NewsWhore
09-08-2006, 04:10 PM
The World Bank expects the DR to improve considerably in the world rankings for Doing Business in 2008. In a press release, the World Bank points out that presidential decrees enacted over the last six weeks will significantly reduce the cost of doing business in the DR.
Decree No. 244/06 from 9 June 2006 was passed on 28 July 2006, paving the way for establishing a one-stop shop for setting up a new business. Decree 326/06 was passed on 12 August 2006, modifying the deadline for obtaining a certificate of name registration from 45 days, as prescribed by Law 20-00, to five days.
The Dominican Republic was listed in 117th place in the Doing Business Report for 2007, based on data from 175 countries through April 2006, and is limited to reforms effective between 1 January 2005 and 31 March 2006.
The World Bank states in a press release that as a result of this the above two decrees were omitted from the 2007 report. These two reforms and other expected advances will be included in the next Doing Business Report 2008. Moving up in the ranking takes a sustained implementation effort: Countries have jumped up to 70 places in the rankings after a sustained effort over 2-3 years, the institution points out.
"These are concrete and important actions and a clear testimony of the high priority the Dominican authorities assign to increasing competitiveness," said Caroline Anstey, the World Bank's Country Director for the Caribbean. "Reducing the cost of doing business is a crucial element of growth and poverty reduction and one that will continue to require priority attention going forward. The World Bank stands ready to work with the government on this important agenda."
See http://www.doingbusiness.org/ExploreEconomies/?economyid=59
More... (http://www.dr1.com/index.html#7)
Decree No. 244/06 from 9 June 2006 was passed on 28 July 2006, paving the way for establishing a one-stop shop for setting up a new business. Decree 326/06 was passed on 12 August 2006, modifying the deadline for obtaining a certificate of name registration from 45 days, as prescribed by Law 20-00, to five days.
The Dominican Republic was listed in 117th place in the Doing Business Report for 2007, based on data from 175 countries through April 2006, and is limited to reforms effective between 1 January 2005 and 31 March 2006.
The World Bank states in a press release that as a result of this the above two decrees were omitted from the 2007 report. These two reforms and other expected advances will be included in the next Doing Business Report 2008. Moving up in the ranking takes a sustained implementation effort: Countries have jumped up to 70 places in the rankings after a sustained effort over 2-3 years, the institution points out.
"These are concrete and important actions and a clear testimony of the high priority the Dominican authorities assign to increasing competitiveness," said Caroline Anstey, the World Bank's Country Director for the Caribbean. "Reducing the cost of doing business is a crucial element of growth and poverty reduction and one that will continue to require priority attention going forward. The World Bank stands ready to work with the government on this important agenda."
See http://www.doingbusiness.org/ExploreEconomies/?economyid=59
More... (http://www.dr1.com/index.html#7)