MICM

Why are manufacturing companies moving to the Dominican Republic?

Retrieved on: 
Wednesday, December 20, 2023
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SANTO DOMINGO, Dominican Republic, Dec. 20, 2023 (GLOBE NEWSWIRE) -- In a bold strategy that has revolutionized the international investment landscape, a growing number of free zone companies are making the Dominican Republic their top choice, relocating their businesses, as well as their production plants.

Key Points: 
  • SANTO DOMINGO, Dominican Republic, Dec. 20, 2023 (GLOBE NEWSWIRE) -- In a bold strategy that has revolutionized the international investment landscape, a growing number of free zone companies are making the Dominican Republic their top choice, relocating their businesses, as well as their production plants.
  • This robust tax exemption framework, under Law 8-90, grants complete exemptions, amounting to 100% for nearly all national and local taxes.
  • Companies enjoy no logistical complications thanks to the proximity to key markets in the United States and Europe.
  • The Dominican Republic's nearshoring success stories span across various industries, with several multinational companies choosing to move their operations to the country.

The Dominican Republic: A secret well-kept for Tech Manufacturing

Retrieved on: 
Tuesday, November 21, 2023
Economics, Airport, DR, Cardinal Health, MICM, Semiconductor, Free-trade zone, Commerce, Ministry, Medtronic, Textile, Eaton Corporation, Tobacco, Growth, Investment, Jewellery

Currently, 87% of the Dominican Republic's exports of electrical and electronic devices are directed towards the United States.

Key Points: 
  • Currently, 87% of the Dominican Republic's exports of electrical and electronic devices are directed towards the United States.
  • SANTO DOMINGO, Dominican Republic, Nov. 21, 2023 (GLOBE NEWSWIRE) -- The Dominican Republic, along with Mexico, is the primary supplier of electrical switches to the United States.
  • In recent years, the country has experienced a significant transformation, solidifying its position as a top contender for international investors.
  • Geographically, the Dominican Republic has leveraged its strategic location to emerge as a pivotal hub for global trade, connecting regions worldwide.