Free Trade Zones in the Dominican Republic
The Dominican Free Zone system is highly attractive to investors for the benefits that are offered, including:- Favorable legal regime that exempts companies from paying import duties, income tax and most tax obligations
- Preferential access rights, which allow entry of Dominican exports in the markets of the United States and Europe, without paying customs duties.
- Facility of obtaining financing from local or foreign institutions
- Ease the repatriation of profits in foreign currency.
- Qualified labor
- Context of political stability
- Option to sell the production in the local market, prior approval of the National Council of Free Zones
- Free income tax
- Tax free for constitution, merge or reform of commercial companies
- Free of all import duties of raw materials and equipment necessary for the operation
- Tax Free export or reexport
- VAT business tax free (ITBIS)
- Free Municipal Taxes
- Free Consular charges on importations consigned to operators or companies of Free Zones