The Dominican government enacted the Film Industry Law with the aim of stimulating the development, production, dissemination and preservation of Dominican films as a means of communication and cultural diversification as well as an activity of great economic potential.
The Law is applicable to natural or legal persons in the Dominican Republic who develop activities for the creation, production, distribution, and exhibition of films and audiovisual training and related technical industries.
It provides that the film industry is of public and social interest on account of its association with cultural heritage, and states that the government's objectives are to encourage a progressive, harmonious and equitable development of local cinema, and to promote the film industry so that a lucrative industry emerges to contribute to the national economy and encourage foreign investment.
This Law creates and restructures public institutions related to the film industry and establishes a taxation system that stimulates the film industry in the Dominican Republic as well as domestic and foreign investment in it. It promotes the means that will enable the film industry to access the credit system and provides incentives for businesses and industries in the country.
It also facilitates customs procedures and administrative systems, and establishes a special tariff regime for the production of domestic or foreign films in the Dominican territory. This will encourage imports of raw materials, capital, equipment, and technical services relating to the film industry.
The Film Industry Law is necessary because without incentives and protection, domestic films have historically faced numerous economic and structural barriers that have considerably affected their competitiveness.
Norman De Castro