Economy March 22, 2023 | 3:26 pm

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Economic growth is the main attraction of the Dominican Republic for investors

According to Marcial Smester, the director of Investment at the Export and Investment Center of the Dominican Republic (ProDominicana), the country’s constant economic growth is its main advantage in attracting foreign direct investment (FDI). Smester estimates that FDI will exceed US$4 billion net in 2023, and he emphasized that the local economy has grown more than other Latin American countries with greater development in the last three decades. He also stated that there are no internal factors that could limit this growth, but rather exogenous ones such as imported inflation.

Smester highlighted that the Dominican Republic’s Gross Domestic Product (GDP) is a strong and attractive indicator to promote national and international investment, with an average growth rate of 5% annually, which is significantly higher than in countries such as Brazil, Mexico, Colombia, and Argentina. He emphasized that economic stability is a crucial factor in investment decisions, followed by political security and social peace.

Smester made these remarks during his speech at the “Specialized international forum: PPPs and their socioeconomic impact in the Dominican Republic,” where he also pointed out that the country received a foreign direct investment of more than US$3 billion for two consecutive years, for the first time in its history.

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March 22, 2023 6:08 pm

Lower the taxes and eliminate the “anticipo” tax and you’ll double the investment coming into the country. I have had conversations with large investor groups that have heard of the high tax rate and the “stupid” anticipo tax whose logic does not make sense at all, state that it’s a concern for them due to the cash flow being directly taxed without taking into consideration losses or gains by the company. .

AOS Corporation
March 25, 2023 12:32 am
Reply to  MayaLuna

When you setup a corporation the DR taxes your Patrimonio or Initial Investment.
How crazy is that? Tax Net Income not the investment.