DR will boost tourism investment with the launch of the ‘One-Stop Shop’.
Riveiro: ”With the tourism industry as a spearhead, the DR “has the doors open to investment and that is the main message that the country is disseminating at the international level”.
Tourism, the economic engine of the Dominican Republic, will strengthen its foreign exchange earnings with the launch, in early October, of the ‘One-Stop Investment Shop’, an initiative that will streamline procedures and is part of the Zero Bureaucracy plan to be implemented by the government.
With the tourism industry as a spearhead, the DR “has the doors open to investment and that is the main message that the country is disseminating internationally,” said the director of the Dominican Republic Export and Investment Center (ProDominicana), Biviana Riveiro.
In addition to the tourism sector, the One-Stop Investment Window will focus on promoting telecommunications, infrastructure and energy, with the aim of contributing to the increase of exports and investments in favor of the Dominican economy, according to local press.
The head of ProDominicana highlighted the importance of the Single Window for Investment in the Dominican Republic, with which the country is on track to lead the region by 2030 and be one of the most competitive countries in the world in the next 20 years.
He also highlighted the importance for the Dominican Republic of hosting the V Congress of the Business Alliance for Ibero-America (CEAPI), under the title “Innovation and opportunities in times of uncertainty”, an event chaired by Felipe Vicini, executive president of INICIA, and inaugurated by the President of the Republic, Luis Abinader.
The One-Stop Investment Window aims to streamline the processes of domestic and foreign investments that have the purpose of developing operations in the different productive sectors of goods and services in the country, so that the investor has a single point of contact, more efficient with less bureaucracy.
It is recalled that last Friday, President Abinader headed a meeting of the Council of Government where, among other topics, foreign investment in the country, permitting for private investment projects and the Zero Bureaucracy project, which will be launched in the first days of October and which will begin to carry out more than 240 processes, which can be carried out for greater efficiency and with a higher level of transparency.