SANTO DOMINGO,- The World Bank’s Doing Business 2009 report for the first time ranked the Dominican Republic among the world’s top 10 countries in terms of creating a more business-friendly regulatory environment, while the Caribbean nation also climbed 13 spots in the overall ranking on ease of doing business.
Eddy Martinez Manzueta, secretary of state and executive director of the Dominican Republic’s Export and Investment Center (CEI-RD), said this result shows “the strong performance of the Dominican economy, partly due to the trust generated by President Leonel Fernandez’s government.”
The report said the Dominican Republic had excellent results within the following business-reform areas: starting a business, registering property, paying taxes and trading across borders.
“Our intention is to continue to improve the Dominican Republic’s business climate, not only to be among the top 10 but to become the leading country in Latin America,” Martinez Manzueta added.
According to the report, the Dominican Republic sped up formalities in several areas by making them electronic, such as enabling entrepreneurs to complete various start-up formalities online including name verification and commercial and tax registration. The online portal for customs documentation and payment also was improved, reducing by three days the time for exporting products.
The Caribbean nation also reduced the corporate income tax rate from 29 percent to 25 percent and abolished several taxes, including the stamp duty. The property-transfer tax rate also fell from 4.3 percent to 3 percent, the Doing Business 2009 report added.
The Dominican Republic, meanwhile, was 97th in the overall rankings on the ease of doing business, up 13 spots compared with the Doing Business 2008 report.
The Dominican Republic’s strong results were part of an overall trend in Latin America and the Caribbean, as 30 business reforms were implemented between June 2007 and June 2008 in half of the region’s countries.
Doing Business 2009 ranks 181 economies in terms of overall ease of doing business, with the data collected in a standardized way. Surveys designed by the Doing Business team, with the methodological support of academic advisors, are administered through more than 6,700 local experts, including business consultants, lawyers, accountants and government officials. The data collected in the surveys also is tested for robustness.
The data, methodology and names of local partners that supported the project are listed on Doing Business’ Web site at www.doingbusiness.orghttp://www.doingbusiness.org/
Written by: Belial, 11 Sep 2008 12:45 PM
From: United States, Texas
Because the Dominican bourgeoisie and US imperialists won't let the poverty level go below 42% of the population.
Written by: josean, 11 Sep 2008 12:46 PM
From: United States
"Easier to do business in the Dominican Republic"
Especially for narcos!
Written by: Belial, 11 Sep 2008 1:31 PM
From: United States, Texas
"Easier to do business in the Dominican Republic"
Especially for narcos!
oooo
"We have a little business problem; so, we want hit 5 or 6 people," the dope man says.
"No problem. Hit as many as you want. It easy to be business here."
Written by: anthonyC, 11 Sep 2008 1:34 PM
From: United States
"The Dominican Republic, meanwhile, was 97th in the overall rankings on the ease of doing business, up 13 spots compared with the Doing Business 2008 report."
And they are proud of that?
Written by: bernies, 11 Sep 2008 1:36 PM
From: United States, key west fl
bla bla bla you guys really hate that country.......... what about the others countries is it there anything that guys can point out as a good work by the goverment.. remember the old days when arriving to the DR was a nightmare because the immigrations officers used to conficate whatever you brough in to keep to themself. Now that is a big improvement compare to now wouldn't you agree?
Written by: bernies, 11 Sep 2008 1:44 PM
From: United States, key west fl
it is almost like stateside checking in and arriving no more anoying guys asking you stupid questions... now you just arrive collect your bags and go the immigration officer to get your pass and out you go. that also mades it easy to do business.. oh another thing clearing packages at customs it is so simple that even a blind person can do it. And i know all of that based on personal experiences.
Written by: Belial, 11 Sep 2008 1:47 PM
From: United States, Texas
"guys can point out as a good work by the goverment.. "
oooo
Before the hurricanes, the agricultural base in the DR was fairly well managed. I would say third in the region behind Brazil and Argentina. [Although Argentina have had difficulties in that sector of late.]
From: United States
Bernies I totally agree with. The pesamism and negavity that some have regarding our island nation is staggering and has no boundaries.
Written by: anthonyC, 11 Sep 2008 1:49 PM
From: United States
Bernies,
That may be the case but you know if the idots vote in the PRD again then it is back to the same old larceny.
BTW 97th is pathetic. That is why I don't do business "IN" the D.R. anymore.
Written by: bernies, 11 Sep 2008 1:54 PM
From: United States, key west fl
I do but in the free zone and it is expored to the usa as soon as the goods are finished. only way to do business, unless you want to put up liquor store that since to be a good business now since there located in good area where people are able to pay for their drinks and either drink it inside or outside.
Written by: josean, 11 Sep 2008 3:43 PM
From: United States
bernies asks
"there anything that guys can point out as a good work by the goverment?"
Positive thing:
If they ever solve the energy crisis, and if they ever get the METRO running, you will be able to pick up you drugs in Villa Mella very quickly from La Feria. The price of the drugs will go down since the transportation cost for delivery and pick up will be subsidized via the METRO pass!
Eh, Palante que Vamos en La Narco-Republica del PLD y Lie-onel!
Written by: josean, 11 Sep 2008 4:54 PM
From: United States
bernie,
Another tidbit of positive news from METROLANDIA and Lie-onel the education president:
Source DR1
School inefficiencies
During 2007, public school students lost at least an hour of class time. Class time was lost to teachers arriving late, teachers changing classrooms, time for singing the National Anthem, recess and school breakfast. The morning shift received 2:59 minutes on average, while evening shift students received 2:20 minutes of instruction time. The findings are reported in a recent Gallup poll sponsored by Action for Education (Educa). The study also reveals that little has changed since 2005 when a study showed that below-average teaching methods prevailed in Dominican schools. A total of 1,217 teachers, 794 students and 320 principals were polled.
Pa'lante Presidente!
Written by: santanar, 11 Sep 2008 5:56 PM
From: Dominican Republic, Ramon Santana
This is great news for the country and if we link this news to the "Foreign Policy" magazine "fail State report " that in 2006 had the country as a fail state (#10) and this year is in the column of stable nation (#67), and the "Economist" that predict and annual growth of 5%, so folks don't pay attention to the doom and gloom that like to put our country down.
Written by: arkatype 
, 11 Sep 2008 6:03 PM
From: Dominican Republic
Josean as long as we are not a s***hole like Haiti, we are doing very fine. Better then many country's in the region, despite our short-comings. So keep on hating haitian!
Written by: santanar, 11 Sep 2008 6:04 PM
From: Dominican Republic, Ramon Santana
This is great news for the country and if we link this news to the "Foreign Policy" magazine "fail State report " that in 2006 had the country as a fail state (#10) and this year is in the column of stable nation (#67), and the "Economist" that predict and annual growth of 5%, so folks don't pay attention to the doom and gloom that like to put our country down.
Written by: arkatype , 11 Sep 2008 6:06 PM
From: Dominican Republic
Haiti is the barometer of the worst as relating to poverty worldwide, if you are doing worst then Haiti then you are no longer a nation or country. You are outside the bounds of civilization LOL.
Written by: Juango, 11 Sep 2008 9:05 PM
From: United States, far S. Florida (formerly Santo Domingo)
From: United States, Port Washington, LI (New York)
Arcatype:
Welcome to the PLD Dominican "Haitianisation"....................Leonel loves Haiti and will continue to push and obligate the for Haitians issue, asking for his brothers and sisters to take over the island being just one, Pure putrid, full of diseases and poverty.
Damn PLD pushing to destroy our constitution....................
We must star a second independence against the current corrupted and weak goverment..........
From: United States
yes the economy is great.........for yoleros.
Written by: josean, 12 Sep 2008 7:49 AM
From: United States
"Written by: marinos90209, 11 Sep 2008 11:26 PM
From: United States
yes the economy is great.........for yoleros."
As well as for the PLD chiefs with the high paying now show do nothing jobs!
Written by: Euromax , 12 Sep 2008 4:46 PM
From: Dominican Republic, Bonao, provincia M.N
wow! to much negativity in here, it looks like many people here haven't being for a while in Dominican Repulic, specially Santo Domingo the capital, and seeing all the progress and improvmnet! :b lack of knowledge to much ignorance.. Dominican Republic is going forward baby!
Written by: josean, 12 Sep 2008 6:13 PM
From: United States
From: United States
Euromax has a head? where does he keep it? and, pray tell, is there anything inside it? Josean, you have been away too long, so you keep throwing pearls of wisdom before swine. you might counsel Euromax to change the brand of shoe polish he uses in his daily rounds as limpiabota. the chemical fumes are impairing his solitary brain cell.
Written by: Rainman, 13 Sep 2008 12:36 PM
From: United States
There is nothing easy about doing business in the Dominican Republic. The corruption is generalized at all levels and accepted. Foreing investors are seen as cash cows to be taken advantage of whenever possible using a malfunctioning system
Written by: josean, 13 Sep 2008 12:46 PM
From: United States
Rainman,
Becareful, telling the truth on this site will earn you the rath of the Hipoliphobics!
Written by: BASTA, 14 Sep 2008 9:17 AM
From: Dominican Republic, =Ghetto/Legalize Drugs
That may be the case but you know if the idots vote in the PRD and the other idiots who vote PLD = 97% idiots!
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"Easier to do business in the Dominican Republic"
Especially for narcos!
Especially for narcos!
oooo
"We have a little business problem; so, we want hit 5 or 6 people," the dope man says.
"No problem. Hit as many as you want. It easy to be business here."
And they are proud of that?
oooo
Before the hurricanes, the agricultural base in the DR was fairly well managed. I would say third in the region behind Brazil and Argentina. [Although Argentina have had difficulties in that sector of late.]
That may be the case but you know if the idots vote in the PRD again then it is back to the same old larceny.
BTW 97th is pathetic. That is why I don't do business "IN" the D.R. anymore.
"there anything that guys can point out as a good work by the goverment?"
Positive thing:
If they ever solve the energy crisis, and if they ever get the METRO running, you will be able to pick up you drugs in Villa Mella very quickly from La Feria. The price of the drugs will go down since the transportation cost for delivery and pick up will be subsidized via the METRO pass!
Eh, Palante que Vamos en La Narco-Republica del PLD y Lie-onel!
Another tidbit of positive news from METROLANDIA and Lie-onel the education president:
Source DR1
School inefficiencies
During 2007, public school students lost at least an hour of class time. Class time was lost to teachers arriving late, teachers changing classrooms, time for singing the National Anthem, recess and school breakfast. The morning shift received 2:59 minutes on average, while evening shift students received 2:20 minutes of instruction time. The findings are reported in a recent Gallup poll sponsored by Action for Education (Educa). The study also reveals that little has changed since 2005 when a study showed that below-average teaching methods prevailed in Dominican schools. A total of 1,217 teachers, 794 students and 320 principals were polled.
Pa'lante Presidente!
http://www.noticias24.com/actualidad/?p=17496
Will this have any affect on the DR? Petrocaribe?
Welcome to the PLD Dominican "Haitianisation"....................Leonel loves Haiti and will continue to push and obligate the for Haitians issue, asking for his brothers and sisters to take over the island being just one, Pure putrid, full of diseases and poverty.
Damn PLD pushing to destroy our constitution....................
We must star a second independence against the current corrupted and weak goverment..........
From: United States
yes the economy is great.........for yoleros."
As well as for the PLD chiefs with the high paying now show do nothing jobs!
Negativity or empirical reality? Check these news stories out:
Source DR1
Daily News - Friday, 12 September 2008
http://dr1.com/#5
http://dr1.com/#6
http://dr1.com/#7
Or you can keep your head in the sand!
Becareful, telling the truth on this site will earn you the rath of the Hipoliphobics!