The foreign investment in Dominican Republic is regulated by law no.16-95. The proposition foreign and national investors the same legal state and also it permits the full recovering of capital and earnings. Also the Dominican Republic is a member of the world commerce organization (WCO) and it’s assigned to the COTONOU convention (late Lome IV convention). The US congress approved the textile parity, which grants the country with an important economical advantage. As a beneficiary of the Initiative of Caribbean Cuenca (ICC) this lets them import tax free in the U.S a major part of the manufactured items and preference levels of access from textile products (G.A.L the program). |
Dominican Republic has also amplified its market making business agreements of free commerce with Central American countries and CARICOM. Recently, the U.S congress passed to the association of free commerce of Central America (CAFTA) the trade that will liberate the commerce between Dominican Republic and the United States. The Dominican Republic has historically animated the foreign investments by creating free zones; it has preferred fiscal advantages and infrastructure development. The PCSD is a significant example of the governmental support to provide firms the necessary platform to establish operation near the shore of the state. Free Zones Telecomunication FDI |
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