The Dominican Republic has solidified its position as a global investment hub, attracting significant Spanish investment totaling $1.126 billion, second only to the United States. This surge is attributed to the nation’s robust legal security, macroeconomic stability, and attractive incentives, as highlighted by executives from the Official Spanish Chamber of Commerce in the Dominican Republic (CAMACOESRD) and the Dominican Week in Spain (SEDE) platform during a recent luncheon hosted by the Corripio Communications Group. Francisco (Paco) Pérez, president of CAMACOESRD, emphasized the country’s exceptional economic, social, and political stability, which stands out in an era of global polarization. He noted that Spanish investment has diversified beyond tourism into strategic sectors like renewable energy, infrastructure, and communications. José Maldonado, vice president of SEDE, underscored the role of the Renewable Energy Law and the double taxation treaty between the two nations in driving investment. However, challenges remain, particularly in improving service infrastructure and education to meet the demands of new investments. Pérez and other leaders stressed the importance of maintaining tax incentives to sustain the Dominican Republic’s regional leadership, citing competition from countries like Jamaica and Costa Rica. In a bid to further promote the country, Spanish business leaders announced the upcoming SEDE event, scheduled for March 27-31 in Madrid and Asturias, which will showcase the Dominican Republic’s banking system, digital advancements, and creative industries.
Spanish businessmen highlight the advantages and challenges of investing in the Dominican Republic.
