Entries by Steffi Fondeur

With Caucedo, DR on way to being logistics hub

The implementation of Decree 262-15 that creates logistics centers and their customs regime will bring a genuine revolution in international trade and a significant drop in costs for industries, said the president of the newly created Dominican Association of Logistic Centers and Operators (Asologi). Asologi president Salvador Figueroa Sanchez and directors Teddy Heinsen, Gustavo Tavares and […]

Getting Dominican documents abroad now easier

From the 20 October 2015, descendants of Dominicans born overseas can become Dominican nationals without coming to the country. The measure, as agreed by the Central Electoral Board (JCE) establishes that wherever Dominicans live they can also obtain birth, marriage, divorce and death certificates as well as a National Identity Card (Cedula). The announcement states that […]

Chambers ranks Guzmán Ariza in Real Estate & Tourism

Chambers and Partners Latin America 2016 ranked Guzmán Ariza law firm in Real Estate and  Tourism, and Dr. Christoph Sieger, partner of the firm, was recognized as a recommended attorney in the area. The guide highlighted that Guzmán Ariza lawyers “are very reliable and competent. They have excellent knowledge of the market, always handle lots of […]

Travel up 9.7% in August 2015

Non-resident air arrivals to the Dominican Republic are now up 7.9% from January to August 2015, which promises to be a bumper year for tourism in the Dominican Republic. After a record 10.4% in arrivals in July, August turned in another strong month with 9.7%, according to statistics compiled by the Central Bank. In August […]

Christoph Sieger and Fabio Guzmán Saladín head the new board of directors of the Dominican-German Chamber of Commerce

During a special event, the Dominican-German Chamber of Commerce announced their new board of the directors in which Christoph Sieger, partner at Guzmán Ariza law firm, and Fabio Guzmán Saladín, General Manager at Editora Judicial, were elected as president and vicepresident, respectively. Changes in the board of directors were revealed in a special statement sent […]

Legal 500 ranks Guzmán Ariza as a top tier firm

The Legal 500 Latin America 2015 survey, for two consecutive years, ranked Guzmán Ariza as a Top Tier Firm in real estate and tourism in the Dominican Republic, and has chosen name partner Fabio Guzmán Ariza as a “Leading Lawyer” in the field. The firm also received recommendations in Corporate and Finance and Dispute Resolution. Twelve […]

Boom year for Dominican tourism

Central Bank Governor, Hector Valdez Albizu, said that July 2015 was a record month for non-resident travel to the Dominican Republic. A record of 568,323 visitors, including foreigners and non-resident Dominicans (10.4% annual growth) arrived in the country in July 2015. Travel in August 2015 is also showing a strong increase of 9.7%. Based on […]

Central Bank: economy shows 7.5% growth

Central Bank governor, Hector Valdez Albizu, said that the economy showed economic growth of 7.5% in July despite the significant 10.6% fall in the growth of exports, compared to last year. Valdez highlighted the 6.5% accumulated growth of GDP for January-July, low accumulated inflation of 1.17%, an US$18 million surplus in the government Current Account, […]

More companies in industrial free zones

The Ministry of Industry and Commerce has announced that the National Export Free Zones Council (CNZFE) has approved 12 new companies in the free zones and the establishment of another free zone park. According to a press release, in order to set up a free zone company these new companies have made an investment of […]

Imports up 2.7% in first half 2015

Dominican imports reached a record US$8.47 billion in the first half of the year. This is 2.7% more than last year, according to statistics released by the National Statistics Office (ONE). Dominicans purchased US$358.4 million in vehicles, that is 33.3% more than in 2014. Pharmaceutical purchases were also up 15.8% totaling US$233.2 million. The country spent […]