PUNTA CANA.- The Dominican Republic is the land of opportunity, with warm people, tax advantages, legal security and countless attractions that make the land of merengue a haven that seduces foreign investment.
“The Dominican Republic is not just a land for real estate investment. It is a land of great opportunities where flavor, hospitality… we call it the land of merengue, the land of larimar, the land of zancocho, the land of the flag. The Dominican Republic has countless reasons to invest here,” commented prominent real estate lawyer Reyna Echenique, while participating in the panel of presidents of the Latin American Real Estate Confederation (CILA), within the framework of the X CILA-AEI Latin American Congress, which is taking place in the country's main tourist destination.
Speaking alongside 14 representatives from participating countries, Echenique cited several reasons, including the economic stability which he said is constantly growing, attracting billions of dollars to invest in the Dominican Republic in terms of foreign investment.
"We also have a very robust and strengthened legal framework where our 1695 law gives the investor the opportunity to receive equal treatment just like the local investor," he continued.
He added the freedom to repatriate capital and profits without the need for residency or a visa to invest, and the strategic location which connects the country with more than 1.2 billion consumers through our international agreements.
"We also have tax exemption through our Law 158-01, better known as the CONFOTUR Law, which gives you the opportunity to receive tax exemption benefits for up to 15 years," he said.
"We also have agreements in place to avoid double taxation, making investment more profitable," he explained. "In short, the Dominican Republic is a land of opportunity for investment, where every investor feels at home," Echenique concluded.
