HIGHLIGHTS OF DOMINICA
- Flexible company law
- No exchange control regulations.
- Political and economic stability.
- No capital gains, income or other kind of taxes.
- Skilled personnel.
DOMINICA OFFSHORE COMPANY FEATURES |
|
|---|---|
General |
|
| Type of Company | IBC |
| Type of Law | Common |
| Shelf company availability | Yes |
| Our time to establish a new company | 2-3 days |
| Minimum government fees (excluding taxation) | US$150 |
| Corporate Taxation | Nil |
| Double Taxation Treaty Access | No |
Share capital or equivalent |
|
| Standard currency | US$ |
| Permitted currencies | Any |
| Minimum paid up | No minimum required |
| Usual authorised | US$100,000 |
Directors |
|
| Minimum number | One |
| Local required | No |
| Corporate Directors Permitted | Yes |
| Publicly accessible records | No |
| Location of meetings | Anywhere |
Shareholders |
|
| Minimum number | One |
| Publicly accessible records | No |
| Location of meetings | Anywhere |
Company Secretary |
|
| Required | Optional |
| Local or qualified | No |
Accounts |
|
| Requirements to prepare | Yes |
| Audit requirements | No |
| Requirements to file accounts | No |
| Publicly accessible accounts | No |
Other |
|
| Requirement to file annual return | No |
| Change in domicile permitted | Yes |
The Commonwealth of Dominica, in the Caribbean Sea, is an island of the Lesser Antilles, south-southeast of Guadeloupe and northwest of Martinique.
The parliamentary democracy, with its population of 72,000 (2011 Census), has emerged as an offshore jurisdiction during recent years, offering high confidentiality and privacy standards. The national legislation allows offshore company formation within the IBC model. Dominica is no party to any double taxation treaty.
The island nation is an attractive offshore jurisdiction, as it offers no corporate taxation – just a governmental annual fee. The nation provides a minimum twenty (20) years tax exemption for offshore companies, beginning from the day of incorporation. Companies are not required to file accounts. The following suffixes are, inter alia, possible and indicate a limited liability: Ltd, Corp, Inc, SA, NV or GmbH.
The government encourages the development of an offshore financial-services sector, including company and bank registration and internet gambling. The beneficial ownership will not be disclosed to authorities.