Economy

Economy July 16, 2022 | 11:40 am

Cost to formalize companies in the Dominican Republic is among the lowest in Latin America

According to figures from the World Bank Group, the average cost of formalizing a business in Latin America is US$652. In contrast, in the Dominican Republic, the figure is less than half, and US$233 is needed to start a micro, small and medium-sized enterprise (MSME). According to Encuesta Nacional de Hogares de Propósitos Múltiples, there are almost 1.5 million MSMEs in the Dominican Republ... Read more