Economy October 20, 2021 | 12:13 pm

Buy car in DR

Canadians look to invest as Gov. touts business climate

Santo Domingo.– A mission of Canadian business  leaders interested in investing in the Dominican Republic in the areas of trade, development, investment, industry, tourism, cooperation for environmental sanitation projects and others, visited Foreign Minister Roberto Álvarez yesterday.

The official explained that with this meeting the work agenda of these businessmen in the country began.

“You are in a nation with an excellent investment climate, reinforced by the efforts of the Dominican Government to combat corruption and impunity.

In addition, we have a free zone regime that generates investment facilities and we have macroeconomic stability,” added the foreign minister.

The arrival in the country of this high-level business mission was coordinated by the embassy of the Dominican Republic in Canada, and its ambassador Michelle Cohen.

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October 20, 2021 12:40 pm

Never invest in this country , you will lose your money, they will steal any money invested if they can !

Alberto martinez
October 21, 2021 9:30 am
Reply to  Bob

Thats not what big real estate developers are saying, still DR has the best rates of construction cost, biggest ROI in all the caribbean, lowest maintenance fees for their properties, no wonder we have hotels and developers from all around the world on waiting list for approval not to mention your development can be financed with Local banks no problem!

so regarding your point of view its very personal because there are alot of people who have also invested in the US and they have lost their money too, specially in real estate and stocks.

October 21, 2021 2:50 pm

You can not invest in a country without ” The Rule of Law ” DR has to many corrupt government officals , Judges , police , etc., embezzelment , kickbacks, bribery, theft, are the business model here !

Johnny Doe
October 20, 2021 12:43 pm

Business climate? I have a building project in the works, and we are now on hold (several million dollars) because the investors want to wait and see what the court says on the vaccine card mandate.

if the court rules in favor of the people we will build. If not, the investors are pulling out. They feel his move (if approved) makes him a dictator who can then do anything he wants to anyone without recourse.

October 20, 2021 1:01 pm

There is no business climate , only what they can steal or embezzel from you ! This is a very corrupt country ! Beware !

October 21, 2021 10:05 am

I will believe that the DR is a decent place to invest on the day that the Environment Assessment Permit for the Gold Quest Mining’s Romero project is signed by the government. It has been held in limbo for years, without cause. Any company doing their due diligence in the DR should turn and run until they prove that the follow the rule of law.