---
title:  "Report and market research of the Province of Altagracia in the Dominican Republic" 
output: 
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    logo: C:\Users\Marcelo\Desktop\BD_REP_DOM\REI2.png
    source: embed
---

```{r setup, include=FALSE}
library(flexdashboard)
```

##  {data-width="650"}

# Mission of the Report {data-icon="fa-tag"}



<font size = 6>The purpose of this Report is to expose parameters of the province of Altagracia such as tourism, the hotel sector, tax benefits, tourist income, real estate projects, and generalities of the province, it also presents a study of the real estate market which exposes data from the land, apartments, tourist rental.Thanks to the information provided in this report, the user will be able to make decisions in small, medium and large real estate investments</font>


# Generalities 


<center>[***https://www.reicrowd.io/***](https://www.reicrowd.io/){.uri}</center>

### PUNTA CANA DOMINICAN REPUBLIC

Punta Cana is a world-renowned tourist destination, and the most important in the entire Dominican Republic.
Located in the easternmost extreme of the country, it is one of the towns of what is called "La Costa del Coco", a coastal extension made up of more than 30 kilometers of endless paradisiacal beaches, some of its beaches are "certified" by UNESCO As one of the 10 best beaches on the entire planet, you will find everything you have imagined of a paradisiacal beach.
With transparent sea waters at an ideal temperature for bathing, white sand beaches, huge coconut palms parading along the beaches, with a tropical climate typical of the Caribbean, ideal for enjoying the sea.
The whole area is known worldwide as "Punta Cana", but in reality it is not like that, since the Costa del Coco is divided into several towns and with beaches of different names.
For a Dominican, Punta Cana is nothing more than a small town in the extreme east, where there are only a few hotel buildings and no town at all.
But as we said, this entire tourist area is known worldwide by the name of Punta Cana.
In fact, the best hotel complexes are located on Bávaro beach or Arena Gorda beach and not on Punta Cana beach.
Source= All Punta Cana.
The province of La Altagracia has natural monuments, national parks and wildlife refuges that make it a splendid destination, like all those in the Dominican Republic.
At the end of 2020, more than 199,000 people visited these protected areas.
Of these visits, 96% were from foreigners and the rest from Dominican nationals.
Parque Nacional del Este Declared a protected area in 1975.
It covers a total territory of 719.9 km2, including Saona Island with its 110 km2 extension and maritime area.
Currently there are two towns: Mano Juan and Catuano.
The Parque Nacional del Este is home to one of the few compactly preserved tropical forests in the eastern region of the country.
In this forest there are various types of environments, ecosystems and habitats, which in turn foster great biological diversity.
The territory of the park is home to various manifestations of the ancient human occupations of the island.
They contain an infinity of caverns that collect manifestations of the pre-Hispanic inhabitants of the area through pictographs and petroglyphs.
It is the most visited protected area in the entire Dominican Republic.
Captured 40% of visits to protected areas in 2020.
Source: Protected areas of the Dominican Republic.

The province of La Altagracia has a great diversity of tourist attractions, from religious routes to hot air balloon rides, making this destination a versatile and innovative tourist place.
Routes • The religious Pilgrim's Route includes, among other points, visits to the Altagracia Museum and the Basilica.
• The Architectural Route with emphasis on the architectural theme, also has a religious and cultural component.
• The Ecotourism-Cultural Route includes a tour of the Altagracia Museum, the coffee and cocoa trails, horse ranches and places that highlight the ancient Taino presence: Rancho Atabeyra, the ceremonial plaza and the Throne of Atabeyra in the ecotourism municipality anamuya.
Caribe Golf Club Tourist Attractions • Zipline • Hot air balloon ride • Helicopter ride • Paragliding ride • Parachute ride • More than seven theme parks • Surf schools • More than four water parks • Scubadiving • Buggies • Charters Golf Courses • Cabeza de Toro Golf Club • Caribe Golf Club • Cocotal Golf & Country Club • Corales Golf Club • Hard Rock Golf Club At Cana Bay • Iberostar Bavaro Golf Club • La Cana Golf Club • Punta Blanca Golf Club • Punta Espada Golf Club • The Lakes Barcelo Golf Course The province of La Altagracia has more than 30 charming white sand beaches and clear turquoise blue waters sheltered by exotic palm and coconut trees.
Essential element to the development of the tourist pole by the hand of public and private investment.
These factors have influenced internationally recognized hotel chains to enter the country.
Source: Ministry of Tourism

<center>![](C:%5CUsers%5CMarcelo%5CDesktop%5CBD_REP_DOM%5CPunta%20Cana%5Cimagenes%5Cpais.jpeg){withd="400" height="400"}</center>

<center>![](C:%5CUsers%5CMarcelo%5CDesktop%5CBD_REP_DOM%5CPunta%20Cana%5Cimagenes%5Cprovincia.jpeg){withd="400" height="400"}</center>

# Economic Profile of the Province of Altagracia 



-----

 *The economic clusters of the province are divided into sectors, which are =*


**-Tourism.**

**-Agricultural.**

**-Logistic.**

**-Business Support.**

 *Emerging Cluster=*

**-Health services.**

**-Agroindustrial.**


The following section shows the weight of national and provincial employment of the clusters identified in La Altagracia, according to the National Census of Population and Housing 2010 and the National Survey of the Work Force 2010.

The tourism cluster maintains an average provincial share of 25.26% of employment.
According to the census, their main activities are hotels and beach tourism, which employ 26 thousand people, approximately.

The province of La Altagracia has among its main economic activities those of services logistics, especially those related to air passenger transport, which has a weight province of more than 7.58%, according to the census.

Among the economic activities of La Altagracia are also agricultural, that have a provincial weight of more than 6.13%, according to the census.

Among the economic activities of La Altagracia, the support services stand out to businesses with a participation of 2.49%, according to census data.
This cluster is a transversal sector to the economy of the province, which serves as support to the other sectors identified.

The cluster of health services in La Altagracia has a provincial weight of 1.39% according to the census, and 2.07% according to the ENFT.

The agro-industrial cluster in La Altagracia has a provincial weight of 3.89%, according to the cited census, and 0.95% according to the ENFT, the main activities within this cluster are linked to the production of food products and beverages, as well as dairy products.

## Column {data-width="350"}

# Investments destined to construction of tourist infrastructure 



La Altagracia consolidates 36.7% of the total investment directed to tourism between October 2020 and October 2022.
The province located in the Yuma region registers 49 hotel projects with 17,884 rooms valued at US\$1,156.7 million.

The arrival of visitors, the inflow of foreign currency, the attraction of investment and the generation of jobs are factors that position the travel and tourism sector as one of the pillars of the Dominican economy.

The most recent statistics from the Central Bank indicate that the tourism industry attracted foreign direct investment (FDI) for an amount of US\$497.1 million during January-June of this year, to occupy the first place among the sectors that attract the highest foreign capital registered.

With sustainable growth, FDI shows that the country consolidated an amount of 6,937 million between 2010 and 2021, with 2019 being the period with the highest amount reported with 994.2 million, 2021 with 961.8 million, 2020 with 954 million, 2018 with 854.2 million and 2016 for 790 million.
Meanwhile, the years 2017 and 2015 reported 704 million and 671.9 million, respectively.

# Tourist season dates 



***The Dominican Republic, being located in the Caribbean area, has a privileged climate which allows active tourism throughout the year, however we can divide it into 3 seasons.***

1- HIGH SEASON (From January to March) = Many travelers say that the high season is the best time to travel, because the region has a temperature that ranges from 29°C during the day and drops to 19°C at night.
In this period it is very unlikely that you will find heavy rains because the sky is almost always clear.

2- LOW SEASON (April to September) = The low season has two very important climatic periods in the Dominican Republic.
On the one hand, there is the transition from dry to humid weather between the months of April, May and June, to then start with the rainy season in Punta Cana starting in July.

3-MID SEASON (October to December)= For those who want to enjoy a pleasant climate during the end of the rainy season, we recommend visiting the region between the months of October to December.
Many visitors consider that the best time to travel to Punta Cana is when the rainy season ends.
Although it is still advisable to leave your accommodation with an umbrella, it is more unlikely to encounter some type of inclement weather while enjoying the beach or going on some type of excursion.

###

```{r}
library(flexdashboard)

gauge(100, min = 0.00, max = 100.00,label = "HIGH SEASON", symbol =  '%', gaugeSectors(success = c(80,90), warning = c(50,70), danger = c(1,49)))

gauge(40, min = 0.00, max = 100.00, label = "LOW SEASON",symbol =  '%', gaugeSectors(success = c(80,90), warning = c(50,70), danger = c(1,39)))

gauge(70, min = 0.00, max = 100.00, label = "MID SEASON",symbol = '%', gaugeSectors(success = c(80,90), warning = c(30,79), danger = c(1,39)))

```

# Beaches 


## Province

The province of La Altagracia is located at the eastern end of the Dominican Republic with approximately 170 kilometers of coastline.
It is bordered by the Caribbean Sea to the south, the Mona Channel to the east, and the Atlantic Ocean to the north.
This province has tens of kilometers of white sand beach located mainly in Bayahibe and Punta Cana Bávaro.
The Punta Cana Bávaro Cap Cana area has become the largest tourist area in the Dominican Republic with dozens of hotels, all-inclusive resorts, villas, residences, shopping centers, amusement parks.
Hundreds of thousands of local and foreign tourists come there for vacation.

###
```{r, echo = FALSE, warning=FALSE, cache=FALSE, message=FALSE }
library(leaflet) 
library(sf)
library(mapview)

playa <- st_read("playa.shp",quiet = TRUE )

mapView(playa,color = "red", lwd = 1,layer.name = "Beaches")
```



#  Tourism {data-navmenu="Tourism"} 


The Dominican Republic is the second largest and most diverse country in the Caribbean.
With direct flights from the main cities of Latin America, the United States, Canada and Europe, it is a country that stands out for the warmth of its climate and the hospitality of its people.
The Dominican Republic is a destination like no other that has extraordinary nature, fascinating history and great cultural richness.

Surrounded by the Atlantic Ocean to the North and the Caribbean Sea to the South, the Dominican Republic is proud to have more than 1,600 km of coastline and 400 km of the best beaches in the world, magnificent hotels and resorts, and endless options.
in sports, entertainment and recreation.
Here you can dance to the contagious rhythm of merengue, renew yourself in our luxurious and varied hotels, explore ancient ruins, delight yourself with the best Dominican cuisine, or live ecotourism adventures in our magnificent natural parks, mountain ranges, rivers, and beaches.

# Punta Cana {data-navmenu="Tourism"}

During the year 2022, Punta Cana received a total of three million six hundred twenty-one thousand nine hundred and ninety-five people, if we compare it with other destinations within the Dominican Republic, we see that it is the most sought after destination.
The stay of the tourists is an average of 14 days with an expense per stay of US\$1,928.
By age range, a greater participation of young adults, adults and mature people is perceived, of which 51% are women.

##

Monthly arrivals of non-resident foreigners to the Dominican Republic

| Year  | Punta Cana | Las Américas | Cibao   | La Romana | Puerto Plata | El Catey | La Isabela | Barahona |
|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| 2.022 | 3.621.995  | 939.867      | 251.844 | 104.385   | 238.910      | 25.732   | 29.874     | 39       |

##

<center>![](C:%5CUsers%5CMarcelo%5CDesktop%5CBD_REP_DOM%5CPunta%20Cana%5Cimagenes%5CComposici%C3%B3n6.jpeg){withd="400" height="400"}</center>

# Tourist profile Punta Cana {data-navmenu="Tourism"}

Among the total number of people who visited and chose Punta Cana as a place of rest and summer, the main consumers are from the United States, representing more than 35% of the total, followed by Canada with 25%, the rest come from countries such as France, Argentina , United Kingdom, Germany, Spain, Chile, Poland, Switzerland among many other countries.
As previously mentioned, it is the favorite place for recreation, so almost 95% of visitors use this destination for it, however there are also other reasons for traveling such as business, being 4% of the total.

# Tourism Income {data-navmenu="Tourism"}

The Dominican Republic registered a monetary income of 8.67 billion dollars in the tourism sector, if we move these numbers around the country and according to the number of arrivals per airport we find that in 52 weeks of 2022 the Punta Cana international airport received an average of 58% Of the total number of flights, we can estimate that the monetary income in tourism generated by Punta Cana in 2022 was 5028 million, if we make a more specific calculation and see that in 2022 the Dominican Republic received a total of 7 million tourists and only Punta Cana received We are talking about 4 million tourists who receive 57.14% of the total tourism, so we can say in a more accurate number that Punta Cana contributed a monetary income from tourism of 4.955 Million Dollars.
Source= Central Bank of the Dominican Republic and Ministry of Tourism of the Dominican Republic.

# Airport {data-navmenu="Airport"}

INTERNATIONAL AIRPORTS:

SANTO DOMINGO Las Américas International Airport (SDQ)--also known as José Francisco Peña Gómez Airport--is 30 minutes from the capital city, Santo Domingo, and is the main entry point for international flights into the city.
SDQ is also very close to the coastal towns of Boca Chica and Juan Dolio, just 9 kilometers away.

La Isabela International Airport (JBQ) --also known as Joaquín Balaguer International Airport-- is north of Santo Domingo and mostly only handles domestic flights and flights to Haiti, Cuba and other Caribbean islands.

PUNTA CANA Punta Cana International Airport (PUJ) is located just 15 minutes from the Punta Cana and Cap Cana area, and 30 minutes from the hotel zones of Bávaro, El Cortecito, Arena Gorda, and a 45-minute drive from Macao and Uvero Alto .
It offers direct flights to more than 28 countries and 96 cities around the world, making it the most used airport in the Dominican Republic, and the second in the Caribbean region, with almost 3.5 million international passengers arriving each year.

SILVER PORT The Gregorio Luperón International Airport (POP) is conveniently located 20 minutes north of the coastal city of Puerto Plata and close to tourist destinations such as Cofresí, Playa Dorada, Sosúa and Cabarete.
It also allows you to reach Río San Juan in 1 hour.

THE ROMAN La Romana International Airport (LRM), also known as Casa de Campo International Airport, is strategically located about 10 minutes from Casa de Campo Resort & Villas, and 20 minutes from Bayahíbe.
The airport is also less than two hours from Santo Domingo and one hour from Punta Cana.

SAMANA El Catey International Airport (AZS) also known as Juan Bosch International Airport, is located half an hour from the city of Santa Bárbara de Samaná, half an hour from Las Terrenas and just one hour from Las Galeras.

SANTIAGO Cibao International Airport (STI) is located 15 minutes from the vibrant heart city, Santiago, the second largest in the Dominican Republic, right in the mountainous center of the country.
It is the closest to the cities and towns of La Vega, Jarabacoa and Constanza.
It is also the second closest point of entry and exit to Puerto Plata.

# Airport Punta Cana {data-navmenu="Airport"}

The international airport of Punta Cana is the busiest in the country and the second busiest in the Caribbean, it has direct flights with more than 26 countries, 64 cities and 90 airports around the world.
Distances to the airport=

Punta Cana -- La Romana 78 Kilometers, 1 hour and 10 minutes.

Punta Cana -- Santo Domingo 158 Kilometers 2 hours and 40 minutes.

Punta Cana -- Santigao 4 hours and 20 minutes.

Punta Cana -- Samana 4 hours and 30 minutes.

# Airport statistical data {data-navmenu="Airport"}



Column {data-width=600}
-------------------------------------
    

### Charter

| Punta Cana | Las Américas | Cibao | Puerto Plata | La Isabela | La Romana | El Catey | San Isidro |     |
|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| 3.141      | 2.663        | 349   | 364          | 1.529      | 637       | 62       | 1          |     |

Arrival of flights 2022, according to airport (Charter).




### Regular

| Punta Cana | Las Américas | Cibao | Puerto Plata | La Isabela | La Romana | El Catey | San Isidro |     |
|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| 21.398     | 17.902       | 5.936 | 1.882        | 1.542      | 423       | 231      | 0          |     |

Arrival of flights 2022, according to airport (Regular).

Column {.tabset}
-------------------------------------


### Map of airports categorized by size according to arrivals

<center>![](C:%5CUsers%5CMarcelo%5CDesktop%5CBD_REP_DOM%5CPunta%20Cana%5Cimagenes%5CAeropuerto.jpeg){withd="400" height="400"}</center>

### Conclusion

**As could be seen, the Punta Cana International Airport leads the statistics, thus being the busiest in the country..**

### % of total

```{r}
library(flexdashboard)

gauge(43.39, min = 0.00, max = 100,label = "Regular", symbol =  '%', gaugeSectors(success = c(30,90), warning = c(10,29), danger = c(1,28)))

```

### % of total
```{r}
library(flexdashboard)


gauge(36.19, min = 0.00, max = 100.00, label = "Charter",symbol =  '%', gaugeSectors(success = c(40,90), warning = c(10,39), danger = c(1,28)))


```


# Hotelier {data-navmenu="Hotelier"}



<font size = 5>The tourism minister reported last month (December 2022) that in the country there are 83,000 hotel rooms scattered throughout the territory.
It is estimated that in the coming years there will be a total of 192,627 rooms that entrepreneurs are contemplating developing in the Dominican Republic, estimating between short, medium and long term.</font>

# Reception of tourists, in data {data-navmenu="Hotelier"}

For the month of January 2023 in Punta Cana, an effective occupancy of 78.5% of occupied rooms was registered over the total number of rooms in operation, being 94% foreign visitors and 6% local visitors.
In week 53 of the year 2022, an effective occupancy of 65.11% of occupied rooms was registered over the total number of operative rooms, for which we found an increase in January 2023 of 13.39%.
These data come from the tourism intelligence system of the Ministry of Tourism of the Dominican Republic.
In 2019, only in the tourist area of ​​Punta Cana are around 50% of the hotel rooms in the country.
More than 23 hotel chains have operations in the area, equivalent to 120 hotels, with more than 40,000 hotel rooms in world-class resorts.
In 2019, applications to develop 192,000 hotel rooms were approved in the Dominican Republic.
The Council for the Promotion of Tourism approved 85 new projects for the construction of new rooms per stage, 51 with final approvals and 31 with provisional approvals.
During 2019, requests were approved to develop a total of 192,000 hotel rooms in the Dominican Republic, according to InfoTur Dominicano.

```{r, echo = FALSE, warning=FALSE, cache=FALSE, message=FALSE }
library(leaflet) 
library(sf)
library(mapview)
hotel <- st_read("hotel.shp",quiet = TRUE )

mapView(hotel,color = "red", lwd = 1,layer.name = "HOTEL")
```

# What was the monetary income from tourism in the country and how much of the total was received in Punta Cana? {data-navmenu="Hotelier"}


<font size = 7>The Dominican Republic registered a monetary income of 8.67 billion dollars in the tourism sector, if we transfer these numbers around the country and according to the number of arrivals per airport we find that in 52 weeks of 2022 the Punta Cana international airport received an average of 58% Of the total number of flights, we can estimate that the monetary income in tourism generated by Punta Cana in 2022 was 5028 million, if we make a more specific calculation and see that in 2022 the Dominican Republic received a total of 7 million tourists and specifically Punta Cana received We are talking about 4 million tourists who received 57.14% of the total tourism, so we can say in a more accurate number that Punta Cana contributed a monetary income from tourism of 4.955 Million Dollars.
Source= Central Bank of the Dominican Republic and Ministry of Tourism of the Dominican Republic.</font>

# Real Estate Sector, Tax Benefits. {data-navmenu="Tax Benefits"}


### Law 158-01, for the Promotion of Tourism Development for the poles of scarce development and new hubs in provinces and towns with great potential, and creates the Official Tourism Promotion Fund

On October 9, 2001, the National Congress approved Law No. 158-01 on promoting tourism development for underdeveloped poles and new poles in provinces and towns with great potential, with the aim of accelerating a streamlined process of development of the tourism industry in all regions with potential and natural conditions for its exploitation tourism throughout the Dominican territory.
Summary of law 158-01

• It is excluded from income taxes on individuals or legal entities that undertake, promote or invest capital in activities regulated by law, as well as those that develop new projects or complementary offers, whether by concession, lease or any other form of agreements with the Dominican State in the tourist poles indicated in the law and in accordance with Art. 3 of the same.

• It is excluded from national and municipal taxes for the constitution of already constituted companies.

• National and municipal taxes for the concept of transfer rights of real estate rights, for sales, exchanges, contributions in nature and any other form of transfer.

• It is excluded from the Real Estate Property Tax (IPI)

• Rates, rights and quotas for the preparation of plans, studies, consultancies, supervision and construction of the works to be executed in the tourism project in question, this last exemption, applicable to contractors.

• It is excluded from import taxes and other taxes such as rates, rights, surcharges, including the transfer tax on industrialized goods and services (ITBIS), which are applicable to machinery, equipment, materials and movable goods that are necessary for construction and for the first equipment and commissioning of the tourist facility in question.

• Does not apply withholdings on national and international financing, nor the interest on these, granted to companies that are the object of these incentives.

• Individuals or legal entities may deduct from their net taxable income the amount of their investments in tourism projects included within the scope of this law, being able to apply the amortization of said investments up to (20%) of their taxable income, each year, In no case will the amortization term exceed 5 years.

• Total and absolute exemption of the machinery and equipment necessary to achieve a high profile of product quality (ovens, incubators, production control treatment plants and laboratories, among others), at the time of implementation.
These incentives apply to new construction projects that meet the requirements demanded by law.
The exemption period is 15 years from the completion of the construction works, 3 years are granted to start operations in a sustained and uninterrupted manner for the approved project.

By the end of 2021, the Tourism Development Council (CONFOTUR) had approved 119 new projects, 38 hotels, 34 real estate, and 14 that combine both sectors.
The province of La Altagracia, where the country's main destination, Punta Cana, is located, concentrates the largest number of these projects, 71 in total.
Within these investors, in addition to being local, we find foreign investments from different countries such as Mexico, Spain, Dutch, Argentina, Italian, Venezuelan, American, Panamanian, among others.
In 2020, it is estimated that in the next five years more than 34 projects will be completed in this area.
20 tourism real estate projects, which would add around 2,600 rooms, 12 hotel projects that would provide 6,617 new rooms and two apart-hotel projects, for the inclusion of 222 rooms in the housing supply.
The estimated investment amounts to US\$1,707 million.
36% of this investment comes from Mexican/Dominican, 23% Spanish and 15% Spanish/Dominican.

# Ley 158-01. {data-navmenu="Tax Benefits"}

Ley 158-01 que establece la Ley de Fomento al Desarrollo Turístico para los polos de escaso desarrollo y nuevos polos en provincias y localidades de gran potencialidad, y crea el Fondo Oficial de Promoción Turística.
EL CONGRESO NACIONAL En nombre de la República Ley No. 158-01 CONSIDERANDO: Que es interés del Estado promover el incremento de las actividades que contribuyan al desarrollo social y económico del país y propiciar las condiciones necesarias para la creación de un clima apropiado para que las empresas locales, extranjeras o multinacionales se sientan atraídas a invertir recursos en la creación de nuevas empresas y de generación de empleos: CONSIDERANDO: Que existe una marcada competencia en los mercados internacionales por atraer la inversión de empresas en sectores importantes de la economía, y muy especialmente en la región del Caribe; CONSIDERANDO: Que el turismo se ha convertido en una importante industria a nivel mundial, y que es cada vez mayor la cantidad de personas que se desplazan fuera del país de residencia; CONSIDERANDO: Que la industria turística en el país es el más dinámico de todos los sectores y subsectores de la economía y una de las generadoras de empleos más importantes, tanto directos como indirectos; CONSIDERANDO: Que es un deber fundamental del Estado promover la creación de plazas de trabajo para que los ciudadanos puedan obtener, a través del salario, una fuente digna de ingresos para el sustento de sus familiares.
CONSIDERANDO: Que, producto de la competencia internacional en el sector turístico, esta industria se ha visto afectada en sus niveles de crecimiento, lo cual podría significar una reducción de los ingresos que recibe el país en divisas y una disminución en los niveles de empleo.
CONSIDERANDO: Que en el país existen zonas con recursos naturales que podrían contribuir al desarrollo de la industria turística, mientras que el número de habitaciones no se ha distribuido equivalentemente entre las regiones del territorio nacional; CONSIDERANDO: Que la experiencia turística dominicana deja sentado el hecho de que, para que las regiones de escaso desarrollo y con potencial turístico se conviertan en vigorosos polos o regiones turísticas, es necesario que el Estado establezca una diáfana política de fomento e incentivos; CONSIDERANDO: Que la escasa disponibilidad de recursos financieros y las altas tasas de interés en el mercado nacional ha provocado una reducción de la inversión nacional en el sector turístico; CONSIDERANDO: Que es necesario aumentar los recursos especializados, destinados a la promoción de la imagen turística de la República Dominicana, instituidos en virtud del Decreto No. 475-96, de fecha 28 de septiembre de 1996, a fin de que puedan ser incluidos en los referidos planes de promoción de los polos y zonas turísticas mencionadas en la presente ley.
CONSIDERANDO: Que los recursos naturales forman la base sobre la cual se sostiene la industria turística.
CONSIDERANDO: Que para asegurar una industria turística sostenible es necesario ordenar racional y legalmente el uso de los recursos naturales.
CONSIDERANDO: Que un medio ambiente sano fomenta y garantiza el turismo sostenible.
VISTA la Ley Orgánica de Turismo de la República Dominicana, No. 541 del 31 de diciembre de 1969 y sus modificaciones.
VISTA la Ley No. 256, del 30 de octubre de 1975, que establece los mecanismos necesarios para la planificación y control de desarrollo de toda la zona denominada "Polo Turístico de Puerto Plata o Costa de Ámbar" VISTA la ley 16-95, del 20 de noviembre de 1995, sobre Inversión Extranjera.
VISTA la Ley General sobre Medio Ambiente y Recursos Naturales, No. 64- 00, del 18 de agosto del 2000, sus reglamentos, normas y leyes sectoriales.
VISTO el Decreto No.2536, del 20 de junio de 1968, que declara de interés nacional el desarrollo de la industria turística en la República Dominicana.
VISTO el Decreto número 1157, del 31 de julio de 1975, que dispone que toda persona física o moral, nacional o extranjera, que desee adquirir terrenos ubicados en La Vega, deberá obtener previamente una autorización del Poder Ejecutivo.
VISTO el Decreto No. 2729, del 9 de febrero de 1977, que dispone la elaboración de un plan de desarrollo turístico en los municipios de Constanza y Jarabacoa.
VISTO el Decreto No. 322 -91, del 21 de agosto del 1991, que designa como "Polo Turístico Ampliado de la Región Sur", el denominado Polo de la Región Suroeste del país.
VISTO el Decreto No. 16-93, del 22 de enero de 1993, que modifica el artículo 1 del Decreto No. 156-86, del 26 de febrero de 1986, sobre el Parque Nacional de Montecristi.
VISTO el Decreto No. 177 -95, del 3 de agosto de 1995, que declara Polo o Área Turística de la provincia Peravia, la zona costera comprendida entre la desembocadura de los ríos Nizao y Ocoa.
VISTOS los decretos números 196 -99, 197-99 y 199-99.
VISTO el decreto No.91 -94, del 31 de marzo de 1994, que declara la provincia de Samaná como Polo Turístico.
VISTO el decreto No. 475 -96, de fecha 28 de septiembre de 1996, que dispone que el Ministerio de Estado de Turismo administrará el fondo mixto creado por el Decreto No. 212-96.- HA DADO LA SIGUIENTE LEY: OBJETO DE LA LEY ARTÍCULO 1.- Se establece la Ley de Fomento al Desarrollo Turístico para los polos de escaso desarrollo y nuevos polos en provincias y localidades de gran potencialidad y se crea el Fondo Oficial de Promoción Turística.
Párrafo I.- (Modificado por la Ley 184-02, del 23 de noviembre del 2002); La presente ley tiene como objetivo, acelerar un proceso racionalizado del desarrollo de la industria turística en las regiones de gran potencialidad o que reúnan excelentes condiciones naturales para su explotación turística en todo el país, que, habiendo sido declaradas o no como polos turísticos no han alcanzado, a la fecha, el grado de desarrollo esperado, y que se enumeran a continuación: 1.
Polo Turístico No. 4, Jarabacoa y Constanza (Decretos Nos. 1157, del 31 de julio de 1975, y 2729, del 9 de febrero de 1977); 2.
Polo Turístico IV, ampliado: Barahona, Baoruco, Independencia y Pedernales (Decreto No.322-91, de fecha 21 de agosto del 1991); 3.
Polo Turístico V, ampliado: Montecristi, Dajabón, Santiago Rodríguez y Valverde (Decreto No. 16-93, del 22 de enero de 1993); 4.
Polo Turístico VIII, ampliado, que comprende la provincia de San Cristóbal y el municipio de Palenque; la provincia Peravia y la provincia Azua de Compostela; 5.
La provincia María Trinidad Sánchez y todos sus municipios.
6.
Polo Turístico de la provincia de Samaná (Decreto No. 91-94, del 31 de marzo de 1994); *Adecuado de acuerdo al Decreto 56-10 que cambia de nombre las Secretarías de Estado a Ministerios. 7. La provincia de Hato Mayor y sus municipios; la provincia de El Seybo y sus municipios; la provincia de San Pedro de Macorís y sus municipios; la provincia Espaillat y los municipios: Gaspar Hernández, Higüerito, José Contreras, Villa Trina y Jamao al Norte; Jamao al Norte; las provincias Sánchez Ramírez y Monseñor Nouel; la provincia Monte Plata; en la provincia de La Vega, los municipios de Jarabacoa, Constanza y Guaigüi; el municipio de Luperón, así como el Castillo y La Isabela Histórica, en la Provincia de Puerto Plata, y la Zona Colonial de Santo Domingo; 8. La Provincia de Santiago, y sus municipios; 9. El municipio de Las Lagunas de Nisibón, y las secciones de El Macao, Uvero Alto y Juanillo, de la Provincia de La Altagracia. Párrafo II.- A este efecto, se establece por medio de la presente ley y sus reglamentos, los incentivos que serán otorgados, a manera de estímulo, a los proyectos e inversiones que concurran a la consecución de los objetivos y metas identificadas. Párrafo III.- (Modificado por la Ley 318-04, de fecha 23 de diciembre de 2004) Los Polos Turísticos de Puerto Plata o Costa de Ámbar, y sus municipios; Cabeza de Toro y Punta Palmilla, en la provincia La Altagracia; Santo Domingo; Samaná con sus municipios, y otros que hubiesen sido beneficiados o no con incentivos en instalaciones hoteleras, en el presente serán beneficiados de acuerdo a las siguientes condiciones y alcance: a) Las inversiones que se realicen en el desarrollo de las actividades turísticas y ofertas complementarias establecidas en el artículo 3 de la Ley No.158 -01, del 9 de octubre del 2001, modificada mediante la ley No.184-02 del 23 de noviembre del 2002, con excepción del numeral 1, correspondiente a las instalaciones hoteleras, resorts y/o complejos hoteleros, se beneficiarán del cien por ciento (100%) del régimen de exención que establece la presente ley; b) Las inversiones en las actividades turísticas que se indican en el numeral 1 del Artículo 3 de la ley No.158 -01, del 9 de octubre del 2001, modificada mediante Ley No.184 -02, del 23 de noviembre del 2002, correspondiente a instalaciones hoteleras, resorts y/o complejos hoteleros en las estructuras existentes a la fecha, solo se beneficiaran de la exención establecida en el articulo 4, inciso c) Ley No. 158-01, del 9 de octubre del 2001, modificada mediante la Ley No.184-02, respecto a la exención del pago del cien por ciento (100%) de los impuestos de importación y otros impuestos que fueren aplicables sobre las maquinarias, equipos, materiales y bienes muebles que sean necesarios para la modernización, mejoramiento y renovación de dichas instalaciones, previo cumplimiento de los requisitos exigidos por esta ley, siempre que las mismas demuestren tener un mínimo de cinco (5) años de construidas. Párrafo IV.- (Modificado por la Ley 184-02, del 23 de nobiembre del 2002) Con excepción de los municipios y secciones indicados en el numeral del párrafo I, del presente artículo, que son: El municipio de Las Lagunas de Nisibón y las secciones de El Macao, Uvero Alto y Juanillo, de la provincia La Altagracia, que se beneficiarán de todo el régimen de exención que establece esta ley, la provincia de La Altagracia y sus municipios, sólo dispondrán de las facilidades de exención de pago de impuestos para la construcción y equipamiento de sus hoteles, no así de la exención del pago del impuesto sobre la renta por un período de diez (10) años, como lo recibirán las demás regiones contempladas en esta ley. Igual limitaciones aplicarán para la provincia de Santiago y sus municipios. DEL OBJETO DE LOS INCENTIVOS Artículo 2.- Podrán acogerse a los incentivos y beneficios que otorga la presente legislación todas las personas físicas o morales domiciliadas en el país que emprendan, promuevan o inviertan capitales en cualesquier a de las actividades indicadas en el artículo 3 y en los polos turísticos y/o provincias y/o municipios descritos en el artículo anterior. Párrafo: (Agregado por la Ley 184 -02, del 23 de noviembre del 2002) De igual forma podrán acogerse a los incentivos y beneficios de la presente ley, las personas físicas o morales que desarrollen nuevos proyectos u ofertas complementarias de los contenidos en el artículo 3, por concesión, arrendamiento, o cualesquiera otras formas de acuerdos con el Estado Dominicano en los polos turísticos enumerados en el artículo 1 de esta ley. Artículo 3.- Se declara de especial interés para el Estado Dominicano el establecimiento en territorio nacional de empresas dedicadas a las actividades turísticas que se indican a continuación: 1. Instalaciones hoteleras, resorts y/o complejos hoteleros. 2. Construcción de instalaciones para convenciones, ferias, congresos internacionales, festivales, espectáculos y conciertos. 3. Empresas dedicadas a la promoción de actividades de cruceros que establezcan, como puerto madre para el origen y destino final de sus embarcaciones, cualesquiera de los puertos especificados en esta ley; 4. Construcción y operación de parques de diversión y/o parques ecológicos y/o parques temáticos; 5. Construcción y/o operación de las infraestructuras portuarias y marítimas al servicio del turismo, tales como puertos deportivos y marinos; 6. Construcción y/o operación de infraestructuras turísticas, tales como acuarios, restaurantes, campos de golf, instalacion es deportivas y cualquier otra que pueda ser clasificable como establecimiento perteneciente a las actividades turísticas; 7. Pequeñas y medianas empresas cuyo mercado se sustenta fundamentalmente en el turismo (artesanía, plantas ornamentales, peces tropicales, granjas reproductoras de pequeños reptiles endémicos y otras de similar naturaleza); 8. Empresas de infraestructura de servicios básicos, para la industria turística, tales como acueductos, plantas de tratamiento, saneamiento ambiental, recogida de basura y desechos sólidos. Párrafo: (Agregado por la Ley 184 -02, del 23 de noviembre del 2002) Las exenciones acordadas para las actividades que se indican en los numerales 2, 3, 4, 5, 6, del presente artículo, aplicarán de igual forma para los alojamientos turísticos u otras facilidades o actividades de cualquier naturaleza construidas o fomentadas para complementar las mismas tales como, villas, solares, lotes, apartamentos, amarres para embarcaciones etc., sea que las mismas estén destinadas a ser operadas por los promotores o desarrolladores o vendidas a otras personas físicas o morales, siempre que formen parte de un proyecto clasificado. DE LOS INCENTIVOS Y BENEFICIOS QUE OTORGA LA LEY Artículo 4.- Las empresas domiciliadas en el país que se acojan a los incentivos y beneficios de la presente ley, quedan exoneradas del pago de los impuestos en un cien por ciento (100%), aplicable a los siguientes renglones: a) Del impuesto sobre la renta objeto de los incentivos según lo señalado en el artículo 2 de la presente ley. b) (Modificado por la Ley 184 -02, del 23 de noviembre del 2002).De los impuestos nacionales y municipales por constitución de sociedades, por aumento de capital de sociedades ya constituidas, los impuestos nacionales y municipales por transferencia sobre derechos inmobiliarios, por ventas, permutas, aportes en naturaleza y cualesquiera otra forma de transferencia sobre derechos inmobiliarios, del Impuesto sobre Viviendas Suntuarias y Solares no Edificados (IVSS). Así como de las tasas, derechos y cuotas por la confección de los planos, de los estudios, consultorías y supervisión y la construcción de las obras a ser ejecutados en el proyecto turístico de que se trate, siendo esta última exención aplicable a los contratistas encargados de la ejecución de las obras; c) (Modificado por la Ley 184-02, del 23 de noviembre del 2002) De los impuestos de importación y otros impuestos tales como tasas, derechos, recargos, incluyendo el Impuesto a las Transferencias de Bienes Industrializados y Servicios (ITBIS), que fueren aplicables sobre las maquinarias, equipos, materiales y bienes muebles que sean necesarios para la construcción y para el primer equipamiento y puesta en operación de la instalación turística de que se trata. Párrafo I.- No estarán sujetas a pago de impuestos ni retención alguna, los financiamientos nacionales e internacionales, ni los intereses de éstos, otorgados a las empresas que sean objeto de estos incentivos; Párrafo II. (Modificado por la Ley 184 -02, del 23 de noviembre del 2002) Las personas físicas o morales podrán deducir o desgravar de su renta neta imponible el monto de sus inversiones en proyectos turísticos comprendidos dentro del ámbito de esta ley, pudiendo aplicar a la amortización de dichas inversiones hasta un veinte por ciento (20%) de su renta neta imponible, cada año. En ningún caso el plazo de amortización podrá exceder de cinco (5) años. Párrafo III.- Habrá exención total y absoluta de las maquinarias y equipos necesarios para lograr un alto perfil en la calidad de los productos (hornos, incubadoras, plantas de tratamiento de control de produccion y laboratorios, entre otros), al momento de la implantación. Párrafo IV. (Agregado por Ley 184-02, del 23 de noviembre del 2002) Las exenciones establecidas por esta ley la aprovecharán las personas físicas o morales que realicen una o varias inversiones directamente con los promotores o desarrolladores en cualesquiera de las actividades indicadas en su artículo 3, y en los polos turísticos y provincias y municipios descritos en su Artículo 1 quedando excluida de tales beneficios cualquier transferencia posterior a favor de terceros adquirientes. Artículo 5.- Queda prohibido el establecimiento de nuevas cargas impositivas, arbitrios, tasas etc. durante el período de exención fiscal. Artículo 6.- El otorgamiento de los incentivos y beneficios a que se refiere la presente ley se limitará estrictamente a los nuevos proyectos cuya construcción se inicie luego de la promulgación de la misma. PERIODO DE EXENCIÓN Artículo 7.- El período de exención fiscal correspondiente a cada proyecto, negocio o empresa turística será de diez (10) años, a partir de la fecha de terminación de los trabajos de construcción y equipamiento del proyecto objeto de estos incentivos. Se otorga un plazo que no excederá en ningún caso los (3) tres años para iniciar en forma sostenida e ininterrumpida la operación del proyecto aprobado, plazo cuyo incumplimiento conllevará a la pérdida ipso-facto del derecho de exencion adquirido. Artículo 8.- La aplicación de la presente ley estará a cargo de un Consejo de Fomento Turístico, cuya sigla será (CONFOTUR). Presidirá este Consejo el Ministro* de Turismo y estará integrado, además, por: 1.
El Ministro de Hacienda, o su representante.
2.
El Ministro de Medio Ambiente y Recursos Naturales, o su representante.
3.
El Ministro de Cultura, o su representante 4.
Un representante de la Asociación de Hoteles y Restaurantes (ASONAHORES) 5.
Un representante del SubMinisterio Técnico de Turismo, quien actuará como Ministro. Adecuado de acuerdo al Decreto 56-10 que cambia de nombre las Secretarías de Estado a Ministerios.
6.
Un profesional en impacto ambiental de reconocida capacidad seleccionado por el Ministerio de Estado de Medio Ambiente y Recursos Naturales, y 7.
Un representante del Ministerio de Cultura.
Artículo 9: Los expedientes de solicitud de clasificación de parte de los interesados para acogerse a los términos de la presente ley serán depositados en la oficina del Ministro\* de Turismo, la cual llevará un registro de dichas solicitudes en la forma que establezca el reglamento de CONFOTUR.
Artículo 10.- Los expedientes sometidos al conocimiento del Consejo de Fomento Turístico deberán ser aprobados o rechazados, con motivaciones razonables, en un período que no excederá, en total, los sesenta (60) días.
Artículo 11.- Las solicitudes de clasificación que sean acogidas favorablemente por el CONFOTUR serán objeto de una resolución que contendrá el enunciado de las características técnicas y económicas que hubieren servido de base para su decisión.
Artículo 12.- El Ministerio de Turismo velará por el fiel cumplimiento de las disposiciones establecidas en la presente ley, por medio de inspectores, quienes, debidamente autorizados, podrán realizar inspecciones en toda el área de la zona, y, en caso de infracción a la ley, a sus reglamentos o a las regulaciones de todas al efecto, deberán levantar acta comprobatoria de la misma, la cual hará fe de su contenido hasta prueba en contrario.
Párrafo.- Las actas de comprobación de infracciones deberán ser sometidas por el Ministerio de Turismo al Procurador General de la República, quien las remitirá al Procurador Fiscal del Distrito Judicial correspondiente.
Artículo 13.- En caso de violación a la presente ley, por parte de personas físicas o morales, implicará la pérdida automática de los incentivos y el pago correspondiente de los valores dejados de pagar, a la luz de esta ley de incentivos.
DE LOS REQUISITOS PARA LA PRESENTACIÓN DE LOS EXPEDIENTES Artículo 14.- Los nuevos proyectos que solicitaren acogerse a los incentivos y beneficios creados por la presente legislación deberán ser formulados y presentados conjuntamente con los documentos siguientes: 1.
Un estudio de impacto ambiental que considere el tipo de proyecto, las infraestructuras requeridas, la zona de impacto y la sensibilidad del área, aprobado por el Ministerio de Estado de Medio Ambiente y Recursos Naturales de conformidad con la Ley General sobre Medio Ambiente y Recursos Naturales, No. 64 -00, del 18 de agosto del 2000, sus reglamentos, normas y leyes sectoriales.
*Adecuado de acuerdo al Decreto 56-10 que cambia de nombre las Secretarías de Estado a Ministerios. 2. Un anteproyecto arquitectónico, así como los detalles preliminares de ingeniería del mismo, preparado por un profesional o firma reconocida de profesionales dominicanos aptos, legalmente en ejercicio. Las asesorías, consultas o participaciones de especialistas extranjeros en la formulación de estudios preliminares arquitectónicos o de ingeniería, o en las etapas subsiguientes del desarrollo del proyecto, se realizarán en todo caso a través de una firma profesional local o debidamente autorizada al ejercicio, que tendrá a su cargo la elaboración y responsabilidad legal de éste; 3. Los proyectos que tengan previsto manejar volúmenes de combustibles y/o envuelvan tráfico intenso de embarcaciones, deberán ser acompañados de un plan de contingencia para prevenir y controlar los derrames de combustibles. Párrafo.- Los proyectos deberán contar con la aprobación preliminar de los organismos de planeamiento urbano, y municipales competentes en la jurisdicción de los mismos. Artículo 15.- Antes de iniciar la construcción, y una vez obtenidas las autorizaciones requeridas para tal fin, todos los proyectos de infraestructura deberán presentar una garantía o fianza bancaria para cubrir los gastos de recuperación ambiental si, por negligencia del promotor, se causare cualquier daño al medio ambiente. Artículo 16.- El Ministerio* de Medio Ambiente y Recursos Naturales será el responsable de garantizar que ningún proyecto de infraestructura sea aprobado dentro de áreas protegidas o parques nacionales, a menos que, mediante estudio de impacto ambiental aprobado por este mismo Ministerio de Estado, se demuestre que ese proyecto no representará peligro para la preservación de los recursos naturales ni amenazará la flora y fauna, ni mutilará la integridad de la misma.
Párrafo: Un reglamento especial preparado por el Ministerio de Medio Ambiente y Recursos Naturales y aprobado por el Poder Ejecutivo, determinará los criterios, normas y procedimientos que regularán la aprobación de proyectos dentro de áreas protegidas o parques nacionales, siempre de acuerdo con las prescripciones de la Ley General de Medio Ambiente y Recursos Naturales, No. 64-00, del 18 de agosto del 2000, la Ley Sectorial de Áreas Protegidas, y el Plan de Manejo o de Ordenamiento Territorial de cada área protegida, aprobado por el Ministerio de Medio Ambiente y Recursos Naturales.
DE LAS SANCIONES Artículo 17.- Las empresas que se establezcan conforme a los incentivos y beneficios de la presente ley deberán garantizar la preservación de todos los recursos naturales y la debida protección al medio ambiente, según lo establecido en la Ley General sobre Medio Ambiente y Recursos Naturales, No. 64 -00, del 18 de agosto del 2000, sus reglamentos, normas y leyes sectoriales.
*Adecuado de acuerdo al Decreto 56-10 que cambia de nombre las Secretarías de Estado a Ministerios. Párrafo I.- El Ministerio* de Medio Ambiente y Recursos Naturales, será el responsable de garantizar que, durante la construcción y operación de cualquier empresa establecida conforme a los beneficios de la presente ley, se respeten y preserven todos los recursos naturales en el entorno, y para ello deberá exigir los debidos estudios de impacto ambiental, según lo establecido en la Ley General de Medio Ambiente y Recursos Naturales No. 64 -00, del 18 de agosto del 2000, sus reglamentos, normas y leyes sectoriales.
Párrafo II.- Mientras no cumpla con los requisitos establecidos en el párrafo anterior, la empresa no podrá recibir los incentivos establecidos en la presente ley, por lo que ningún incentivo podrá ser otorgado si el inversionista no cuenta con la debida licencia ambiental, otorgada por el Ministerio de Medio Ambiente y Recursos Naturales.
Artículo 18.- Los incentivos otorgados por la presente ley se pierden: 1.
Cuando una empresa o inversionista incumple con las leyes, normas y reglamentos que regulan la actividad turística, según dictaminen el Ministerio de Turismo.
2.
Cuando una empresa o inversionista incumple con los lineamientos y normas establecidos en el Plan de Ordenamiento Territorial, de la zona en donde se ejecuta la inversión, según dictamine el Ministerio de Estado de Medio Ambiente y Recursos Naturales.
3.
Cuando las practicas de una empresa son dañinas al medioambiente y los recursos naturales y las autoridades ambientales establecen la existencia de un delito ambiental, según la Ley General sobre Medio Ambiente y Recursos Naturales, No. 64 -00, del 18 de agosto del 2000, sus reglamentos, normas y leyes sectoriales.
Párrafo I: Para la imposición de una sanción que implique la suspensión de los incentivos, el Ministerio de Medio Ambiente y Recursos Naturales, o el Ministerio de Turismo, según el caso, deberán emitir una resolución al respecto recomendando a el Ministerio de Hacienda, la suspensión de los incentivos otorgados.
Párrafo II: Las sanciones mencionadas en los párrafos precedentes son independientes de cualesquiera otras de orden civil o penal, impuestas por las leyes dominicanas y, particularmente, por la Ley General sobre Medio Ambiente y Recursos Naturales, No. 64-00, del 18 de agosto del 2000.
Párrafo III.- (Agregado por Ley 184-02, del 23 de noviembre del 2002) Los derechos sobre un proyecto turístico aprobado o los beneficios acordados por una resolución del Consejo de Fomento Turístico (CONFOTUR), de conformidad con esta ley, sólo podrán ser transferidos con la aprobación de dicho consejo.
Dicha autorización de traspaso debera ser solicitada al Consejo de Fomento Turístico (CONFOTUR) por el inversionista y por la persona a favor de cual se solicita.
El Consejo de Fomento Turístico (CONFOTUR) podrá requerir cualquier información adicional que crea indispensable para la mejor consideración del caso.
La decisión del Consejo de Fomento Turístico (CONFOTUR) sobre estas solicitud debera tomarse dentro de los sesenta (60) días después de haberlas recibido.
*Adecuado de acuerdo al Decreto 56-10 que cambia de nombre las Secretarías de Estado a Ministerios. Párrafo IV.- (Agregado por Ley 184-02, del 23 de noviembre del 2002). La necesidad de aprobación por parte del Consejo de Fomento Turístico (CONFOTUR) a que se refiere el presente artículo, es aplicable exclusivamente a la transferencia de derechos que impliquen la transferencia, el control efectivo de la propiedad y la operación del proyecto como tal, no existiendo ninguna limitación, ni restricción para que los promotores o desarrolladores del proyecto, transfieran libremente y sin ninguna formalidad adicional a las de derecho común, a los inversionistas-adquirientes los derechos que se corresponden con los terrenos y facilidades adquiridos, tales como solares, lotes, villas, apartamentos, etc. DE LA ESPECIALIZACIÓN DE LOS FONDOS PARA LA PROMOCION TURÍSTICA Artículo 19.- Con el objetivo de promover de forma más efectiva la promoción de la República Dominicana en los mercados internacionales, emisores de turistas, y en virtud de la creación por esta ley de nuevos polos turísticos, queda establecido el Fondo Oficial de Promoción Turística, que deberá ser administrado por el Ministerio* de Turismo y contará con el asesoramiento del sector privado, principalmente de la Asociación Nacional de Hoteles y Restaurantes, Inc. (ASONAHORES), y otras instituciones del sector.
Este fondo se administrará de acuerdo con las disposiciones siguientes: 1.
De la totalidad de los valores que se recauden por la aplicación de la tasa aeronáutica por pasajero transportado, en entrada y salida, en vuelos internacionales regulares y no regulares o charters, cobrados por la Dirección General de Aeronáutica Civil, serán especializados 50% (cincuenta por ciento) para el Fondo Oficial de Promoción Turística bajo el manejo del Ministerio de Estado de Turismo.
2.
El 50% (cincuenta por ciento) restante corresponderá al Fondo Operacional de la Dirección General de Aeronáutica Civil, para ser usados en programas específicos de esa Dirección, a fin de mejorar la seguridad de la aviación civil en la República Dominicana.
3.
La totalidad de los importes generados por la tarjeta de turismo en todos los aeropuertos y puertos del país deberán ser depositados directamente en la Cuenta del Fondo Oficial de promoción Turística, bajo el manejo del Ministerio de Estado de Turismo.
OTRAS DISPOSICIONES Artículo 20.- Se otorga un plazo de ciento veinte (120) días al Poder Ejecutivo, después de promulgada la presente ley, para elaborar y publicar el reglamento correspondiente a la misma.
Artículo 21.- Los enunciados contenidos en la presente ley prevalecerán sobre cualquier disposición que establezcan leyes anteriores o medidas de carácter administrativos que hayan sido previamente dictados por el Poder Ejecutivo.
Adecuado de acuerdo al Decreto 56-10 que cambia de nombre las Secretarías de Estado a Ministerios.
DADA en la Sala de Sesiones del Senado, Palacio del Congreso Nacional, en Santo Domingo de Guzmán, Distrito Nacional, Capital de la República Dominicana, a los veinticuatro (24) días del mes de julio del año dos mil uno (2001); años 158 de la Independencia y 138 de la Restauración.
RAMON ALBURQUERQUE Presidente GINETTE BOURNIGAL DE JIMÉNEZ DARIO ANTONIO GOMEZ MARTINEZ Secretaria Secretario DADA en la Sala de Sesiones de la Cámara de Diputados, Palacio del Congreso Nacional, en Santo Domingo de Guzmán, Distrito Nacional, capital de la República Dominicana, a los seis (6) días del mes de septiembre del año dos mil uno (2001); años 158 de la Independencia y 139 de la Restauración.
RAFAELA ALBURQUERQUE Presidenta AMBROSINA SABIÑON CACERES RAFAEL ANGEL FRANJUL TRONCOSO Secretaria Secretario HIPÓLITO MEJIA Presidente de la República Dominicana En ejercicio de las atribuciones que me confiere el artículo 55 de la Constitución de la República.
PROMULGO la presente Ley y mando que sea publicada en la Gaceta Oficial, para su conocimiento y cumplimiento.
DADA en Santo Domingo de Guzmán, Distrito Nacional, Capital de la República Dominicana, a los nueve (9) días del mes de octubre del año dos mil uno (2001), años 158 de la Independencia y 139 de la Restauración.


# Study area {data-navmenu="Market"}



### Definition of the study sector

A survey of the real estate market was carried out in the sector of the province of Altagracia, it was carried out in the coastal sector, this is due to the fact that the tourism, hotel and major real estate investment sectors are eradicated in this sector. This study area is demanded by small, medium, large and mega real estate and tourist developers.

## Map of the analyzed sector,  geopositioned

<center>![](C:%5CUsers%5CMarcelo%5CDesktop%5CBD_REP_DOM%5CPunta%20Cana%5Cimagenes%5CComposici%C3%B3n7.jpeg){withd="400" height="400"}</center>

# What sectors were analyzed? {data-navmenu="Market"}



### Study parameters

A marketing study was carried out on the following elements =

-Sale of 1, 2, 3 Bedroom Apartments, these are generally intended for small investors who wish to obtain income from tourist rentals.

-Study of the value of land, in this case the value of the land was surveyed, which has several destinations, either for the construction of hotels, tourist complexes, tourist villas, private colonies with golf courses, among others, in addition, Also values ​​were obtained
of land for single-family housing buildings, which have different uses such as tourist rental, permanent housing or rest housing. As remarkable, data was obtained from land with a beach.

-Finally, a survey of tourist rentals was carried out, based on 1, 2 and 3 bedroom apartments, monopolizing the second half of January and the first half of February.
All this study was carried out in the year 2023, so the study does not end here since the market will continue to be analyzed as the months go by.

# How was the analysis process carried out? {data-navmenu="Market"}



### Summary of the Data Processing Process

What seems like a simple process is not, this analysis begins with the manual collection of data to ensure the veracity and efficiency of the data collected.

-1 As a first step, this information is processed in a geographic information system software (QGIS) where it is geopositioned and stored. each sample obtained a series of attributes that describe qualitative and quantitative characteristics.
<center>![](C:\Users\Marcelo\Desktop\BD_REP_DOM\Punta Cana\altagracia\qgis.jpg){withd="80" height="80"}</center>

-2 then continue with the next step which consists of selecting the information to be analyzed (selecting the attributes of the samples that are relevant to obtain statistical data), that is, creating new elements on top of the existing ones (creation of new tables with the information selected for further analysis) this is done through the SQL query language in a software called HeidiSQL, with these new tables relational databases are created for future queries.
<center>![](C:\Users\Marcelo\Desktop\BD_REP_DOM\Punta Cana\altagracia\hei.png){withd="80" height="80"}</center>

-3 The last step is to process this data in statistics and graphs that expose the reality of the market as well as the elements analyzed, this process is carried out in the R programming language in RStudio software.
<center>![](C:\Users\Marcelo\Desktop\BD_REP_DOM\Punta Cana\altagracia\r.png){withd="80" height="80"}</center>

-4 The last step is to proceed to the writing and assembly of the report, it is also programmed in R language, using different libraries that allow certain statistical, graphic, visual and interactive processes to be carried out, to name some of these libraries we work with Flexdashboar, ggplot , ploty, ggdarck, tidyr, tidyselect, scales among many others
<center>![](C:\Users\Marcelo\Desktop\BD_REP_DOM\Punta Cana\altagracia\f.png){withd="80" height="80"}</center>

# Results of the land value study {data-navmenu="Land Market"}



### Results 

200 samples were established for this study, which were obtained and processed after the aforementioned processes.
From this sampling we obtain information such as the surfaces of the land, the value per meter2 and its potential uses.

***Results obtained on surfaces*** 

-After carrying out the calculations, it was established that the average area in meter2 is 902080,68.

-Registered minimum area 211,87 meter2.

-Maximum registered area 32000000 meter2.

Those surfaces greater than 10,000 square meters are ideal for hotel destinations, greater surfaces of 5 hectares are useful for urbanization and those surfaces less than 5,000 square meters are ideal for building single-family homes.

***Results of the value of the meter2 of land*** 
Speaking of the value per meter2 of land, the following parameters were obtained.

-Resulting average value in the samples analyzed 162.35 U\$D.

-Minimum registered value of 2.25 U\$D.

-Maximum registered value 1707.08 U\$D.

The values that go from the range of 2.25 to 50.00 U\$D belong to those that have a very high area, mainly destined to the use of tourist complexes or villas, a large part of these have beaches.
The rest of the values are already dispersed in plots destined for medium-sized tourist projects and construction of single-family homes.

### Overview and market trend

Small buyers look for tourist areas since the building they will build will have two destinations, for their own rest on their vacations and to obtain a tourist income when they do not use it.
When we refer to strong investments, the lands par excellence are those that have beaches where it is intended to build resort-type products, hotels, villas, among others. Another buying trend is in places that have atypical or unusual developments, as is the case of lakes or projects with sports characteristics.

Currently there is a good supply of large-area land with beaches, as mentioned above, these are mainly destinations for hotel complexes, large villas, etc., although today there are in existence over time, this type of property will become scarcer and will rise notably their values, which would imply a higher cost for the developer and a reduced profit. This is mainly due to the fact that large hotel chains and national and foreign investors are investing heavily in the tourism hotel sector, as well as in the creation of villas.


# Graph of land values ​​per meter2 {data-navmenu="Land Market"}

```{r}
## {data-height=650}
library(ggplot2)
library(ggdark)
library(readxl)
library(plotly)
Suelo <- read_excel("C:/Users/Marcelo/Desktop/BD_REP_DOM/Punta Cana/Datos de mercado estudiados/Suelo.xlsx")
Valorsuelo <- ggplot(Suelo, aes(Suelo$id, Suelo$Valor_Mtrs))+ geom_line()+  ggtitle("Land value ,Categorized by landform")+ ylab("U$D_per_meter2")+xlab("ID_Sample")+ facet_wrap(~Forma)+ labs(subtitle = "Altagracia")+ labs(caption = "REPUBLICA DOMINICANA 2023 Made by Marcelo Larroulet Metzger https://www.reicrowd.io/")+theme_bw()+theme(panel.background = element_rect(fill = "#67c9ff"))+ dark_theme_gray() + theme(legend.position = "top")+ geom_point(color='green', size=0.3)

Valorsuelo %>% plotly::ggplotly()
```

# Samples Overview {data-navmenu="Market for sale of apartments"}



### Characteristic study samples

In this case, the market study on apartments was carried out, they are located in the analysis sector, mainly these are close to coastal areas since it is where this type of property is developed.
There is a sample size of 500 Units, where each of them has a series of attributes that describe each sample, such as: total area, covered area, number of rooms, market value, value per meter 2, id, age, survey date, maintenance costs, photographic record of the unit.

# Results obtained by surface study {data-navmenu="Market for sale of apartments"}



### Constructed area by number of bedrooms

In this case we find an average area of 127.43 meters2, a minimum area of 32 meters2 and a maximum area of 1028.01 meters2, distributed as follows =


|<span style="color:red">1 bedroom apartments.</span>|
|-----------------------|
|Average surface registered : ***70.38 meters2***|
|Maximum surface registered **228.00 meters2**|
|Minimum surface registered ***32 meters2***|

|<span style="color:green">Apartments with 2 bedrooms</span>|
|---------------------------|
|Average area ***127.42 meters2***|
|Maximum area of ***329.39 meters2***|
|Minimum area of ***54 meters2***|

|<span style="color:blue">Apartments with 3 bedrooms</span>|
|----------------------------|
|Average area ***201.24 meters2***|
|Maximum area ***547.35 meters2***|
|Minimum area ***59.60 meters2***|

|<span style="color:purple">Apartments with 4, 5 and 6 bedrooms</span>|
|------------------------------------|
|Average area ***387.80 meters2***|
|Maximum area ***1028.01 meters2***|
|Minimum area ***152 meters2***|

<span style="color:red">These parameters allow the developers of buildings for residential purposes to identify the surfaces of the apartments which they can analyze to carry out their own project, added to the market sale value, establish the profitability margins based on the costs of their project.</span>



# Surface graph {data-navmenu="Market for sale of apartments"}

```{r}
library(ggplot2)
library(ggdark)
library(readxl)
library(plotly)
library(ggthemes)
library(scales)
Apartamentos <- read_excel("C:/Users/Marcelo/Desktop/BD_REP_DOM/Punta Cana/Datos de mercado estudiados/Apartamentos.xlsx")
 apa <- ggplot(Apartamentos, aes(Apartamentos$id, Apartamentos$Sup.Total))+ geom_line()+  ggtitle("Surface of Apartments studied, Categorized by number of bedrooms")+ ylab("Surface")+xlab("ID_Sample")+ facet_wrap(~Dormitorio)+ labs(subtitle = "Altagracia")+ labs(caption = "REPUBLICA DOMINICANA 2023 Made by Marcelo Larroulet Metzger https://www.reicrowd.io/")+theme_bw()+theme(panel.background = element_rect(fill = "#67c9ff"))+ dark_theme_gray() + theme(legend.position = "top")+ geom_point(color='green', size=0.3)
 apa %>% plotly::ggplotly()
```

# Result of the value per meter2 of samples analyzed {data-navmenu="Market for sale of apartments"}



### Result of the value per meter2 of samples analyzed

After the study we found the following data =

|<span style="color:red">1 bedroom apartments.</span>|
|----------------------------------------------------|
|Average value registered 2178.46 per meter2|
|Maximum value registered per meter2 4213.48|
|Minimum value registered per meter2 984.10|


|<span style="color:green">Apartments with 2 bedrooms</span>|
|------------------------------------------------------------|
|Average value per meter2 2208.86|
|Maximum value registered per meter2 5044.88|
|Minimum value 813.95 per meter2|


|<span style="color:blue">Apartments with 3 bedrooms</span>|
|----------------------------------------------------------|
|Average value registered 2479.05 per meter2|
|Maximum value registered 7306.12 per meter2|
|Minimum value of 778.94 per meter2|


|<span style="color:purple">Apartments with 4, 5 and 6 bedrooms</span>|
|---------------------------------------------------------------------|
|Average value per meter2 2919.24|
|Maximum value per meter2 4717.21|
|Minimum value per meter2 1223.68|

***Currency Used US Dollar***

# Value graph per meter2 {data-navmenu="Market for sale of apartments"}

```{r}
library(ggplot2)
library(ggdark)
library(readxl)
library(plotly)
library(scales)
library(ggthemes)
Apartamentos <- read_excel("C:/Users/Marcelo/Desktop/BD_REP_DOM/Punta Cana/Datos de mercado estudiados/Apartamentos.xlsx")
ventaapa <- ggplot(Apartamentos, aes(Apartamentos$id, Apartamentos$V_Mtrs2))+ geom_line()+  ggtitle("Value of apartments per square meter, categorized by number of bedrooms")+ ylab("U$D_per_Metro2")+xlab("ID_Sample")+ facet_wrap(~Dormitorio)+ labs(subtitle = "Altagracia")+ labs(caption = "REPUBLICA DOMINICANA 2023 Made by Marcelo Larroulet Metzger https://www.reicrowd.io/")+theme_bw()+theme(panel.background = element_rect(fill = "#67c9ff"))+ dark_theme_gray() + theme(legend.position = "top")+ geom_point(color='green', size=0.3)
ventaapa %>% plotly::ggplotly()
```

# Negotiation {data-navmenu="Market for sale of apartments"}



### What margin of negotiation is established in the market?

Values of apartments approved according to the average of the negotiation margin, it registers a minimum of 5% or its equivalent of 0.05 and a maximum negotiation margin of 10% or its equivalent 0.10, these negotiation margins are the normal ones applied in the market Negotiation margins were not counted in special sales situations such as an economic urgency on the part of the seller, since in these cases the margin is usually wider, which will depend on the urgency of sale but can reach up to 20% or its equivalent 0.20.

# Graph of value approved by negotiation margin {data-navmenu="Market for sale of apartments"}

```{r}
library(ggplot2)
library(ggdark)
library(readxl)
library(plotly)
library(scales)
library(ggthemes)
Apartamentos <- read_excel("C:/Users/Marcelo/Desktop/BD_REP_DOM/Punta Cana/Datos de mercado estudiados/Apartamentos.xlsx")
venta <- ggplot(Apartamentos, aes(Apartamentos$id, Apartamentos$Valor_Homo))+ geom_line()+  ggtitle("Value of apartments applying the negotiation average, by bedrooms")+ ylab("U$D apartment value")+xlab("ID_Sample")+ facet_wrap(~Dormitorio)+ labs(subtitle = "Altagracia")+ labs(caption = "REPUBLICA DOMINICANA 2023 Made by Marcelo Larroulet Metzger https://www.reicrowd.io/")+theme_bw()+theme(panel.background = element_rect(fill = "#67c9ff"))+ dark_theme_gray() + theme(legend.position = "top")+ geom_point(color='green', size=0.3)
venta %>% plotly::ggplotly()

```

# Maintenance expenses {data-navmenu="Market for sale of apartments"}



### Common expenses of the apartments

As it is well known, the departments have monthly expenses common to the building where they are located, their cost varies greatly depending on the services provided by the building, such is the case of those that have a swimming pool, gym, meeting room, conference room, etc.
Services derive the cost according to the surface of the apartments.
Although we could not obtain these data in all the samples, we did obtain some of them to establish the cost of some of them.

# Graph maintenance expenses, by bedrooms {data-navmenu="Market for sale of apartments"}

```{r}
library(ggplot2)
library(ggdark)
library(readxl)
library(plotly)
library(scales)
library(ggthemes)
Apartamentos <- read_excel("C:/Users/Marcelo/Desktop/BD_REP_DOM/Punta Cana/Datos de mercado estudiados/Apartamentos.xlsx")
mante <- ggplot(Apartamentos, aes(Apartamentos$id, Apartamentos$Maintenance))+ geom_line()+  ggtitle("Common expenses of the building, by bedrooms")+ ylab("U$D_Monthly expenditure")+xlab("ID_Sample")+ facet_wrap(~Dormitorio)+ labs(subtitle = "Altagracia")+ labs(caption = "REPUBLICA DOMINICANA 2023 Made by Marcelo Larroulet Metzger https://www.reicrowd.io/")+theme_bw()+theme(panel.background = element_rect(fill = "#67c9ff"))+ dark_theme_gray() + theme(legend.position = "top")+ geom_point(color='green', size=0.3)
mante %>% plotly::ggplotly()
```

# Samples Overview {data-navmenu="Tourist Rental"}



### Data

For this study, information was collected on platforms specialized in housing rentals for temporary purposes, that is, for tourist use.
For this, the second fortnight of January and the first fortnight of February were taken as the basis of study with a total of 600 samples distributed in these periods, to each processed sample a series of qualitative and quantitative attributes were added, from which the result of the analysis arises study.

[Note = during the following months it is planned to continue surveying this market, the wait for this is to take current data, since rental prices may vary according to the trend of tourist income for which it is necessary to have accurate data.]{style="color:red"}

# Global results {data-navmenu="Tourist Rental"}



### GLOBAL DATA JUNUARY

**When we analyze the data corresponding to the month of January over the second fortnight, we find the following data=**

***-Average daily rental value 127.62 U\$D.***

***-Maximum daily rental value 906.78 U\$D.***

***-Minimum daily rental value 18.00 U\$D.***

### GLOBAL DATA FEBRUARY

**When we analyze the data corresponding to the month of February in its first fortnight, we find the following data=**

***-Average daily value 96.78 U\$D.***

***-Maximum daily value 432.00 U\$D.***

***-Minimum daily value 19.00 U\$D.***

# Global data charts {data-navmenu="Tourist Rental"}

```{r,fig.width=16, fig.height=7}
library(ggplot2)
library(ggdark)
library(readxl)
library(plotly)
library(scales)
library(ggthemes)
library(patchwork)
promedioturistico <- read_excel("C:/Users/Marcelo/Desktop/BD_REP_DOM/Punta Cana/Datos de mercado estudiados/promedioturistico.xlsx")
a <- ggplot(promedioturistico, aes(promedioturistico$Period,promedioturistico$Average))+ geom_col()+ ggtitle("Average value per period")+ ylab("U$D_daily")+xlab("Period")+ labs(subtitle = "Altagracia")+ labs(caption = "REPUBLICA DOMINICANA 2023 Made by Marcelo Larroulet Metzger https://www.reicrowd.io/")+theme_bw()+theme(panel.background = element_rect(fill = "#67c9ff"))+ dark_theme_gray() + theme(legend.position = "top")+ geom_point(color='green', size=0.3)
b <- ggplot(promedioturistico, aes(promedioturistico$Period,promedioturistico$Maximum))+ geom_col()+ ggtitle("Maximum value per period")+ ylab("U$D_daily")+xlab("Period")+ labs(subtitle = "Altagracia")+theme_bw()+theme(panel.background = element_rect(fill = "#67c9ff"))+ dark_theme_gray() + theme(legend.position = "top")+ geom_point(color='green', size=0.3)
c <- ggplot(promedioturistico, aes(promedioturistico$Period,promedioturistico$Minimum))+ geom_col()+ ggtitle("Minimum value per period")+ ylab("U$D_daily")+xlab("Period")+ labs(subtitle = "Altagracia")+ theme_bw()+theme(panel.background = element_rect(fill = "#67c9ff"))+ dark_theme_gray() + theme(legend.position = "top")+ geom_point(color='green', size=0.3)
a+b+c+plot_layout()


```

# Results on 1 and 2 bedroom apartments 2nd fortnight of January {data-navmenu="Tourist Rental"}



###  Results on 1 and 2 bedroom apartments 2nd fortnight of January

After analyzing the values for the second half of January for 1 and 2-bedroom apartments, we obtained the following parameters=

|RENT|
|-------------------------------------------------------|
|***Average value registered in daily rent 90.01 U\$D.***|
|***Maximum value registered in daily rent 446.00 U\$D.***|
|***Minimum value registered in daily rent 18.00 U\$D.***|

# Results on 3 and 4 bedroom apartments 2nd fortnight of January {data-navmenu="Tourist Rental"}



### Results on 3 and 4 bedroom apartments 2nd fortnight of January

After analyzing the values for the second half of January for 3 and 4 bedroom apartments, we obtained the following parameters=

|RENT|
|-------------------------------------------------------|
|***Average value registered in daily rent 192.60 U\$D.***|
|***Maximum value registered in daily rent 906.78 U\$D.***|
|***Minimum value registered in daily rent 40.96 U\$D.***|

# Results on 1 and 2 bedroom apartments 1nd fortnight of February {data-navmenu="Tourist Rental"}

### Results on 1 and 2 bedroom apartments 1nd fortnight of February

First fortnight of February values thrown in apartments with 1 and 2 bedrooms=

|RENT|
|-------------------------------------------------------|
|***Average daily value registered 77.51 U\$D.***|
|***Maximum daily value registered 200.00 U\$D.***|
|***Minimum daily value registered 19.00 U\$D.***|

# Results on 3 and 4 bedroom apartments 1nd fortnight of February {data-navmenu="Tourist Rental"}

### Results on 3 and 4 bedroom apartments 1nd fortnight of February

First fortnight of February values thrown in apartments with 3 and 4 bedrooms=

|RENT|
|-------------------------------------------------------|
|***Average daily value registered 133.64 U\$D.***|
|***Maximum daily value registered 432.00 U\$D.***|
|***Minimum daily value registered 30.00 U\$D.***|

# Daily spending categorized by number of bedrooms {data-navmenu="Tourist Rental"}

```{r}
library(ggplot2)
library(ggdark)
library(readxl)
library(plotly)
library(scales)
library(ggthemes)
turismo <- read_excel("C:/Users/Marcelo/Desktop/BD_REP_DOM/Punta Cana/Datos de mercado estudiados/turismo.xlsx")
dia <- ggplot(turismo, aes(turismo$id, turismo$Dia))+ geom_line()+  ggtitle("Daily cost according to number of bedrooms")+ ylab("U$D_daily")+xlab("ID_Sample")+ facet_wrap(~Habitacion)+ labs(subtitle = "Altagracia")+ labs(caption = "REPUBLICA DOMINICANA 2023 Made by Marcelo Larroulet Metzger https://www.reicrowd.io/")+theme_bw()+theme(panel.background = element_rect(fill = "#67c9ff"))+ dark_theme_gray() + theme(legend.position = "top")+ geom_point(color='green', size=0.3)
dia %>% plotly::ggplotly()

```

# Statistical summary {data-navmenu="Tourist Rental"}



| Bedroom | Period               | Half   | Maximum | Minimum |
|---------|----------------------|--------|---------|---------|
| 1_2     | 2nd half of January  | 90.01  | 446.00  | 18.00   |
| 3_4     | 2nd half of January  | 192.60 | 906.78  | 40.96   |
| 1_2     | 1st half of February | 77.51  | 200.00  | 19.00   |
| 3_4     | 1st half of February | 133.64 | 432.00  | 30.00   |


## Graphic Average over minimum and maximum of the period {data-navmenu="Tourist Rental"}

```{r}
library(flexdashboard)

gauge(90.01, min = 18.00, max = 446.00, label = 'Half', gaugeSectors(success = c(100,446), warning = c(18,100), danger = c(0,70)))
gauge(192.60, min = 40.96, max = 906.78,label = 'Half',gaugeSectors(success = c(500,906.78), warning = c(499,900), danger = c(0,70)))
gauge(77.51, min = 19.00, max = 200.00,label = 'Half',gaugeSectors(success = c(200,446), warning = c(80,100), danger = c(0,79)))
gauge(133.64, min = 30.00, max = 432.00,label = 'Half',gaugeSectors(success = c(200,446), warning = c(18,100), danger = c(0,70)))

```


Column {.tabset}
-------------------------------------

### Graphics average daily rental cost 2nd half of January 

```{r, fig.width=6.5, fig.height=6.5}
library(ggplot2)
library(ggdark)
library(readxl)
library(plotly)
library(scales)
library(ggthemes)
Mediaenero <- read_excel("C:/Users/Marcelo/Desktop/BD_REP_DOM/Punta Cana/Datos de mercado estudiados/Mediaenero.xlsx")
Mediafebrero <- read_excel("C:/Users/Marcelo/Desktop/BD_REP_DOM/Punta Cana/Datos de mercado estudiados/Mediafebrero.xlsx")

ggplot(Mediaenero,aes(x="",y=Half, fill=Bedroom))+geom_bar(stat = "identity",color="white")+geom_text(aes(label=Half),position=position_stack(vjust=0.5),color="white",size=6)+coord_polar(theta = "y")+ ggtitle("Average daily rental cost 2nd half of January")+ labs(subtitle = "Altagracia")+ labs(caption = "REPUBLICA DOMINICANA 2023 Made by Marcelo Larroulet Metzger https://www.reicrowd.io/")+theme_bw()+theme(panel.background = element_rect(fill = "#67c9ff"))+ dark_theme_gray() + theme(legend.position = "top")+ geom_point(color='green', size=0.3)

```

### Graphics average daily rental cost 1st fortnight of February

```{r, fig.width=6.5, fig.height=6.5}
library(ggplot2)
library(ggdark)
library(readxl)
library(plotly)
library(scales)
library(ggthemes)
Mediaenero <- read_excel("C:/Users/Marcelo/Desktop/BD_REP_DOM/Punta Cana/Datos de mercado estudiados/Mediaenero.xlsx")
Mediafebrero <- read_excel("C:/Users/Marcelo/Desktop/BD_REP_DOM/Punta Cana/Datos de mercado estudiados/Mediafebrero.xlsx")


ggplot(Mediafebrero,aes(x="",y=Half, fill=Bedroom))+geom_bar(stat = "identity",color="white")+geom_text(aes(label=Half),position=position_stack(vjust=0.5),color="white",size=6)+coord_polar(theta = "y")+ ggtitle("Average cost of daily rent 1st fortnight of February")+ labs(subtitle = "Altagracia")+ labs(caption = "REPUBLICA DOMINICANA 2023 Made by Marcelo Larroulet Metzger https://www.reicrowd.io/")+theme_bw()+theme(panel.background = element_rect(fill = "#67c9ff"))+ dark_theme_gray() + theme(legend.position = "top")+ geom_point(color='green', size=0.3)


```

# Index of direct construction costs

### Index of direct costs of housing construction from February 2021 to March 2022

<i class="fa fa-calendar fa-2x"></i> <b style = 'color : orange; font-size: 20px;'>0,51% Monthly.</b> 

<i class="fa fa-calendar fa-2x"></i>  <b style = 'color : orange; font-size: 20px;'>2,38% Running Year.</b> 

<i class="fa fa-calendar fa-2x"></i> <b style = 'color : orange; font-size: 20px;'>11,52% 12 Monthly .</b>   

### Variation by type of dwelling

<i class="fa fa-home fa-2x"></i> <b style = 'color : orange; font-size: 20px;'>0,42% One level single family.</b>   

<i class="fa fa-home fa-2x"></i> <b style = 'color : orange; font-size: 20px;'>0,51% Split level single family.</b>   

<i class="fa fa-home fa-2x"></i> <b style = 'color : orange; font-size: 20px;'>0,45% Four-level multifamily.</b>

<i class="fa fa-home fa-2x"></i> <b style = 'color : orange; font-size: 20px;'>0,66% Multifamily of eight levels or more.</b>

### Cost Groups

<i class="fa fa-pencil fa-2x"></i> <b style = 'color : orange; font-size: 20px;'>1,04 % tools.</b>

<i class="fa fa-pencil fa-2x"></i> <b style = 'color : orange; font-size: 20px;'>0,16 % Materials.</b>

<i class="fa fa-pencil fa-2x"></i> <b style = 'color : orange; font-size: 20px;'>11,75 % Subcontracts.</b>

<i class="fa fa-pencil fa-2x"></i> <b style = 'color : orange; font-size: 20px;'>0,00 % Labour.</b>

<i class="fa fa-pencil fa-2x"></i> <b style = 'color : orange; font-size: 20px;'>-0,84 % Machinery.</b>


# Mortgage credit

### Access

***Who can acquire a mortgage loan?***

-Dominicans residing in the Dominican Republic

-Dominicans residing abroad

-Foreign

***Requirements***

Foreigners and Dominicans living abroad =

last 2 taxes paid
last 3 account statements
Income certification (such as employment letter)
Identity documents (ID or Passport)

Dominicans and residents in the Dominican Republic =

last 3 account statements
Income certification (such as employment letter)
Identity documents (ID or Passport)

Once the client has the approval of the bank, he can proceed to reserve the property he wants to buy.

Bank pre-approval does NOT mean a mortgage credit approval. It only means that the client has the ability to have their mortgage loan for the purchase of the property.
That is why it is very important to keep your credit correct until you request the final loan.

Dominicans can acquire a loan for normally 80% of the sale price. Some banks under certain conditions offer 90%. Foreigners can acquire a loan of 50 to 60% of the sale price of the property.

The rates to acquire a mortgage loan in the main commercial banks of the Dominican Republic range from 9.50% to 28%. These percentages will be affected by the duration of the financing and the value of the property.


# Foreign investment {data-navmenu="Foreign investment"}

### Equal Treatment for Nationals and Foreigners

The Constitution of the Dominican Republic grants foreign investors the same rights as nationals and demands the same duties from them; that is, foreign investors are subject to the same rules and regulations applicable to local ones.

Legal framework

Law 16-95 on Foreign Investment, promulgated on November 20, 1995, expressly recognizes that foreign investment contributes to the economic growth and development of the Dominican Republic and, therefore, eliminates all barriers that previously existed to the flow of capital to and out of the country. Since then, foreign investors have unlimited access to all sectors of the Dominican economy, with the exception of those related to matters of national security.

Registration of foreign investment with government authorities is not mandatory. Nor is state approval required for the repatriation abroad, in foreign currency, of capital invested or profits received by companies.

State Aid for Foreign Investors

The Export and Investment Center of the Dominican Republic (CEI-RD) is a government institution created in 2013 with the purpose of promoting exports and facilitating and expediting foreign investment in the country. The CEI-RD assists foreign investors in their business activities in the Dominican Republic by providing them with free advice and information, as well as coordinating their applications for government permits.

The Center also sponsors activities to promote the Dominican Republic as an investment destination, as well as to guide potential investors on the best way to plan and execute their projects in the country.
Government Guarantees for Foreign Loans

The Dominican Government also supports foreign investment by granting its sovereign guarantee to loans signed with international organizations for important infrastructure projects in the Dominican Republic. Foreign investors in large projects commonly use capital and insurance against political and foreign exchange risks provided by the Multilateral Investment Guarantee Agency (MIGA) and the Overseas Private Investment Corporation (OPIC), institutions with which the Dominican Republic has signed cooperation agreements.

The Multilateral Investment Guarantee Agency (MIGA) is an independent development cooperation institution created by the World Bank in 1988 to provide, in addition to guarantees to investors against losses caused by political risks, technical assistance to promote investments in developing countries.

The Overseas Private Investment Corporation (OPIC) is a United States federal agency that helps United States companies compete in emerging markets by insuring them against the risks of political violence, expropriation, and non-exchangeability.

Incentives for Foreign Investment

In a deliberate effort to attract capital, the Dominican Republic has put in place an extensive system of incentives for investors. The most important initiatives in this regard are described below.

Incentives for Investment in the Tourism Sector

The tourism boom in the Dominican Republic began with the promulgation, in 1971, of a law that granted great incentives to investors willing to risk their capital in a country that, at that time, ranked last in the region as a destination. tourist.

Today, when the Dominican Republic is the undisputed leader in tourism in the Caribbean, tourism companies still enjoy significant incentives to continue investing in the sector. Indeed, Law 158-01, on Tourism Incentives, modified by Law 195-13, grants broad tax exemptions, for periods of up to fifteen years, for new projects that meet the established requirements.

These incentives favor new investments in the following tourism activities:

(a) Hotel facilities, resorts and hotel complexes.

(b) Construction of facilities for conventions, fairs, international congresses, festivals, shows and concerts.

(c) Construction and operation of amusement parks, ecological parks and theme parks.

(d) Construction or operation of port and maritime infrastructures at the service of tourism.

(e) Construction or operation of tourist infrastructures, such as aquariums, restaurants, golf courses and sports facilities.

(f) Small or medium-sized businesses whose market is fundamentally based on tourism (handicrafts, ornamental plants, tropical fish, breeding farms for small endemic reptiles, etc.

(g) Construction of basic infrastructure for the tourism industry, such as aqueducts, treatment plants, environmental sanitation, garbage and solid waste collection.

(h) Tourist accommodation or other facilities that complement it, such as villas, lots, apartments, moorings for boats, etc.

Regarding existing hotels and resorts, those with more than five years of construction benefit from a total exemption from the payment of the transfer tax on industrialized goods and services (ITBIS) on the equipment, materials, machinery and movable property necessary for the modernization and renovation of its facilities.

For their part, hotels and resorts with more than fifteen years of construction that are rebuilt or remodeled in more than 50% of their facilities can take advantage of the same tax exemptions as new projects.

In addition, individuals and companies may deduct from their income tax up to 20% of the annual earnings that they invest in an approved tourism project.
The Tourism Promotion Council (Confotur) is the government institution in charge of examining and approving the applications of companies that wish to benefit from the provisions of Law 158-01, as well as, in general, supervising their compliance. Once Confotur approves the application, the investor who wishes to benefit from the incentives established by law must start work on the approved project, in a sustained and uninterrupted manner, within a period of three years; if you do not, you will lose all the benefits of the law.


# FOREIGN INVESTMENT LAW 16-95 {data-navmenu="Foreign investment"}

### LAW 16-95

THE NATIONAL CONGRESS 
IN THE NAME OF THE REPUBLIC 

WHEREAS : That the Dominican State recognizes that foreign investment and technology transfer contribute to the economic growth and social development of the country, insofar as they favor the generation of jobs and foreign exchange, promote the capitalization process and provide efficient methods of production, marketing and administration:

WHEREAS : The convenience that investors, both foreign and national, have similar rights and obligations in investment matters;

HAS GIVEN THE FOLLOWING LAW

ART 1 : For the purposes of this law on foreign investment, it is understood by:

a) Foreign Direct Investment: 

Contributions from abroad, owned by foreign individuals or legal entities or by national individuals residing abroad, to the capital of a company that operates in the national territory:

b) Foreign Reinvestment: 

The foreign investment made with all or part of the profits from a foreign investment registered in the same company that generated them;

c) New Foreign Investment: 

Foreign Investment made with all or part of the profits from foreign direct investment duly registered in a company other than the one that generated the profits;

d) Foreign Investor: 

The owner of a duly registered foreign investment.

e) National Inversion: 

The one carried out by the State, the municipalities and national legal persons, domiciled or resident in the national territory that do not meet the conditions to obtain the foreign investment certificate;

f) Central Bank

It is the Central Bank of the Dominican Republic:

Article 2 . Foreign investment can assume the following forms:

a) Contributions in freely convertible currency, exchanged in a bank amount authorized by the Central Bank

b) Contributions in Nature, such as industrial plants, new and reconditioned machinery, spare parts, parts and pieces, raw material, intermediate products and final goods, as well as intangible technological contributions; Y

c) The financial instruments to which the Monetary Board attributes the category of foreign investment, except those that are the product of contributions or internment of a Dominican external debt reconversion operation.

Paragraph I : Regardless of the investments contemplated in literal b) of this article, technology transfer contracts may be signed with foreign natural or legal persons, such as technology license contracts, technical assistance, technical services, basic engineering and of detail.

Paragraph II : Intangible technological contributions are understood as resources from technology, such as trademarks, product models or industrial or service processes, managerial and franchise technical assistance. The regulations for the application of this law will determine the general regime that will be applied to technology, including the areas that will allow the capitalization of intangible technological contributions.

Art.3. Foreign Investment Destinations: 

a) In investments in the capital of an existing or new company, in accordance with the stipulations contained in the Commercial Code of the Dominican Republic, including the establishment of branches, in accordance with the conditions established by law.

Foreign investment in joint stock companies must be represented in registered shares.

b) In investments in real estate located in the Dominican Republic, with the current limitations applicable to foreigners and

c) In investments intended for the acquisition of financial assets, in accordance with the general rules issued on the matter by the monetary authorities.

ART. 4 . Within 90 days of making your investment, any investor or foreign company must register it with the Central Bank of the Dominican Republic. For these purposes, it will deposit the following documents:

a) Application for registration, consigning all the information related to the capital invested and the area where the investment has been made:

b) Proof of entry into the country of foreign currency or physical or intangible goods;

c) Constitutive documents of the Commercial Company or the authorization of the operation of branches by fixing the domicile.

Paragraph I : Once the document deposit requirements have been met, the Central Bank will immediately issue the applicant a Foreign Direct Investment Registration Certificate.

Paragraph II : Foreign Reinvestment and New Foreign Investment described in article I of this Law, will also be registered with the Central Bank, complying with the requirements stipulated in the application regulations.

Paragraph III : In the case of companies that operate in the Free Industrial Zones, the registration and delivery of the information will be made to the National Council of Export Free Zones, which will have the obligation to notify the Central Bank immediately.

ART. 5 . Foreign investments will not be allowed in the following lines:

a) Disposals and waste of toxic, dangerous or radioactive garbage not produced in the country;

b) Activities that affect public health and the balance of the country's environment, according to the regulations that apply in this regard; Y

c) Production of materials and equipment directly linked to national defense and security, unless expressly authorized by the Executive Branch.

Paragraph I : When Foreign investment affects the ecosystem in its area of ​​influence, the investor must present a project with the provisions that recover the ecological damage that may be caused.

Paragraph II : The competent authorities related to the matter in question, will be in charge of compliance with the provisions contained in this article.

Paragraph III : Foreign investments will be made in each area of ​​the national economy, in accordance with the conditions and limitations imposed by the laws and regulations that govern each of said areas.

ART. 6 . Investors and companies or companies in which foreign investors participate, or who are owners, will have the same rights and obligations that the laws confer on national investors, except for the exceptions provided for in this law or in special laws.

ART. 7 . Individuals or legal entities that make the investments defined in article 1 of this Law, will have the right to remit abroad, in freely convertible currencies, without the need for prior authorization, the total amount of capital invested and the dividends declared during each fiscal year. , up to the total amount of current net profits for the period, after payment of Income Tax, including capital gains made and recorded in the company's books in accordance with generally accepted accounting principles.

They may also repatriate, under the same conditions, the obligations resulting from technical service contracts where fees are established for reasons of technology transfer and/or contracts for the local manufacture of foreign brands where they include royalty payment clauses, provided that Said contracts and the amounts or payment procedures involved have been previously approved by the Central Bank of the Dominican Republic or an official body that is designated later to coordinate, expedite and supervise everything related to Foreign Investment.

ART. 8 . Within the following 60 days, the foreign investor must notify the Central Bank of the following:

a) Declaration of profits contained in the fiscal year duly certified by an authorized Public Accountant, specifying the percentage of said profits that was subject to remittance:

b) Documentary verification of the balance of tax commitments.

ART. 9 . Failure to comply with this obligation will entail the applicable sanctions contained in the Law that governs the obligation to provide information to the Central Bank of the Dominican Republic.

The Central Bank must report annually to the National Congress on everything related to the flows of Foreign Investment in the country.

ART. 10 . Article 12, added by Law 622, of December 28, 1973, of April 6, 1966, is amended so that it reads as follows:

ART. 12. Foreign natural and legal persons, as well as nationals, can engage in the promotion or management of imports, sales, rentals or any other form of trafficking or exploitation of merchandise or products of foreign origin that are produced in the Dominican Republic. of foreign origin that are produced abroad or in the country, whether acting as an agent, representative, commission agent, exclusive distributor, concessionaire or under any other name. However, if the physical or legal person who is going to engage in this activity has maintained a commercial relationship with local dealers, they must agree and deliver previously and in writing the equitable and complete reparation for the damages caused by such cause,

ART. 11  This Law repeals Law number 861; dated July 22, 1978, and Law No. 138 dated 1983. Subparagraph d) of Article 3 of Law No. 251, dated May 11, 1964, on international transfers of funds, is also repealed.

ART. 12  (transient). In the case of accumulated benefits from previous years and retained as a result of the remittance limitations established by Law No.861, each company will have the right to request the approval of a gradual distribution program, with a minimum of 5 years for its full realization.

The disclosure surpluses recorded in the capital accounts of companies that have revalued their assets will not be considered foreign investment for the purposes of capital distribution, except when these revaluation benefits become liquid assets, by sale to unrelated third parties. to the enterprise.

ART. 13 . This law repeals any other express legal provision that is contrary to it.

GIVEN  in the Sessions Room of the Chamber of Deputies, Palace of the National Congress, in Santo Domingo de Guzmán, National District, capital of the Dominican Republic, on the twenty-fourth day of the month of October of the year one thousand nine hundred and ninety-five; years 152 of independence and 133 of the Restoration.

(FDOS)