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Spaniards invest US$1.5B in the country, won’t be ‘double taxed’

Santo Domingo.- The governments of Dominican Republic and Spain will avert double taxation of investors in both countries, a measure spurred by the Spanish entrepreneurs’ around US$1.5 billion investments in the Caribbean country.

Spain’s Secretary Commerce Jaime García Legaz said Dominican investments in Spain are around 80 million euros (US$110 million).

In a National Palace a press conference Garcia said he spoke with president Danilo Medina on several topics including investment in tourism and agreed to avert double taxation.

Spain ambassador Jaime Lacadena and other Spanish government officials accompanied Garcia .

Source: DT

Category: DR News |

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Last updated December 8, 2016 at 12:39 AM
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