Entries by Steffi Fondeur

Puerto Plata gets tourism boost

Deputy Minister of Tourism for Puerto Plata, Julio Almonte, is forecasting that the northern province will receive almost 1.3 million tourists in 2016. He estimates that 500,000 will arrive by air, another 350,000 on board cruise ships arriving at the new Amber Cove Cruise Center, while 400,000 will arrive overland, including foreign and domestic tourists. [December […]

TC annuls new Penal Code

The Constitutional Tribunal issued a ruling that annuls the recently passed Penal Code of the Dominican Republic and orders the restitution of the previous code that dates back to 1884. The decision annuls articles 107, 108, 109 and 110 of the Law 550 n 14 that had authorized selective abortion, the responsibilities and penal issues […]

Free zone exports up 5% in Jan-Sept 2015

Free zone manufacturing companies are reporting a 5% increase from January to September of this year compared to 2014. Exports for the period totaled US$4.11 billion, compared to US$3.92 billion in 2014. National Council of Free Zones executive director Luisa Fernandez Duran says that the growth was due to increases in exports of cacao beans (20.9%), […]

New Environmental and Business department

Guzmán Ariza law firm created an environmental and business department that will offer sustainable business consulting, environmental permits, environmental impact studies, structuring and implementation of green projects, corporate social responsibility, environmental litigation and environmental education. This unit will be head by Giselle Pérez Reyes and will closely work with the corporate, real estate and business […]

Move to refund ITBIS to tourists

The National Hotels and Tourism Association (Asonahores) is calling on Congress to approve a proposal to allow tourists to reclaim the sales tax (ITBIS) on goods purchased in the country. Asonahores vice president Ventura Serra said that Santo Domingo has an impressive selection of malls and it would be an added benefit if a tourist […]

Punta Cana may reach 3 million visitors in 2015

The president of the Hotels & Tourism Projects Association in the East, Ernesto Veloz, has predicted that for the first time, Punta Cana will have hosted three million visitors by year’s end. Veloz is forecasting that this will be one of the best seasons of the past 10 years with an approximate 10% growth rate this […]

Guzmán Ariza launches new book

Guzmán Ariza Attorneys at Law presented on Tuesday 24 of November the launching of the book Repertorio de la jurisprudencia civil, comercial e inmobiliaria de la República Dominicana (2001-2014), written by managing partner Fabio J. Guzmán Ariza. The event was held at the National Library of the Dominican Republic with the presence of prominent personalities […]

President inaugurates Amber Cove

On Monday, 2 November 2015, President Danilo Medina inaugurated the new cruise port of Amber Cove in Maimon Bay, Puerto Plata. Amber Cove will generate more than 430 direct jobs in its first year of operation and it is expected that more than 300,000 cruise passengers will arrive at the port and the number of direct […]

Gasoline stations form association

Petrol companies are now associated in the new Sociedad de Empresas de Combustibles y Derivados (SEC). The founding companies of the business association are GB Energy (Texaco), Sol Petroleum (Esso), Sunix, Isla and V Energy (Shell). They committed to work together to provide high quality services to consumers. The first president is Mauricio Salazar who […]

Shopping sector grows 18% a year

A recent Deloitte Consulting study presented by the National Organization of Shopping Centers (ONEC) shows that the commercial sector has the largest share of the services subsectors in the Dominican economy. Over the past eight years, the sector has had an 18% annual average growth. In 2015, trade represented 9.5% of the GDP. Total sales were […]