Dominican Republic

There are no formal restrictions on cover.

There are no restrictions on cover of medium and long-term transactions with private buyers provided that the projects generate foreign exchange.
Cover facilities for transactions with public buyers are available under a ceiling of EUR 200 million.
In addition, cover is available for project finance and other structured finance deals, where necessary based on countertrade transactions.

If the foreign buyer’s creditworthiness is inadequate, bank security is required.

The assessment of a bank for acceptance as a guarantor or borrower is carried out case by case on the basis of informative documents and taking into account the risk involved.

Country information on commercial practices, business climate, market analyses, law, import procedures, customs duties and international projects and tenders can be found on the website of Germany Trade & Invest (gtai, https://www.gtai.de).