Wondering why move to the DR when there is more opportunity and protection in the US?
How much time have you spent in the DR to immerse yourself into the culture, especially the business culture?
Yes, you can import cars from the US. Used cars that enter the country can be no older than 7 years.
News releases in recent months indicated three associations of about 1200 used car dealers complained to the government that Customs increased the valuation of used cars entering the country. The dealers allegedly are saying the action of Customs is forcing them into bankruptcy. Unless you belong to an association you have very little or no protection from the sharks circling you. If you have no Dominican roots you are shark bait.
The business is one of fierce competition for the few buyers able to afford used cars. You could do better selling aftermarket or used auto parts.
You need to research in the DR.
Regards,
PJT
Cars can be no older than 5 years.
The chief complaint by the used car dealers is that the government has not adjusted the price of the used car values on which the dealers pay tax.....to actually reflect their real value.
Of course any downward adjustment as to value.....would mean less tax money for the government.
By way of example, a 2011 Toyota Camry has had a valuation of 619,000 pesos for so long....I stopped looking to see when Aduana would actually revise their valuation. That is the chief complaint of the used car guys. The taxes are so high it is difficult to buy, ship, pay taxes, and make a profit.
That of course, and the fact that so many cars are imported here to wash money.
Respectfully,
Playacaribe2