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Why are manufacturing companies moving to the Dominican Republic?

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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. The reason? An attractive fiscal framework, highlighted by the word "ZERO”: zero income taxes, zero duties, zero construction taxes. This robust tax exemption framework, under Law 8-90, grants complete exemptions, amounting to 100% for nearly all national and local taxes.

Semiconductors

But the allure of the Dominican Republic doesn't stop with tax exemptions. The country's strategic location in the heart of the Caribbean makes it the ideal destination for nearshoring. Companies enjoy no logistical complications thanks to the proximity to key markets in the United States and Europe. Boasting international gateways like Las Américas and Punta Cana airports, businesses benefit from seamless connectivity. Key container ports, such as Haina and Caucedo, facilitate efficient import-export operations, ensuring minimal delays. Complemented by a comprehensive logistics infrastructure, including modern roadways and distribution centers, the nation emerges as a prime destination, positioning companies to achieve unprecedented operational efficiency.