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Centre of Entrepreneurship in the Dominican Republic
By Guzmán Ariza, Attorneys at Law
The International Chamber of Commerce (ICC) and the Chamber of Commerce and Production of Santo Domingo (CCPSD) have established an ICC Centre of Entrepreneurship in the Dominican Republic, aiming to promote the participation of small- and medium-sized enterprises (SMEs) in international trade.
The launch in Santo Domingo responds to the CCPSD’s ambition to promote activities that contribute to the Dominican Republic’s business growth. This brings the total number of ICC Centre of Entrepreneurship worldwide to fifteen, since first launching in Istanbul in 2020.
The launch event was attended by the Vice President of the Dominican Republic, Raquel Peña Rodríguez.
The ICC Centre of Entrepreneurship works closely with chambers of commerce around the world to expand their networks and offer global training, virtual mentoring and coaching, with the objective of inspiring entrepreneurship, digitising SMEs and improving their global competitiveness.
According to data from the Economic Commission for Latin America and the Caribbean (ECLAC), micro, small and medium-sized enterprises account for 99 percent of the industrial fabric, thus generating the majority of jobs. In the Dominican Republic, MSMEs make up 98 percent of the business fabric, comprising 38.6 percent of GDP and generating more than 2,500,000 jobs (over 60 percent of formal employment in the region, according to a ‘Mipymes’ [MSMEs] report). Specifically, one in three job positions are attributable to SMEs.
Guzmán Ariza, Attorneys at Law
Guzmán Ariza is a leading full-service law firm in the Dominican Republic, consistently ranked among the country’s top-tier firms by the most prominent global legal directories such as Chambers and Partners and The Legal 500.
With ten strategically located offices across the nation's principal business and tourism hubs, we are uniquely positioned to support clients in seizing opportunities within the largest and fastest-growing economy in Central America and the Caribbean.
Our multilingual team is well-versed in advising international clients across a broad spectrum of practice areas. In the field of intellectual property, we offer robust counsel and representation in both commercial transactions and litigation. Our services cover trademark and trade name protection, copyright and patent registration and enforcement, as well as licensing, assignments, and the transfer of IP rights.
Guzmán Ariza is globally connected through active memberships in prominent international legal networks, enabling us to effectively support cross-border matters and multinational transactions.