Spanish company to create hub in Dominican Republic to operate in the Caribbean

Madrid, Spain — The Dominican Republic continues to be attractive to Spanish investors. Víctor Salamanca, CEO of the family-owned company Auxadi, which operates in more than 33 Latin American countries, revealed that they have just purchased a Dominican company that will allow them to expand their services by creating a hub from which to operate in the LAC region.

Salamanca told Listín Diario, at the end of the presentation of the XVII 2025 report, Panorama of Spanish Investment in Latin America, that the Dominican Republic is a significant market where they have purchased an accounting firm.

He said it is an important company that manages baseball and telephone company payrolls. Auxadi is buying other companies in London, the United States (Miami), Belgium, and a legal firm in Spain, which shows their organic and inorganic growth.

“We need local growth, so to help our clients abrad with local knowledge, we have to buy,” he said.

Auxadi offers services and consulting “in telecommunications, the hotel sector, infrastructure, and all sectors where Spanish investment goes. That is why they follow companies from the Dominican Republic and the United States when they go there; they are multi-Latin American companies.

According to Salamanca, this means more local jobs for Dominicans because they will be established here and can access other Caribbean markets from this country.

Although the final investment amount has not been determined, Salamanca assured that there will be a monthly impact of US$10 million.

Auxadi is a Spanish family-owned company that offers legal advice, tax obligations, accounting, payroll, and cash management, among other services. It is a global platform with a single point of contact.

It operates in over 50 countries and has 1,500 clients, 95% multinational companies.

For years, the company has contributed to developing the Spanish investment report on Latin America, Iberia, and Casa de América.

Salamanca participated in the presentation of the report, where, among other details, he emphasized that the union between the European Union and Latin America would face challenges in the global economic context.

He pointed to political instability, currency volatility, inflation, regulatory changes, and fiscal complexity in countries such as Brazil, Argentina, Venezuela, and Colombia as points of conflict, which represent a significant challenge for foreign investment companies, among others, which are not immune to political instability and corruption.

Trump’s policy

About Trump’s tariff policy for Americans (Make America Rich Again), he said that it generates certainty but also a great deal of uncertainty.

The CEO of Auxadi highlighted that reforms aimed at improving the investment climate, such as the simplification of procedures, the protection of property, the promotion of transparency, and agreements that facilitate trade and investment, are encouraging in Latin America.

Salamanca spoke of investment opportunities in various sectors, such as energy, telecommunications, infrastructure, and financial services, which continue to offer fertile ground for Spanish investment.

He also cited challenges and strategies for mitigating risks, such as leveraging free trade agreements and regional integration initiatives to facilitate free access and optimize operating costs.