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Dominican Republic Seeks US$7 Billion for Investment Projects in 2024
By Guzmán Ariza, Attorneys at Law
The projects are listed in the government's 2024 budget bill and include the construction of new roads and bridges, the expansion of airports and seaports, the development of new tourist destinations, the construction of new power plants, and the improvement of water and sanitation systems.
The Dominican government believes that these investments will help to boost the country's economy. The government also expects the investments to create new jobs, improve transportation and tourism infrastructure, increase energy production, and improve water and sanitation services.
The Dominican Republic's location, in the very center of the Caribbean, has made the country a vital trade link between Europe, North America, and the rest of Latin America, offering preferential access to more than 1 billion consumers through free trade agreements with the United States and Central America, through DR-CAFTA, and with the European Union through the Economic Partnership Agreement (EPA).
Legal security, economic dynamism, and an attractive business climate also make the Dominican Republic a top destination for attracting Foreign Direct Investment (FDI) in the region and one of the most vibrant economies in Latin America and the Caribbean.
The country looks to favor FDI through a solid legal framework that not only offers legal security to investors but also a set of incentives and tax exemptions that guarantee higher returns on their investments.
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.