NewsWhore
04-23-2009, 06:30 PM
The Dominican Republic has been singled out as one of ten nations that has pushed through the greatest number of reforms in 2008 in order to create a better climate for investments and business, according to the indicators reported by the International Financial Corporation, an affiliate of the World Bank. Economic, Planning and Development Minister Temistocles Montas received the recognition for the countryin Vienna, Austria on Wednesday. Montas listed the institutional reforms and economic policies put into place by the Fernandez administration. At the event, he warned nevertheless, that despite the recognition "we are not yet a country with the best policies." He assured his audience that "we are learning, adapting and adopting these good practices". Montas said that the recognition "that distinguished us as one of the countries that has best reformed its business practices encourages the country to continue doing its homework to convert the Dominican Republic into a competitive space for businesses."
Among the practices that Montas mentioned was the reduction of the timeframe needed for registering a business, which he said was reduced from 107 days to 60 days, a 44% reduction. He also mentioned important changes in the payment of taxes, customs clearances, and trans-border business.
More... (http://www.dr1.com/index.html#2)
Among the practices that Montas mentioned was the reduction of the timeframe needed for registering a business, which he said was reduced from 107 days to 60 days, a 44% reduction. He also mentioned important changes in the payment of taxes, customs clearances, and trans-border business.
More... (http://www.dr1.com/index.html#2)