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Field of Expertise: Business Law
Real Estate in the Toursim Sector
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Freddy Miranda's Guide about Business Environment in Dominican Republic
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The Intelligent Investment

THE THREE FIRST CURRENT OPPORTUNITIES

To speak about the three more excellent real estate projects means to speak of the tourism sector, an area in which we would also have to differentiate the zones of the country. At this time, the tourist zone with the greatest degree of development in the country is –without any doubt- Bávaro, located in the Deep East in Higüey. The project of the greatest importance in this zone for the investors of high caliber and high level of resources is Cap Cana. In the same sense, and located in La Romana, the project that unquestionably enjoys the utmost success and prestige is Casa de Campo. Its only limitation is that it is conceived for a more demanding investor with higher resources.

Currently in La Romana there is an excellent tourist project that it is emerging with a lot of force, which is called La Estancia (“The Stay”), developed by the highly famous CignalCorp group. It is an outstanding and very beautiful project with golf fields, about 20 minutes away from the city of La Romana, and with a mixture of villas and apartments with prices from moderate to high.

Our biggest bet –nevertheless- is the North-Northwest zone where we find the extraordinary project of Jardines de Cosón (“Gardens of Coson”) in Las Terrenas. Relevant information on the project and the country can be found in the website www.jardinesdecoson.com. It is a project located in front of the sea with prices from moderate to high and with an impressive natural beauty. The project is about ten minutes away from the highly modern golf course of the project Las Terrenas Golf & Country Club, and La Marina, which  is being built in this zone. Our prognosis is that this one will be one of the most important destinies of the country in 3 to 5 years.

It is pertinent to point out as an important project in Bávaro, perhaps the most ambitious and progressive of all of the massive projects, the Pueblo Bávaro (“Bávaro Town”). The information on Pueblo Bávaro can be found in its website: www.pueblobavaro.com.

In this same zone our group is negotiating the representation of several projects of moderate prices for demanding investors who love quality. Within these projects, we can mention the project Playa Turquesa (“Turquesa Beach”).

For more information on this project visit its website:  www.casamar.com.do, or www.playa-turquesa.com.

The Carnegie Mellon University through its Software Engineering Institute has extensively studied the Critical Success Factor Method under the sponsorship of the U.S. Department of Defense.  (Caralli, 2005).  The company Chaney Systems, Inc. (CSI), defines the workshops of planning the Critical Success Factors as a “process which uncovers Key Performance Areas of the business that must be met, and integration issues that must be solved for the business to achieve its desired objectives. The workshop is based on the findings of Dr. John Rockhart from MIT's Sloan School of Management (Massachusetts Institute of Technology).”  (Chaney Systems, Inc., 2003).  It is pertinent to emphasize that the original research in which Rockhart found his inspiration at the end of the Seventies and at the beginning of the Eighties was made long while before him during the Sixties by the Management scholar D. Ronald Daniel.    

The concept of Critical Success Factors is highly valuable to take into account at the time of looking for legal, financial, and fiscal consultancy in the area of foreign direct investment.  We consider that we can be part of those Critical Success Factors of your investment in the Dominican Republic thanks to our first-hand knowledge of the regulations, legislations and financial particularities in our operational range circumscribed to the real estate investments in the tourism sector.  Thanks to our well-proven experience guaranteed by clients of the stature of Sammy Sosa and Félix Sánchez, as well as of other celebrities and companies of reputation, we can become a Critical Success Factor in the line of foreign direct investment to play our role of consultants in the entire process of legal, financial, and fiscal consultancy in the Dominican Republic.

Regarding the recent macroeconomic recovery of the Dominican Republic, after surviving a deep financial crisis in the period of 2003-2004, we feel optimistic, because as of August, 2004, under a new Government and new efficacious economic policies, the Dominican economy has recovered surprisingly, and in 2005 our level of growth was the highest one in all of Latin America as it is testified by the diverse information of Banco Central de la República Dominicana (Central Bank of the Dominican Republic) and foreign institutions like the International Monetary Fund (IMF) of the United Nations, the Inter-American Development Bank (IDB), the Economic Commission for Latin America and the Caribbean (ECLAC) of the United Nations, Standard & Poor' s, Fitch, The Banker,  The Economist, among others.  (Banco Central de la República Dominicana, 2006; El Caribe, 2006; Clave Digital, 2006b; Hoy, 2006b; Hoy, 2006a; Clave Digital, 2006c; Clave Digital, 2006a; Listín Diario, 2006).  In this vein, the World Economic Forum declares the following about Latin America in 2006:  “While admitting that there's still much room for improvement, Latin American policy-makers highlighted the gains made in the region's competitiveness in recent years. Macroeconomic and monetary stability are providing the framework for sustained growth in the future…” (World Economic Forum, 2006).  

Along the same line of thought, according to Charlie T. Munger as quoted by Eric T. Miller: “There have been so many illustrations of hopeless situations surrounding entities including countries and corporations, that then saw the light and introduced reforms that enabled them to rebound far more quickly than seemed possible at the time.” (Miller, 2005).  

On the other hand, the vision of Charles Darwin turns out to be pertinent in spite of all the time that has passed since he explained his ideas.  According to Darwin:  “It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.”  (Darwin, no date).

For that reason we feel optimistic with respect to the Dominican Republic’s opportunities for the foreign investor, because we trust our capacity to adapt to the changing challenges of the new global scenery thanks to our strategic flexibility in order to face the new challenges.  Our services of legal, financial, and fiscal consulting can make the difference in the choice of a dynamic portfolio for any investor.  In addition, we feel confident about the definition of leadership given by Dwight Eisenhower during his successful times.  For Eisenhower, leadership is “the art of getting someone else to do something you want done because he wants to do it.”  (Eisenhower, 2006).  Our satisfaction is to serve you, and in the process to providing you with our service we feel intimately committed to our mission of consultancy, because our passion is indeed our commitment to giving our best to our clients, looking always to satisfy their needs with efficaciousness just in time.    

In the same way, the immense Goethe gives us his inspiration and take his words as ours:  “Knowing is not enough; we must apply. Willing is not enough; we must do.”  (Goethe, 2006).  To act, to act, to act, and more than to act, to proact, to be synergic and affirmative in our everyday enterprise.  That is our highest ideal, and that is our mission.  We firmly believe in the financial potential of our tourist resources, and we vehemently consider that investing in this market in the area of real estate holds an immense potential of hidden opportunities that can be taken advantage of to the maximum by the intelligent and prudent investor.  Every step ahead is a challenge.  Each transaction is a challenge.  Each investment requires wit, common sense and prudence.  We can be the solution acting as facilitators throughout the entire route of investing in real estate in the tourism market of the Dominican Republic.  Our legal, financial, and fiscal consulting services can be the Critical Success Factor that might make the difference in the optimal performance of your financial resources looking forward to get the highest return on your investment.  We feel confident of our strengths in the area of legal, financial, and fiscal consultancy services thanks to our strong commitment with delivering to our clients the greatest of our utilities:  Our guaranteed experience backed up by our profile of the highest standard of professionalism.  We know that the new global scenery represents new challenges for all of us, but at the same time we feel confident in our vision based in the search of correct solutions to problems that are complex for others. 

Our commitment is your satisfaction, and our satisfaction is to be useful to you by delivering the best consulting services within our reach.  At the end of the road, the only thing that really counts are the results.   Thanks for your confidence in us!   Thanks for trusting in our legal, financial, and fiscal consulting services!   Thanks a lot, dear client!

 

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