The Export and Investment Center of the Dominican Republic (ProDominicana) and the Coordination Council of the Special Border Development Zone (CCDF) signed a interinstitutional cooperation agreement in which they commit to unify efforts to promote the digital system Single Window for Investment in the border area from the Dominican Republic.
The executive director of ProDominicana, Biviana Riveiro Disla, indicated that this agreement aims to promote the increase in private investment in the border area of the country.
He also assured that this agency will be responsible for manage and operate the Single Investment Windowin accordance with the function manuals, operating regulations and instructions approved by the Presidential Commission of the VUIRD.
“This agreement that we signed today with the CCDF reaffirms the commitment that we have assumed before the management of President Luis Abinader to promote foreign investment in the country’s border area, offering investors a centralized point of provision of the services and procedures necessary for make any type of investment”, reiterated the executive director.
Foreign Investment in the Dominican Republic accumulated US$3,9957.7 million during the 2022 period, for an interannual growth of 27.6% compared to the same period in 2021.
The executive director of the CCDF, Erodis Díaz, expressed the commitment that the CCDF has to support and promote the installation of companies in the Border Zone and provide its users with an efficient and quality service, contributing through the signing of this agreement to the successful implementation of the Single Investment Window that allows speeding up and facilitating procedures to guarantee the increase in private investment in the Dominican Republic.
Diaz pointed out that this agreement will benefit the council regarding the issuance of necessary authorizations, licenses, permits or certifications so that the investor can adequately carry out his installation or expansion process in the area.
The CCDF undertakes to simplify its processes and reduce the times already established, seeking a constant improvement in the services it offers and to issue the corresponding environmental authorization within the period established by type, keeping the guide of services offered to investors in accordance with the format established by ProDominicana, where it will specify details of services, current status and interdependence of these, and other vital information for the management of services.