Tourism Attracted 21.8% of overall foreign investment to the DR

The tourism sector (hotels, real estate and other industry-related sectors) accounted for 21.8% of direct foreign investment to the Dominican Republic in the last six years.

The Export and Investment Center of the Dominican Republic reported that during the 2006-2011 the country received more than US$12 billion in foreign investment, of which US$2.6 billion went into the tourism industry, as well as the commercial, industrial, mining and telecommunications sectors.

US investment represented US$2.9 billion, representing a 24.2% share of the investment.  Canada ranked second, with an investment of US$2.1 billion, followed by Spain, US$1.8 billion.

The Dominican Republic, through its Law 158-01, regarding the development of tourism, offers important incentives for the development of underdeveloped regions with great tourism potential.  The law provides tax exemptions for a 10-year period.

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