Dominican Republic offers Spanish investors “tax free” operations
VALENCIA, Spain.- Dominican Republic offers Spanish investors “tax free” operations in the country’s tourism, agribusiness, textiles, manufacturing and footwear sectors, said Monday Dominican ambassador in Spain, quoted by EFE.
César Medina touted his country’s political conditions and economic growth, projected at 4% this year “which lend themselves to shelter the highest number of investors from Spain.”
Medina headed a gathering to showcase Dominican Republic’s business opportunities, in Valencia, Spain, and noted the many companies setting up shop in this country. “They have all the possibilities to operate tax free.”
The diplomat also noted the access to U.S., Central America and Caribbean markets, with the free trade agreements.
Medina said any company that decides to operate in the country qualifies for a tax-exempt “free zone” formula and mentioned the industrial incentive law that also attracts foreign capital, but reiterated that Spain’s extraordinary investments are sill in tourism.
Category: DR News |