Dominican Republic President Announces Increases to Monthly Minimum Wage Rates

The Dominican President’s Office Feb. 2 announced an 8 percent increase to the monthly minimum wage rates, effective Feb. 1. The announcement includes monthly minimum wage rate increases of: 1) 4,998 Dominican pesos (US$79.41), to 29,988 pesos (US$476.47), for employees of large companies; 2) 4,582 pesos (US$72.80), to 27,489.60 pesos (US$436.77), for employees of medium-sized enterprises; 3) 3,070 pesos (US$48.78), to 18,421.20 pesos (US$292.69), for employees of small businesses; and 4) 2,832 pesos (US$45), to 16,993.20 pesos (US$270), for employees of micro companies. The announcement also includes the 20 percent increase in nominal minimum wage rates between February 2025 and ...