Best Business in the DR

melphis

Living my Dream
Apr 18, 2013
2,559
595
113
The internet is full of these already. Even before the Venezuelans arrived there were quite a few, now they are everywhere. Just need to know where to look.

I knew it was a good idea. The OP should also know that any good idea will have 5 copy cats within a week on the same street.
 

Russell

Well-known member
Jun 17, 2017
1,056
336
83
People get into businesses for mostly all the wrong reasons.
Small 'Mom and Pop' businesses can easily be cloned down the street.
That is a disaster in the making.
Wealthy Dominicans will see you doing well and will clone you simply because they can afford it.
Depending upon the Ex-Pat community is not a long term good plan. One of them will see how great it is and duplicate your efforts ....thats the way it is.
Yes a good Electrician is a safe bet.... then it is all up to skills. Have some cash reserve until you are up and running.
DR is not a good culture to start up an idea that depends upon the local population for their subsistence.It is quite complicated and not foreign investment friendly.
On the other hand , Other Ex-Pats have surprisingly done well.
So it is a crap shoot at best. If you want to try a business idea, and have the spare cash you are prepared to loose then give it a go.
Just do not look at the potential profits and get blinded by promises of high returns.
Location is another serious consideration... rural, small towns, cities , tourist and industrial zones ; all must be taken into consideration.
Then be prepared for the Local Officials who want and may even demand a commission for them allowing you to do business in ''their area''.
It is a bit like Mineral Prospecting... you could spend your life trying something out before you strike it rich .
If you are retired with a little nest egg; then why not spend the afternoon under a shady tree and sip a cold glass of rum and ice.... the rewards are guaranteed and you will sleep better.
Thats my opinion anyway.
Russell
 

drisforme

Active member
May 28, 2016
141
25
28
Any jobs related to construction can do well (Architect ,Builder ,Electrician, wood worker ,tiles ,custom windows,...)

Based on my experience after building a house ,If you are really qualified in your job ,speak some english, understand expectation from gringos and not the mañana pattern, you should do well because you are quite unique and they are demands.
 
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Gadfly

ya tu sabes
Jul 7, 2016
258
123
43
Recycling Business for plastics, metals, paper, etc? (yes!) Vending Machines for snacks? (noooo!)
 

Cdn_Gringo

Gold
Apr 29, 2014
8,198
801
113
Secure the country wide distribution rights for fuel line magnet devices. You'll fit right into the business community mentality here and your competitors will have to get their product from you. Win/win.

Anyone may use this idea royalty free. My gift to you. I you are not successful it's your fault because the product and the concept is fool friendly. You may not sue me because of the decisions you made.

[video=youtube;gJmEVlodbrU]https://www.youtube.com/watch?v=gJmEVlodbrU[/video]
 

potus

Active member
Dec 27, 2015
471
50
28
A business consulting service.

For $200 an hour, I will explain with graphs and pie charts why someone who has never been in business before should not even consider it in the DR, unless that have a morbid wish to rocketsled into brokeness.

Funny, but could not agree more.........Money down the drain at once.......whush!!!!
 

JD Jones

Moderator - Covid 19 in DR & North Coast
Jan 7, 2016
3,765
1,686
113
Recycling Business for plastics, metals, paper, etc? (yes!) Vending Machines for snacks? (noooo!)

there is a big recycling community here for just about everything you can think of. They just happen to be very inconspicuous and do not want to draw attention to their operations.
 

ctrob

Silver
Nov 9, 2006
5,317
440
83
Manufacture toilet seats that can’t be stolen ;)



 

frank12

Gold
Sep 6, 2011
11,844
0
36
A well organized operation and work as a madam. That could work here. Places like Bavaro and Sosua could probably benefit from a really well organized whore house.
A suttle one. Not a dance club, or a raunchy bar but a quiet, clean operation.
If I get bored this year look for it in Bavaro or Uvero Alto.

There's already one that exists here on the North Coast. It's been here a long time. Very suttle. I should add that it's only for high rollers. It's $1,000 a night. Been in business longer than 10-yrs now.
 
Jan 9, 2004
9,451
721
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there is a big recycling community here for just about everything you can think of. They just happen to be very inconspicuous and do not want to draw attention to their operations.

And therein lies the key to many successful businesses in the DR..........operating low key.........under the radar......in less than glamorous businesses.


Respectfully,
Playacaribe2
 

PICHARDO

One Dominican at a time, please!
May 15, 2003
12,909
624
113
Santiago de Los 30 Caballeros
One would think there's not a single biz in the DR by reading these posts...


There are plenty of businesses to invest into the DR which will make a good profit.

* CNG engines for vehicles or motos.

* CAD/CAM machining factory.

* Large and Small home appliances manufacturing.

* Commercial Appliances manufacturing.

* Quartz/Marble/Stones Smith 5 Axis CAM

* Metal Stamping manufacturing.

* Vacuum Forming manufacturing.

* TV/Movies props manufacturing/rental supply.

* Recycling facilities.

* Hardware manufacturing.

* Fashion designer label/exports.

* Leather goods manufacturing/exports.

* Medical instruments manufacturing/exports.

* Dry Vans/Flatbed manufacturing/local.

* Forklift manufacturing local/exports.

* Hurricane class prefab modular homes/buildings manufacturing local/exports.



Just to list a few...

Already invested in some of these in the DR with high success so far. Will be investing into a new one by the end of this year as well.

The main problems faced by foreigners looking to create a business in the DR:

Thinking that utilities are a given and the costs can be managed as other markets, wrong!
Renting property for a business with medium to large investments, wrong!
Using foreign top officers/managers for a DR business without at least 10 years in-country experience, wrong!
Planning to rely on mostly import raw materials for goods manufacturing, wrong!
Lacking a personnel in-house retraining program for long term benefits, wrong!
Paying standard or low wages to employees, wrong!
Etc...
 
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caribmike

Gold
Jul 9, 2009
6,748
173
63
"Already invested in some of these in the DR with high success so far. Will be investing into a new one by the end of this year as well. "

How to do so? Shares? Via Banco Popular for example?
 

PICHARDO

One Dominican at a time, please!
May 15, 2003
12,909
624
113
Santiago de Los 30 Caballeros
"Already invested in some of these in the DR with high success so far. Will be investing into a new one by the end of this year as well. "

How to do so? Shares? Via Banco Popular for example?

I did partnerships in all of the ones so far. Some people in my circles are better connected to some areas of interest than me alone.

The recycling biz has been above projections. We are only pausing due to the time it takes to have the equipment manufactured and shipped to the DR. It's not so easy to expand on demand with it. More like expanding when your capacity is tolled beyond catching up. Also we needed to secure some transfer of technology rights in order to fit our needs. Easier said than done...

The thing is others might have more experience and knowledge than you in some fields, worth investing on. So sharing the cost of investment and funds to keep the biz going until it clicks on all 8 cylinders, is easier than going at it alone. Less risk as well.

The returns are proportional to the initial and projected investments made. Invest little, see little returns.

For the DR market, the need to be "Compact" can't be reiterated any lesser. This ain't Kansas!

Three keys to keep your brain on: Energy/utilities, logistics, supplies...

Logistics can break havoc in your biz here in the DR with relative constancy. You have to make your logistics from the ground up! What works say for SD, will not necessarily work for the south or the north of the DR...

Transportation is an ever changing Tango. It can literally bring your biz to a halt.

Energy/utilities are something you must consider with big numbers long term. Backup is the regular services, so to speak. Your matrix needs to be considerably cheaper than the supply and redundant.

We learned to hedge natural gas contracts for the long run here.

There are many instances where you can make money by investing in the DR. After all, it's barely getting into medium manufacturing as of the date, by volume of industrial output.
 
Jan 3, 2003
1,310
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Secure the country wide distribution rights for fuel line magnet devices. You'll fit right into the business community mentality here and your competitors will have to get their product from you. Win/win.

Best advice ever!!! Secure the country wide distribution rights for ANY PRODUCT. Be the manufacturer's representative. No out of pocket expense. Commission based plus salary if possible. No losses and only gains. Putting any money into a 3rd world country is gambling. There are too many variables to accurately assess and quantify where and when your losses will be.

Factor in the intangibles and you have the perfect storm for disaster. The DR is highly disorganized, highly inefficient and corrupt to the extreme. Why operate in such a toxic environment? Add to the equation, crime. The theft, the robberies, the shakedowns makes for a nerve wracking experience. And all of this to earn fractions on investments that require wholes.
 

NALs

Polls Forum Moderator
Jan 20, 2003
9,851
731
113
OP, many companies that rely entirely or mostly on Dominican customers have a decent to great revenue flow.

For example, El Encanto which is a department store chain with all its stores in Santiago brings in around US$40 million a year. Sure, that's not enough from which it would make anyone one of the richest people on the planet, but US$40 million is US$40 million. Caribe Tours around US$23 million. Ikea has a revenue of about US$13 million per year and technically that's a new business. Ilumel is shy of US$3 million. El Catador which is a wine store with all its stores in Santo Domingo is around US$9 million. Helados Bon over US$6 million. The movie theater at Galería 360 about US$1.3 million. Jardín Constanza (mostly flowers) about US$10 million. RH Mejía (owned by Hipolito's son and deals with the importation from the USA, distribution and even direct customer sales of several fruits such as apples; until his incursion into the sector apples were a luxury in the DR where most people would eat one only in the Christmas season and it was a fruit mostly purchased by the rich since it was expensive) a little over US$3 million. Baldom (mostly condiments, their products are in just about every supermarket in the country) around US$50 million. La Fabril (mostly vegetables cooking oils, one of their products is La Joya) about US$37 million. So on and so forth.

On the other hand are larger companies that depend mostly or entirely on Dominican costumers. For example, Grupo Ramos (parent company of La Sirena, Aprezio, Super Pola, Sirena Market, etc) has revenues of around US$760 million. Centro Cuesta Nacional (parent company of Supermercado Nacional, Jumbo, Casa Cuesta, Librería Cuesta, etc) is around US$580 million. SID (Next gas stations and many eatable products like La Manicera, they also own the African palm plantations seen on the highway to Samaná harvested for the oil in its nuts) has revenue of over US$1 billion and yes, it starts with a b. Cervecería Nacional Dominicana (Presidente, Malta Morena, etc) is above the US$380 million range. Banco Popular has revenues of around UD$737 million. Etc...
 
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drisforme

Active member
May 28, 2016
141
25
28
Based on my experience in building my house in DR ,any business related to construction targeting Gringos providing similar quality as you find in Europe or in the US with an affordable price tag.

1-Architect
2-Mastro
3-Carpenter
4-Plumbers
5-Electrician
6-Pool
7-Solar panels installation
8-Lawyer
9-A community of houses or apartments well managed that owners can trust .