Are there any incentives to tourist activities in the Dominican Republic?
The Dominican Tax Code provides that private investors wishing to participate in the tourist sector may obtain tax exemptions through the signature of special agreements with the Executive Power, upon authorization of the National Congress. Furthermore, tourist projects may be eligible to benefit from the credit facilities granted by international financing institutions such as the World Bank, the Inter American Development Bank and the European Investment Bank, tourism being one of the sectors considered to be important for the development of the national economy.
