Dominican Republic - Ease of doing business

New business density (new registrations per 1,000 people ages 15-64)

New business density (new registrations per 1,000 people ages 15-64) in Dominican Republic was 1.48 as of 2018. Its highest value over the past 7 years was 1.48 in 2018, while its lowest value was 0.52 in 2011.

Definition: New businesses registered are the number of new limited liability corporations registered in the calendar year.

Source: World Bank's Entrepreneurship Survey and database (http://www.doingbusiness.org/data/exploretopics/entrepreneurship).

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Year Value
2011 0.52
2012 1.13
2013 1.26
2014 1.23
2015 1.26
2016 1.39
2017 1.41
2018 1.48

Time to obtain an electrical connection (days)

Definition: The average wait, in days, experienced to obtain an electrical connection from the day an establishment applies for it to the day it receives the service.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 24.10
2016 16.70

Power outages in firms in a typical month (number)

Definition: Power outages are the average number of power outages that establishments experience in a typical month.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 17.70
2016 7.40

Firms experiencing electrical outages (% of firms)

Definition: Percent of firms experiencing electrical outages during the previous fiscal year.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 70.50
2016 54.10

Time required to get electricity (days)

The value for Time required to get electricity (days) in Dominican Republic was 67.00 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 82.00 in 2015 and a minimum value of 67.00 in 2016.

Definition: Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

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Year Value
2009 82.00
2010 82.00
2011 82.00
2012 82.00
2013 82.00
2014 82.00
2015 82.00
2016 67.00
2017 67.00
2018 67.00
2019 67.00

Firms that do not report all sales for tax purposes (% of firms)

Definition: Firms that do not report all sales for tax purposes are the percentage of firms that expressed that a typical firm reports less than 100 percent of sales for tax purposes; such firms are termed "informal firms."

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2005 73.63

Firms visited or required meetings with tax officials (% of firms)

Definition: Percent of firms that were visited or required to meet with tax officials.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 28.70
2016 20.30

Firms that spend on R&D (% of firms)

Definition: Percent of firms that spend on research and development.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 27.30
2016 5.70

Firms experiencing losses due to theft and vandalism (% of firms)

Definition: Percent of firms experiencing losses due to theft, robbery, vandalism or arson that occurred on the establishment's premises.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 26.90
2016 16.70

Firms expected to give gifts in meetings with tax officials (% of firms)

Definition: Firms expected to give gifts in meetings with tax officials is the percentage of firms that answered positively to the question "was a gift or informal payment expected or requested during a meeting with tax officials?"

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 15.30
2016 11.90

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Dominican Republic was 18.60 as of 2019. Its highest value over the past 14 years was 18.60 in 2019, while its lowest value was 8.50 in 2005.

Definition: Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

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Year Value
2005 8.50
2006 8.90
2007 9.50
2008 13.40
2009 17.80
2010 18.30
2011 18.60
2012 18.60
2013 18.60
2014 18.60
2015 18.60
2016 18.60
2017 18.60
2018 18.60
2019 18.60

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Dominican Republic was 1.10 as of 2019. Its highest value over the past 14 years was 1.60 in 2006, while its lowest value was 1.10 in 2007.

Definition: Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 1.60
2006 1.60
2007 1.10
2008 1.10
2009 1.10
2010 1.10
2011 1.10
2012 1.20
2013 1.10
2014 1.10
2015 1.10
2016 1.10
2017 1.10
2018 1.10
2019 1.10

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Dominican Republic was 29.10 as of 2019. Its highest value over the past 14 years was 29.10 in 2019, while its lowest value was 19.50 in 2009.

Definition: Profit tax is the amount of taxes on profits paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 25.40
2006 25.30
2007 28.90
2008 20.60
2009 19.50
2010 20.70
2011 21.50
2012 23.70
2013 23.70
2014 23.70
2015 23.70
2016 22.60
2017 29.10
2018 29.10
2019 29.10

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment