Articles from MICM

SANTO DOMINGO, Dominican Republic, Aug. 15, 2025 (GLOBE NEWSWIRE) -- On August 12, the Dominican Republic celebrated Día Nacional de las Zonas Francas (Free Zones Day) with an event attended by President Luis Abinader and Minister of Industry, Commerce and MSMEs (MICM), Víctor Bisonó, reaffirming the government’s strong commitment to the free zones sector as a driver of exports, jobs, innovation and economic growth. A key highlight was the presentation by Ian Steff, president and CEO of mySilicon Compass and former U.S. Under Secretary of Commerce, who unveiled ENFIS1 (“Estrategia Nacional de Fomento a la Industria de Semiconductores”), the Dominican Republic’s strategy to position itself in the global semiconductor value chain. “The Dominican Republic is ready for the next step” Steff stated after reviewing the strategy´s highlights.

SANTO DOMINGO, Dominican Republic, Aug. 08, 2025 (GLOBE NEWSWIRE) -- On Tuesday, August 12th, the Dominican Republic is celebrating the National Free Zone's Day with a high-level event organized by the Ministry of Industry, Commerce and MSMEs (MICM), in collaboration with the National Free Zones Council and the Dominican Association of Free Zones (ADOZONA). The event aims to commemorate the achievements of the free zone regime and to highlight the sector’s crucial economic and social contributions to the country.

WASHINGTON, March 27, 2025 (GLOBE NEWSWIRE) -- In a global context marked by increasing economic uncertainty and market volatility, the Dominican Republic is consolidating itself as a global benchmark for foreign investment, especially for companies seeking new destinations from which to operate to reduce costs, mitigate risks, and strengthen the resilience of their supply chains.

SANTO DOMINGO, Dominican Republic, Dec. 20, 2024 (GLOBE NEWSWIRE) -- The Dominican Republic continues to consolidate itself as a strategic destination for foreign investment, standing out for its highly skilled human talent, favorable business climate, and geographical proximity to the United States. These factors, combined with tax incentives and a modern free trade zone ecosystem, have turned the country into a magnet for important multinational companies.

SANTO DOMINGO, Dominican Republic, Sept. 12, 2024 (GLOBE NEWSWIRE) --  The global challenge of securing the right talent in the right place is one that nearly every company faces, especially since the pandemic. However, the Dominican Republic has emerged as a pleasant surprise for many international businesses operating there, particularly due to the quality of its local workforce. During a recent visit by David Lee of Keysight Technologies, Cesar Ozeta, Plant Manager of Vishay's facility in the Dominican Republic, emphasized this point, stating, "What impresses me most about this country is the availability and quality of human resources."

SANTO DOMINGO, Dominican Republic, July 05, 2024 (GLOBE NEWSWIRE) -- Aiming to become the main logistics hub in the region, the Dominican Republic is seeking a new space in its strategic development with the semiconductors industry. This ambition is backed by half a century of continued robust economic growth, social stability, and a vibrant democratic system.

SANTO DOMINGO, Dominican Republic, May 23, 2024 (GLOBE NEWSWIRE) -- The Ministry of Industry, Commerce, and MSMEs of the Dominican Republic (MICM) announced a significant Memorandum of Understanding (MOU) with Purdue University to propel the country's semiconductor industry and national development.

WASHINGTON, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The Dominican Republic is positioning itself as an investment destination for the global semiconductor and printed circuit board industries, particularly for the microchip assembly, testing, and packaging (ATP) sector.

SANTO DOMINGO, Dominican Republic, Dec. 20, 2023 (GLOBE NEWSWIRE) -- In a bold strategy that has revolutionized the international investment landscape, a growing number of free zone companies are making the Dominican Republic their top choice, relocating their businesses, as well as their production plants. The reason? An attractive fiscal framework, highlighted by the word "ZERO”: zero income taxes, zero duties, zero construction taxes. This robust tax exemption framework, under Law 8-90, grants complete exemptions, amounting to 100% for nearly all national and local taxes.

SANTO DOMINGO, Dominican Republic, Nov. 21, 2023 (GLOBE NEWSWIRE) -- The Dominican Republic, along with Mexico, is the primary supplier of electrical switches to the United States. The country continues to make efforts to attract investment in high-tech sectors, with a particular focus on semiconductors, focus on the Dominican Republic’s long-term vision to expand its economics horizons and develop to a regional innovation leader while maintaining its role as strategic ally of the United States.