do business in the Dominican Republic - Pellerano & Herrera

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DOING BUSINESS INTHE DOMINICAN REPUBLICPOPULATION AND DEMOGRAPHYIn general terms, the Dominican population is the result of an intensive mestizationprocess in which, on a higher or lesser degree, mainly three componentshave participated:Aborigine, European and African.As a result of this process, theDominicans have become a combination of the best of several worlds.From the cultural standpoint,“hispanity” clearly predominates, which is stronglypresent in the different aspects of Dominican life.This is shown in the fact thatSpanish is the official language of the Dominican Republic and that most of thepopulation is of catholic religion.However,in this regard it should be pointed outthat the Constitution of the Dominican Republic recognizes the freedom of religion,which explains the existence of all types of religions that practice theiractivities in all normality.The population of the Dominican Republic reaches almost 8.6 million inhabitants.As to gender,the population is quite evenly distributed:there are 4,297,325 womenand 4, 265,216 men, that is, about 50% of each sex.Finally, it should be pointed out that the Dominican population within 15 and 44years old accounts for 47% of the whole country population, while 34% arebelow and 19% are above this group.WORKFORCEA report from recent years published by the Central Bank shows that the economicallyactive population of the Dominican Republic is estimated in 3,314,993people.It also shows that from this figure around 59.15 % are dedicated to services,16.92% to the industry and only 16.41% to agriculture. 7.52% had no branch ofeconomic activity and are looking for a job for the first time.The country has a wide and diverse workforce,ranging from university graduatesboth at a professional and technical level, workers with basic knowledge andskills and workers in general.INFRASTRUCTUREAll throughout the years the Dominican Republic has developed a large physicalinfrastructure, highly developed and adapted to the requirements of a societyfocused towards production and the marketing of goods and services.Certainly, this infrastructure is an important support to productive activities.Special mention should be made of transport and communication facilities bothat a local and international level.RoadsThe road network that links practically all of the country's destinations is one ofthe best of the region, while air and maritime services include the main linesworldwide.6
Pellerano & HerreraAttorneys at lawAirportsThe country has a modern, wide and efficient airport system that receive cargoand passengers traveling directly from North America,South America and Europe.It comprises six airports located all throughout the national territory used forinternational flights, as well as other available for domestic flights.PortsThe country has also 11 important ports. The main are the Haina Port, SantoDomingo Port and Boca Chica Port,which is one of the most modern and dynamicof the Caribbean.These seaports and airports, which handle both cargo and a growing number oftravelers, are located within a short distance of industrial centers.TelecommunicationsThe telecommunications system is one of the main competitive advantages thatthe Dominican Republic has to offer for its performance in any sector of economicactivity.These services are wholly provided by private suppliers, and ranks doubtless asone of the most advanced and efficient, not only in the Caribbean but also worldwide.The role that telecommunications have to play today in productive processes andall other aspects of society life enhance the meaning of the availability of thesetechnical resources, which should thus be highlighted as adding significant valueto the business offer of the Dominican Republic.ElectricityThe electricity supply is still an important challenge for the authorities and anexcellent opportunity for investors.The energy supply is not enough to meet the growing demand of the populationand industrial sectors of the country. For this reason measures have had to betaken to rationalize the energy distribution to all sectors of national life. In turnthe population has been forced to find private solutions such as the purchase ofelectricity generators for both domestic and industrial use.The main initiative taken in the last years to face successfully this situation wasthe capitalization of companies that provided this service under the frameworkof the Law for Capitalization of Public Companies.Another important act was thepassing of the General Electricity Law.7
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Design: Lourdes Saleme y AsociadosP
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