The Executive Director of the Export and Investment Center of the Dominican Republic (ProDominicana), Biviana Riveriro Disla, highlighted the launch of innovative digital tools to facilitate and boost investment in the country.
During the event entitled “Innovative Instruments in Favor of Investment”, the One-Stop Window (or Single Window) designed to reduce the time of services and procedures necessary for investments in the country was put into service, in addition to the digital guide for investment (Iguide) designed by the United Nations Conference on Trade and Development (UNCTAD).
The One-Stop Window for Investment (VUI), which is part of the Zero Bureaucracy Program, is a digital platform where the services and procedures needed to process a new investment in the Dominican Republic are connected.
The aim is to streamline the paperwork for investments in the different productive sectors, so that the investor has a single more efficient point of contact and with less bureaucracy.
iGuide is a digital guide for investors, designed by UNCTAD and the International Chamber of Commerce, that allows investors to access information on costs, opportunities and trading conditions in nations.
Ian Richards, an economist at UNCTAD, said that “this digital investment guide, together with the One-Stop Window for Investment, being launched simultaneously,” place ProDominicana at the forefront of digital investment facilitation.
“Investors can now understand how to invest in the Dominican Republic, set up their company and secure important permits, all from the comfort and convenience of their electronic devices,” he said.
“We will make all necessary efforts to try to optimize institutions and legal security as inducements for attracting investment and maximizing benefits for Foreign Direct Investment in the country.”
The One-Stop Window Investment System includes institutions linked to the processes and offers the chance to carry out more than 25 procedures. It places the country ahead of other countries in the Latin American region in terms of the number of sectors incorporated and the number of procedures and institutions involved. With this tool, the Dominican Republic is on track to being one of the most competitive countries over the next 20 years.
José Quiroz, founder and managing partner of Quiroz Advisors-QA LEGAL, presented the iGuide platform as a digital tool to those present. Likewise, the director of Strategic Innovation of ProDominicana, Edgar Espinal, presented the VUIRD system, which consolidates the permit applications and certifications associated with Foreign Direct Investment for the productive sectors of our country into a single access channel.
“At ProDominicana, we have the firm commitment to coordinate and manage permit, license and certification application procedures with the corresponding government entities and establishing the appropriate channels for attracting FDI to the country in accordance with decree 626-12 that set up the Single Window for Investment,” said Riveiro Disla.
Source:
Resumen Turismo
