The Dominican Republic is located on the island of Hispaniola between the Caribbean Sea and North Atlantic Ocean. There are more than 10.22 million people living in the country with 69% in urban areas.
The Dominican Republic is an exporter of agricultural products like sugar and coffee and also gets some revenue from tourism. For the first eight months of 2018 more than 4,644 million international tourists visited the Dominican Republic.
Franchising has become popular in the country since long ago and continues expanding here. The capital city, Santo Domingo with 2.91 million citizens as well as the other large cities such as Santiago de los Caballeros (1.2 mln), Santo Domingo Oeste (701,269), and Santo Domingo Este (700,000) provide the best opportunities for different franchise businesses. Franchise business is considered to be one of the quickest and simplest ways to start own company in the Dominican Republic. Besides, franchising positively influences the economy of the Republic enabling over 7,800 outlets and over 75,000 jobs.
The franchise market is divided between US brands (45% of the total market share) and Dominican companies which account for 40 percent of the market. There are also businesses from Spain, Venezuela, Canada and others.
The most successful franchise companies are operating in such sectors as services (25%); retail sales (22%); restaurants (20%); education (14%); personal care (9%); entertainment (5%); and others (5%).
There are high investment business opportunities, as well as cheap franchises in the Dominican Republic presented for review, the choice is yours.
Capital: Santo Domingo
Currency: Peso (DOP)
Education Index (2015): 0,622
Official languages: Spanish
Per capita GDP (PPP): $18,164
Quality-of-life index (0-10): 5,93
Population: 10,7 mln
Total GDP (PPP): $186,983 billion
Ease of Doing Business Ranking, Rank: 102
Human Development Index (HDI): 0,736