Investment in Free Trade Zones Increases

In the Dominican Republic, contracts were approved for the development and operation of four parks in export processing zones and 13 permits for the installation of companies.

Tuesday, May 28, 2019

The National Council of Export Processing Zones (CNZFE) reported last May 21 that it approved permits for two new parks of processing zones to be built in Boca Chica, and another in Nigua.

The CNZFE statement outlines that the 13 companies approved by the Board of Directors, will have an economic and social impact in the provinces: San Pedro de Macoris, Santiago, Santo Domingo and Bonao, localities where they will be installed.

Another document published on the CNZFE website, published on 28 May, explains that "... contracts were signed for the development and operation of two export processing zone parks."

Regarding the location of the industrial complexes, the report adds that "... the free trade zone parks "Las Carolinas" and "La Habanera", approved by decree, will be in Monte Plata and Santiago, respectively."

See May 21 and 28 press releases.

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More on this topic

More Investments in Free Trade Zones Authorized

December 2019

In the Dominican Republic, five new companies have approved permits to operate in free trade zones, which together will make an investment of close to $16 million.

Among the activities of approved companies are: manufacture of doors, windows and boxes, international call center services, and textile manufacturing, reported the National Council of Export Processing Zones (CNZFE).

Free Trade Zones: More Companies and Industrial Parks

October 2019

In the Dominican Republic, approvals were granted for the development and operation of four new industrial parks, as well as the respective permits to install 12 new companies in free trade zones.

In the case of the new parks, these will be located in Boca Chica, Valverde, San Cristobal and Santiago, reported the National Council of Export Processing Zones (CNZFE).

Single Window for Companies in Free Trade Zones

August 2019

The Dominican Republic's free trade zones guild promises to reduce response times with the implementation of the Single Window for Foreign Trade of the General Directorate of Customs.

Simplifying procedures, transparency and security of processes, reduction of response times of requests, reduction of costs of stationery and office equipment, are some of the benefits that will enjoy for companies in areas with the implementation of the Single Window, informed the union.

More Companies in Free Trade Zones

January 2019

The sector guild in the Dominican Republic approved the installation permits for 11 new companies, and it is expected that the companies will invest around $20 million.

From the CNZFE press release:

Santo Domingo - The National Council of Free Trade Zones (CNZFE) announced yesterday the approval of permits for the installation of a park and 11 new companies in free trade zones, which will generate 976 direct jobs.

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