Outdoor Cabinets and Enclosure Future-proof Strategies: Trends
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4 FAQs about Santo domingo long-term trading conditions for modular outdoor cabinets
How can US exporters enter the Dominican market?
US exporters can enter the Dominican market through several methods. They can use a locally-appointed distributor, a wholly owned subsidiary, a joint venture partner, or Dominican importers and wholesalers who also own retail outlets. The subsidiary and joint venture mechanisms have been enhanced through Foreign Investment Law (No. 16-95).
What services does the US Embassy in Santo Domingo offer?
The Commercial Service of the US Embassy in Santo Domingo offers several cost-effective programs to help businesses identify an appropriate trading partner in the country.
Is franchising a good idea in the Dominican Republic?
Franchising is a successful concept in the Dominican Republic with a long history. Early ventures into the Dominican market in the 1970s by Kentucky Fried Chicken and Howard Johnson's Ice Cream faced initial challenges, but the concept eventually gained traction.
What is the Dominican agent/distributor law?
U.S. exporters should be aware of the Dominican Agent/Distributor Law (Law 173, implemented in April 1966), which was designed to protect Dominican citizens who work as agents or distributors for foreign companies.
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Dominican Republic
Establishing An OfficeFranchisingDirect MarketingJoint Ventures/LicensingExpress DeliveryDue DiligenceThere is considerable joint venture/licensing activity in Dominican Republic, including both manufacturing and services. The Foreign Investment Law (16-95) provides opportunities in this area. Before negotiating a joint venture or licensing partnership, legal counsel should be consulted to minimize potential conflicts, unexpected taxes, withholding...See more on trade.govmetastatinsight
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