The Dominican Republic: Geography, Economy, and Culture

The Dominican Republic is a Caribbean nation which shares the island of Hispaniola with Haiti. Its many beaches and hotels make it a popular holiday destination attracting many tourists from all over the world. Punta Cana, a region on the eastern part of the country, has many beautiful beaches, resorts, and golf courses. The main language spoken in the country is Spanish but with various regional dialects also in use, such as Dominican Spanish. The Dominican Republic has a diverse culture with a rich history. Dominicans place high value on social etiquette and their public image as a way to project their confidence and place in society. The people are friendly, polite and highly respectful to visitors, while going out of their way to cater to the needs of non-locals.

2021
April 2Good Friday
May 1Labor Day
June 3Corpus Christi
August 16Restoration Day
September 24Our Lady of Las Mercedes
November 6Constitution Day
December 25Christmas Day
  • C. por A. (Compañía por Acciones)
  • S.A. (Sociedad Anónima)
  • S.A.S (Sociedad Anónima Simplificada)
  • SRL. (Sociedad de Resposabilidad Limitada
  • EIRL. (Empresa Individual de Responsabilidad Limitada)
  • Sociedad En Comandita Simple
  • Corporate Tax: 27%
  • Income Tax (Lowest Marginal Rate): 0%
  • Income Tax (Highest Marginal Rate): 25%
  • VAT/GST/Sales Tax: 18%
  • Banco del Progreso  (Local Bank)
  • Banco Popular Dominicano (Commercial Bank)
  • Banco BHD Leon (Merged from Banco BHD and Banco Leon) (Commercial Bank)
  • Banco del Progreso (Commercial Bank)
  • Banco Santa Cruz (Commercial Bank)
  • Banco Caribe (Commercial Bank)
  • Banco BDI (Commercial Bank)
  • Banco Vimenca (Commercial Bank)
  • Banco Lopez de Haro (Commercial Bank)
  • Bancamérica (Commercial Bank)
  • Banco Atlántico (Commercial Bank)
  • Banco Federal (Commercial Bank)
  • FirstCaribbean International Bank (FCIB) (Foreign Bank)
  • The Bank of Nova Scotia (SCOTIABANK) (Foreign Bank)
  • Royal Bank of Canada (RBC) (Foreign Bank)
  • Banesco (Foreign Bank)
  • Scotiabank (Foreign Bank)
  • Banco Promerica (Foreign Bank)

Aadmi can support you with your expansion to Dominican Republic. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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