As part of Ulises Cabrera’s ongoing commitment to stimulate capital investment in the Dominican Republic, our firm has published the second edition of our “Tax Incentives Guide”, which we have been updating since 2012, in order to allow potential investors interested in doing business in the Dominican Republic the benefits available to them.
The Dominican Republic has a set of laws designed to encourage investment in sectors where there are good business opportunities for domestic and foreign investors. One of the ways in which the country encourages investment in certain areas of the economy or geographic regions is the granting of tax incentives, i.e. the possibility of exempting the investor from the obligation to pay taxes to the State for all or part of the activities and benefits derived from the investment, in exchange for the creation of employment and the transfer of technology and know-how.
One of the fundamental objectives of this guide is to keep it up to date with the constant legislative updating processes in our country, which has made it possible to create a favourable environment for private initiative, under conditions that guarantee the legal security of investment.