself Why Invest In Las Terrenas Samana Dominican Republic

It is no wonder with Dominican laws like Law 158-01 on Tourism Incentive, which relieves developers of all national and municipal taxes for ten years, including the transfer of ownership to the first purchaser of a property.

If you want to move to the Dominican Republic and establish your business or company.

visit the Export and Investment Center of the Dominican Republic, CEI-RD: and also the National Council of Competition Website: www.cnc.gov.do

Countries with the best commercial exchange relationships with the Dominican Republic can even work with Dominican Chambers of Commerce to develop their business.

If you have a monthly pension, you can use Law 171-07 on Special Incentives for Pensioners and Persons of Independent Means from foreign sources. This Dominican Law guarantees tax-free receipt of pension income, including the possibility of moving your belongings over; which even includes your car.

Why Invest In Las Terrenas Samana Dominican Republic

There are many other benefits as well:

– Receive 50 percent Exemption on property tax.

– Exemption of taxes on the payment of dividends and interests, generated within the country or overseas.

– Receive 50 percent Exemption on taxes on mortgages, when the creditors are financial institutions that are regulated by Dominican financial monetary law.

– Exemption on the payment of taxes for household and personal items.

– Exemption from taxes on property transfers.

– Partial exemption on vehicle taxes.

– 50 percent Exemption of taxes on capital earnings, as long as the person receiving the income is the majority shareholder of the company and that the company is not involved in commercial or industrial activities.

– You must be able to obtain permanent residence within 45 days.

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

Economical and Political Stability:

Over the last decades the country has experienced consistent robust economic growth and stability – fruits of the government’s constant effort to ensure development and promote investment in the country’s markets.

Sound Legal Framework:

The country has an open and commercially integrated economy, which is supported by a developed legal framework that promotes economic stability and security for market participants.

The term foreign investment has been broadly defined to include traditional capital, registered trademarks in technology and other fields and financial instruments. The investment legal framework sets forth the principles of equal treatment allowing foreign investors to benefit from access to business opportunities in any sector of the national economy.

Market Access:

An open trade agenda has given the country access to approximately 878 million consumers worldwide. The country is a founding member of the World Trade Organization and has entered into many free trade agreements with its trading partners – including the Dominican Republic-Central America Free Trade Agreement with the United States (DR-CAFTA) and the Economic Partnership Agreement with the European Union and the CARIFORUM countries.

Investment Opportunities:

The main opportunities for business development in the Dominican Republic are within the sectors of telecommunications, infrastructure, renewable energy, agribusiness, call/contact centres, software development, manufacturing and tourism.

There is an extensive network of industrial free zone parks which houses more than 600 international companies, all of which operate under a tax-free regime and special customs treatment. The Santo Domingo Cyberpark specializes in Information Technology related to different industries, including software development and computer design and manufactured technology products.

Dominican Republic Economic Indicators

logoDominican Republic Economic Indicators

 Capital Santo Domingo 
 Area 0.048 million km2 
 Population 10.8 million
 Official language Spanish 
 Currency Dominican Peso 
 Size of economy US$ 55.66 billion 
 Wealth: GDP Per Capita (2010) US$ 5,538.3
 GDP growth (2012) 4.5% 
 Inflation (2012) 7.76%
 Foreign Direct Investment Net Inflows (Sept 2012) US$2.85 billion 
 Exports (2011)  US$8.53 billion 
 Imports (2011)  US$17.42 billion 
 Foreign Reserves (2011) US$ 3.6 billion
 Foreign Debt (2011) US$ 12.7 billion

Dominican Republic Economic Indicators

Why Invest In Las Terrenas Samana Dominican Republic

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