CNZFE approves 15 new companies in Free Zones

Santo Domingo.- The National Council of Free Export Zones (CNZFE) has approved installation permits for 15 new companies in free zones, with a projected investment exceeding RD$496 million.

Daniel Liranzo, the executive director of the CNZFE, announced that these new companies are expected to create 1,512 direct jobs and generate over US$13.9 million in foreign currency. The companies’ activities will span call center services, tobacco processing and cigarette manufacturing, dental floss assembly, and technical and computer support for software.

The new companies will be established in various provinces across the country, including Santiago, Santo Domingo, Peravia, San Cristóbal, San Pedro de Macorís, and Valverde.

During the CNZFE’s ordinary session, the contract to commence operations at the La Cuaba Industrial Free Trade Zone park was signed.

The session was led by the Minister of Industry, Commerce, and MSMEs, Víctor-Ito Bisonó, and attended by Vice Minister of Free Zones of the MICM, Johannes Kelner; Vice Minister of Finance, Martín Zapata; Claudia Pellerano, vice president of Adozona; Yarisol López, deputy director of the CNZFE, and other public and private sector representatives.