What Are The Best Business Ventures To Start In The Dominican Republic In 2024?

[geovannyvicente]

Tourism stands out as the leading industry in the Dominican Republic, and Punta Cana is the main geographical area in this sector, the region that attracts both tourists and foreign investors willing to create businesses worth millions of dollars around this vibrant sector. However, other key economic sectors include agriculture, construction, healthcare, financial services, transportation, and local manufacturing.

What are some business ideas to consider if I were to start a business in the Dominican Republic this year? What about an already well-established franchise business? What if I start my own franchise?

Thanks in advance for all your insights and feel free to contact/DM me through any of my social media credentials below in case you want to pitch an idea/proposal outside this space. Leaving my email account may not be a good idea but my DM is always open on the social platform you feel more comfortable with. I will be happy to discuss it further with you.

Best,

Geovanny Vicente-Romero

P.S. I am open to the possibility of exploring partnership ventures.



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Column for CNN en Español: https://cnnespanol.cnn.com/author/geovanny-vicente-romero/

 

[keepcoming]

Please forgive my question but based on your posted credentials (which you have posted several times), your social circle, your family, etc...is there a reason you would come on to a social media forum and "look" for partnership opportunities? Explaining may help others understand your thought process on this.

 

[RDKNIGHT]

best business is to make body bags for all the people in the Punta Cana area that get hit in car accidents and Moto accidents left for dead on the street

 

[geovannyvicente]

best business is to make body bags for all the people in the Punta Cana area that get hit in car accidents and Moto accidents left for dead on the street

Hopefully, at some time in the near future, the government, private sector and civil society will devote more time on developing public policies aimed at influencing our general society towards more responsible driving habits while reducing deaths from motor vehicle crashes. Thank you for raising this major concern!

 

[aarhus]

Hopefully, at some time in the near future, the government, private sector and civil society will devote more time on developing public policies aimed at influencing our general society towards more responsible driving habits while reducing deaths from motor vehicle crashes. Thank you for raising this major concern!

It will be interesting to follow your posts and commentary. This sounded a bit AI like though. Or like a politician.

 

[geovannyvicente]

It will be interesting to follow your posts and commentary. This sounded a bit AI like though. Or like a politician.

Thank you for sharing your perspective, Aarhus! It was my best answer to a comment that is clearly beyond the scope of the initial question in this business section but yet I believe it's a genuine concern that needs to be raised and discussed not matter what. It's a call to action!

P.S. Being a new member in this community, not matter what answer I choose to share, it always comes across in a way that draws comments like the interpretation above.

 

[JD Jones]

Thank you for sharing your perspective, Aarhus! It was my best answer to a comment that is clearly beyond the scope of the initial question in this business section but yet I believe it's a genuine concern that needs to be raised and discussed not matter what. It's a call to action!

Ha ha.. Some of us on here are clearly well versed on going off topic. (Ahem)

 

[geovannyvicente]

Ha ha.. Some of us on here are clearly well versed on going off topic. (Ahem)

Thank you, JD Jones.

 

[keepcoming]

Coming from a family of lawyers, judges, etc.... with an extensive political background, do you think that would hinder certain business opportunities? Are there certain areas of business that you feel would be more suited to you given your background? Is Punta Cana your main focus as far as business opportunities?

 

[Big]

PONZI schemes are great money makers

 

[geovannyvicente]

Coming from a family of lawyers, judges, etc.... with an extensive political background, do you think that would hinder certain business opportunities? Are there certain areas of business that you feel would be more suited to you given your background? Is Punta Cana your main focus as far as business opportunities?

Hi Keepcoming! You certainly honor your well-selected username. Thank you for your comment and great questions. At the moment, I am just testing the waters, in general, since now I am looking forward to spending more time in my country which is the reason I carefully picked the business section to get some insights on the current state of business in the Dominican Republic.

 

[keepcoming]

Thank you for your response. It is important to be clear about reasons/motives in order to get the best responses to your business inquiry. As someone with such a background as yours, I am sure you can understand why some may find your posts/threads a bit suspicious/suspect. In this day in age where anything is possible on social media, such as AI, hacking, etc...many choose to be leery when it comes to business ventures, more so in the DR. There are many members here on DR1 who have been successful with business ventures in the DR, and some who have not.

 

[geovannyvicente]

Thank you for your response. It is important to be clear about reasons/motives in order to get the best responses to your business inquiry. As someone with such a background as yours, I am sure you can understand why some may find your posts/threads a bit suspicious/suspect. In this day in age where anything is possible on social media, such as AI, hacking, etc...many choose to be leery when it comes to business ventures, more so in the DR. There are many members here on DR1 who have been successful with business ventures in the DR, and some who have not.

Simply loved your comment! Thanks for sharing your thoughts here.

 

[slowmo]

Any "gringo funded" but locally owned business should do well.

 

[Fulano2]

Prestamista. Short terms, small amounts (50k), 10% a week.

 

[fuchs4d]

Asked gemini.google.com:
What Are The Best Business Ventures To Start In The Dominican Republic In 2024?
Answer:
The Dominican Republic boasts a growing economy and a thriving tourism industry, making it a prime location for entrepreneurs.expand_more Here are some promising business ventures to consider for 2024:

Capitalizing on Tourism:

• Vacation Rentals: With tourism on the rise, property management for vacation rentals can be lucrative.expand_more
• Tour Guiding: If you have a passion for the Dominican Republic's history and culture, become a certified tour guide.
• Event Planning: Plan destination weddings, corporate retreats, or cultural events to cater to tourists.

Targeting Local Needs:

• Eco-Friendly Products: The Dominican Republic is becoming more environmentally conscious.expand_more Open a store selling eco-friendly products or start a related service.
• Technology Solutions: Bridge the digital divide by offering IT support, web design, or software development to local businesses.
• Educational Services: Provide English language courses, skill-development workshops, or tutoring services.

Alexander

 

[geovannyvicente]

Asked gemini.google.com:
What Are The Best Business Ventures To Start In The Dominican Republic In 2024?
Answer:
The Dominican Republic boasts a growing economy and a thriving tourism industry, making it a prime location for entrepreneurs.expand_more Here are some promising business ventures to consider for 2024:

Capitalizing on Tourism:

• Vacation Rentals: With tourism on the rise, property management for vacation rentals can be lucrative.expand_more
• Tour Guiding: If you have a passion for the Dominican Republic's history and culture, become a certified tour guide.
• Event Planning: Plan destination weddings, corporate retreats, or cultural events to cater to tourists.

Targeting Local Needs:

• Eco-Friendly Products: The Dominican Republic is becoming more environmentally conscious.expand_more Open a store selling eco-friendly products or start a related service.
• Technology Solutions: Bridge the digital divide by offering IT support, web design, or software development to local businesses.
• Educational Services: Provide English language courses, skill-development workshops, or tutoring services.

Alexander

Thank you for your contribution, Alexander. This is the first comment that really addresses my initial question. Very helpful!

 

[XQT]

Tourism stands out as the leading industry in the Dominican Republic, and Punta Cana is the main geographical area in this sector, the region that attracts both tourists and foreign investors willing to create businesses worth millions of dollars around this vibrant sector. However, other key economic sectors include agriculture, construction, healthcare, financial services, transportation, and local manufacturing.

What are some business ideas to consider if I were to start a business in the Dominican Republic this year? What about an already well-established franchise business? What if I start my own franchise?

Thanks in advance for all your insights and feel free to contact/DM me through any of my social media credentials below in case you want to pitch an idea/proposal outside this space. Leaving my email account may not be a good idea but my DM is always open on the social platform you feel more comfortable with. I will be happy to discuss it further with you.

Best,

Geovanny Vicente-Romero

P.S. I am open to the possibility of exploring partnership ventures.



Contact info:

Public profile: https://g.co/kgs/Rq4odsu
Website: https://geovannyvicente.com/
Linkedin: https://www.linkedin.com/in/geovannyvicenteromero/?locale=en_US
Youtube:https://www.youtube.com/@GeovannyVicenteRomero
Twitter: https://twitter.com/GeovannyVicentR
Facebook: https://www.facebook.com/GeovannyVicentR/
Instagram: https://www.instagram.com/geovannyvicente/
TikTok: https://www.tiktok.com/@geovannyvicenter

Column for CNN en Español: https://cnnespanol.cnn.com/author/geovanny-vicente-romero/

No business should be started in the DR by foreigners.

If you live in US, EU, CAN and have at least an average education you will do financially much better in business there.
With proper structures and laws.

There are of course some exceptions.
In Tourism the large Spanish A.I.'s are well established, including some US chains.
Someone like Playa who is based in the US but also has DR knowledge and connections and who ships to here can make money.

You could grow/export specialty produce and fly it daily to Asia or EU.

If you are looking for a hobby dabble in real estate, tourist rentals, burger and hotdogs stand or a beach bar in Sosua.
They are going for a bargain right now.
You could also invest in Playa Bergantin and build luxury 5* resorts or condos for inflated gringo prices.

If you were to build a railroad connection PUJ, SDQ, STI, POP, for tourism, transit and freight you would also be successful.

For R.O.I I rather stick to the established first world.

 

[XQT]

Thank you for sharing your perspective, Aarhus! It was my best answer to a comment that is clearly beyond the scope of the initial question in this business section but yet I believe it's a genuine concern that needs to be raised and discussed not matter what. It's a call to action!

P.S. Being a new member in this community, not matter what answer I choose to share, it always comes across in a way that draws comments like the interpretation above.

Thank you for your comments and concerns.

Yet you come across as a B.S. marketer.

Have you tried being an influencer?

 

[fuchs4d]

This is the first comment that really addresses my initial question. Very helpful!

This is the what googles woke AI recommends.
Except for #1 the following 5 ideas will not generate enough income to survive in my opionion.

Will be interesting what an AI feeded with conservative input and/or loosen safety rules will output (for example: watching men servive, arms dealership, casino, security camera installation, employment abroad and visa service, medical services, drug store, orthopedic aids).

Alexander