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The Dominican Republic
Your best option for nearshore operations

DR AT A GLANCE

INTRODUCTION

Dominican Republic, one of the largest growing economies in Latin America and the largest in the Caribbean.

A CONVENIENT LOCATION

The Dominican Republic, with an area of 18,712 square miles, is the second largest country (after Cuba) in the Caribbean. It has about 1,000 miles of shoreline, four mountain ranges and fertile valleys.

Because of its location, the Dominican Republic has convenient access to the United States, Canada and Latin American markets, as well as to Europe.

A MILD CLIMATE

The country has a mild climate, with an average temperature of 77 degrees C or F. There are two brief rainy seasons, from May to July and from October to November.

As part of the Caribbean basin, the Dominican Republic is susceptible to tropical storms. However, its topography and location often help to reduce the intensity and even to change the course C of these storms.

THE DOMINICAN POPULATION

Estimate population of 10.5 million people with an average growth of 1% in the recent years. The average life expectancy of Dominican men is 70 years and of Dominican women is 74 years.

It should be emphasized that in addition to the population resident in the Dominican Republic, about 1 million other Dominicans currently live in the United States. This is yet another reason for the close relationship between the two countries.

 

WHY DR?

SOCIAL AND POLITICAL STABILITY

General environment of social peace, is one of the most stable democracies in Latin America and the Caribbean, and macroeconomic stability.

FOREIGN INVESTMENT INCENTIVES (Law 16-95)

• National treatment for foreign investors
• Free access to international currency through local banks and the Central Bank of the Dominican Republic
• Allows 100% benefit repatriation
• Technology transfer is considered an investment
• Free convertibility of funds

EXCELLENT AND MODERN TELECOMMUNICATIONS SYSTEM

• Direct Local and International Remote Dialing
• Advanced Business Communications Systems
• Fiber Optic Cable Lines. (Broadband)
• Wireless connectivity (wireless (On-site GSM Cells)
• More than 9.9 Million Fixed / Mobile Lines
• Main Cities Connected with Fiber Optic Cable

EFFICIENT LABOR REGIME

Highly skilled workforce with competitive salaries.

PREFERENTIAL ACCESS TO MAIN INTERNATIONAL MARKETS

Commercial Agreements signed by the Dominican Republic:
• RD-Central America Free Trade Agreement
• CARICOM Free Trade Agreement
• RD-Panama Free Trade Agreement (partial scope)
• RD-US Free Trade Agreement (DR-CAFTA)
• RD Free Trade Agreement – European Union (EPA)
• FOREIGN INVESTMENT INCENTIVES (Law 16-95)

INVESTMENT PROTECTION THROUGH

• Multilateral Investment Guarantee Agency of the World Bank (MIGA)
• Overseas Private Investment Corporation (OPIC)
• Founding Member of the World Trade Organization (WTO)