Velas Hispaniola owns and is located inside the Hispaniola Industrial Free Trade Zone Business Park, a 140-acre campus located in Santo Domingo, the capital city of the Dominican Republic. The HIFZP is also home to CLC Dominicana, our label printing company, and future additions to the business park include: a corrugated products supplier, a wick supplier, a furniture manufacturing company, and a personal care products manufacturer.
Operating in a free trade zone under CAFTA-DR, there are no duties or tariffs imposed on any of our Velas Hispaniola candle products that are shipped from the Dominican Republic into the United States. This makes us one of the most advantageous near shore suppliers of candle goods to companies and retailers throughout the Americas.
CAFTA-DR - Dominican Republic Central America Free Trade Agreement
The Dominican Republic-Central America Free Trade Agreement (CAFTA-DR) is the first free trade agreement between the United States and a group of smaller developing economies that include the Dominican Republic to promote stronger trade and investment ties, prosperity, and stability between the US and the DR.