About Dominican Republic

The Dominican Republic is a Caribbean nation that shares the island of Hispaniola with Haiti to the west. It’s known for its beaches, resorts and golfing. Its terrain comprises rainforest, savannah and highlands, including Pico Duarte, the Caribbean’s tallest mountain. Capital city Santo Domingo has Spanish landmarks like the Gothic Catedral Primada de America dating back 5 centuries in its Zona Colonial district.

Country Name: Dominican Republic
Region: Caribbean
Capital: Santo Domingo
Official Language: Spanish
Currency: Dominican peso (DOP)
Population: (update to current data)
Time Zone: Atlantic Standard Time (AST)
Major Cities: Santo Domingo, Santiago, San Pedro de Macorís, La Romana, San Cristóbal

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Trade Overview:

The Dominican Republic has the largest economy in the Caribbean and Central American region. Its economy is largely dependent on services, but is also driven by agriculture and mining.

Major Imports: Refined petroleum, cars, packaged medicaments, crude petroleum, broadcasting equipment

Major Exports: Gold, medical instruments, low-voltage protection equipment, rolled tobacco, bananas


Import/Export Regulations:

The Dominican Republic has a relatively liberal trade policy, but some goods may require specific permits or licenses.


Trade Agreements:

The Dominican Republic is part of the Dominican Republic-Central America Free Trade Agreement (CAFTA-DR) with the United States.


Business Culture:

The business culture in the Dominican Republic is formal and based on personal relationships. Meetings often start with informal small talk.


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