Dominican Senate advances bill to promote local and foreign investment

Santo Domingo.- The Senate of the Dominican Republic approved in first reading a bill designed to promote both domestic and foreign investment by establishing a legal framework that guarantees equal rights and obligations for investors. Introduced by Senator Alexis Victoria Yeb, the proposal aims to boost capital inflows, strengthen legal certainty, and support economic growth and national development.

The legislation also requires investors seeking incentives under the law to comply with environmental protection standards and responsible natural resource management. The measure is intended to make the Dominican Republic more attractive to investors while ensuring sustainable development.

During the same session, senators approved several resolutions, including requests for sports facility renovations in Villa Vásquez and Salcedo, the construction of a blood bank in Hermanas Mirabal Province, and new police stations in Sabaneta and Villa Tapia. The Senate also approved recognitions honoring notable figures in education, literature, medicine, and the arts, along with an amendment to the air transport agreement between the Dominican Republic and Cuba.