SANTO DOMINGO – The Minister of Industry, Commerce, and MSMEs, Ito Bisonó , affirmed that the Dominican Republic continues to break records for foreign investment, thanks to the legal guarantees the country offers. “As long as there are legal guarantees, any type of investment is welcome,” he stated, emphasizing the government's commitment to creating a transparent, legal, and competitive environment for all sectors.
Bisonó emphasized that the government's objective is not to persecute any business group , but to ensure that all businesses operate in accordance with the law, properly declare their goods, pay their taxes, and comply with their labor obligations.
His remarks come amid calls from the Federation of Merchants for comprehensive regulation of businesses operated by Chinese citizens in the country. The minister endorsed this request and emphasized that such regulation should involve not only his ministry but also other entities such as municipalities, business associations, and the General Directorate of Internal Taxes (DGII).
“As long as that remains the case, the rules are the same for everyone,” he stated, reiterating that compliance with established processes is key to ensuring fair competition. He also emphasized that regulation must be comprehensive and applied equally to all sectors.
The statements were made after the conclusion of the conference "The new commercial era: challenges and opportunities for the productive chain", held by the National Union of Entrepreneurs , where he stressed that the Dominican Republic is open to any investment, wherever it comes from.
“Here, we know about the time of the Turks, because they gave Turkish passports to all Arabs. We have Japanese communities, Chinese communities; before, Puerto Ricans came to work in the sugar mills, and Cubans too. In other words, they can't claim that we're closed to people or investment, but they must comply,” he stated.
