Free Zones are geographic areas of the country under special customs and fiscal controls, in which the installation of companies whose output or services are destined to foreign markets is permitted, through the granting of the necessary incentives to encourage their development.
Article 1- The purpose of the present law is to stimulate the establishment of new Free Zones and the growth of the existing ones by regulating their operation in such a way as to achieve goals consistent with national interest, through the concerted action of the public and private sectors.
Article 2- A Free Zone is defined as a geographic area of the country under special customs and tax controls, as set forth in this law, in which enterprises will be licensed to devote their production of goods or services to foreign markets through the granting of incentives to stimulate their development.
Article 3- The Free Zones shall be clearly staked-out areas surrounded by impassable fences or wall, so that the movement of persons, vehicles, and cargo is done exclusively through gates which are supervised and controlled by personnel of the Customs Department.
Article 4- The benefits of this law are available to any physical or legal person who contributes to the development of the country by increasing production, generating employment, and increasing the supply of foreign currency. http://cnzfe.gob.do/en/images/docs/marco_legal/LAW890.pdf
The purpose of the CNZFE or National Free Zones Council is to stimulate the growth and development of free zones in the Dominican Republic, outlining the policies to guarantee the maintenance of levels of productivity and competitiveness of the companies established.
Its commitment that policies for promotion and development are oriented to improve the climate of business of the sector, contributing with the fortification, diversification and attraction of new investments.
- DR-CAFTA : USA, Dominican Republic and Central America Free Trade Agreement.
- EPA : Between EU and African, Caribbean and Pacific (ACP) partners engaged in regional economic integration processes.
- CARICOM : Caribbean Community Market, to promote economic integration and cooperation among its members, to ensure that the benefits of integration are equitably shared, and to coordinate foreign policy.