The Dominican Republic aims to attract Foreign Direct Investment (FDI) of 4.2 billion dollars, equivalent to 3.7% of its Gross Domestic Product (GDP). It has been a regional leader in Central America and the Caribbean, receiving 18% of total inflows between 2016 and 2022, although in 2022 it ranked second, surpassed by Guyana.

As of 2022, accumulated FDI in the country reached 55.871 billion dollars, representing 45.8% of GDP. This data comes from the study “Impact of Foreign Investment in the Dominican Republic: Let’s Double the Investment,” conducted by the Dominican Association of Foreign Investment Companies (Asiex) and Ecoanalítica.

The FDI sector contributed a net foreign exchange inflow of 9.083 billion dollars in 2022, an increase of 71.4% since 2018, representing 49.8% of the country’s total foreign exchange. Goods exports in 2022 reached 8.938 billion dollars, accounting for 73% of total Dominican exports.

In 2021, the sector reported total sales worth 14.964 billion dollars, equivalent to 15.8% of GDP, a five-percentage-point increase since 2018.

Tax revenues generated by these companies amounted to 4.398 billion dollars, representing 3.9% of GDP, an 83% increase since 2018. These revenues account for 30% of the country’s total tax collection.

The study covers 659 FDI companies, of which 245 are under the regular tax regime and 414 operate in export processing zones, representing 0.7% of all companies in the country. These companies contribute 18.8% of resources to the Social Security Treasury, showing a 5% increase since 2018. Additionally, 80.3% of employees in export processing zones work for foreign companies.

Moreover, these companies pay salaries that are 37.6% higher than those of other companies. They have created 65,000 direct jobs since the beginning of the pandemic, a 12% increase compared to 2018.

For additional details on specific opportunities and trends, as well as personalized advice in the real estate field, we invite you to contact Meibi Castillo.

Meibi Castillo, a real estate expert, is available to provide detailed information and professional guidance. You can reach her via phone at +1 809-773-7925 (Dominican Republic) or +599 9 670 6636 (Curaçao), or by email at [email protected] for personalized real estate assistance.