Incorporate in Dominica
Background & General Outline
Dominica is the largest and most northerly of the Windward Islands. The island faces the Atlantic Ocean to the east and the Caribbean Sea to the west.
Slightly smaller than New York City, Dominica is 750 square kilometers in area, 47 kilometers in length, and 29 kilometers in width. Roseau, the nation’s capital and major port, is favorably situated on the sheltered, southwestern coast.
Political Structure & Legal System
Dominica is a republic and has been a parliamentary democracy since 1978. Elections are held at least every five years, with universal suffrage for adults. The president is nominated by the prime minister and leader of the opposition and elected by the House of Assembly for not more than two terms of five years. He or she appoints the prime minister who consults the president in appointing other ministers. The president may dismiss the prime minister in the event of a no-confidence vote in the House of Assembly. Individual rights are guaranteed under the constitution.
Eastern Caribbean Dollar (ECD).
The official and spoken language is English.
Disclosure of the Beneficial Owner
Although when you Incorporate in Dominica it is required to disclose and maintain a register of Ultimate Beneficial Owners, Directors and Shareholders, this information is kept strictly private and confidential and is not available in any public registry.
The law provides a minimum twenty (20) years Tax Exemption for offshore companies beginning from the day of incorporation.
Double Taxation Agreements
Dominica is not party to any double tax treaties.
Any name that has already been incorporated, or is so similar as to cause confusion. Any name which in the opinion of the Registrar is considered undesirable, obscene or offensive. Names such as royal or imperial and any name that suggests the patronage of Dominica Government.
A Dominica IBC cannot trade within Dominica or own real estate there. Further, a Dominica IBC cannot undertake the business of banking, insurance, assurance or reinsurance.
Accounting & Financial Statements
There is no requirement to file accounts with the authorities, but a company is required to keep financial records that reflect the financial position of the company.
Summary & Features
Dominica has strict rules on nondisclosure of bank accounts.
Dominica’s corporate structure has similar rules, and allows any person to control a company without their name appearing in the public records, through the use of bearer shares, nominee directors and a power of attorney.
We can Incorporate in Dominica your own Dominica IBC and deliver it to you within approximately 7-10 days.
The company we Incorporate in Dominica for you is free to engage in many types of business activities in other countries and it pays NO taxes in Dominica.
Incorporate in Dominica
OUR Dominica Offshore Company Formation Package Includes:
- name check
- preparation of memorandum
- preparation of articles
- preparation of registration forms
- filing with the registrar of companies
- payment of filing fees
- certificate of incorporation
- share certificates
- minutes of board meeting
- 1st year registered office
- 1st year registered agent
- 1st year government administration and maintenance
Dominica’s legislation has long created favorable tax conditions for offshore operations but the country’s popularity as such has only caught on over the last few years. Information given to local attorneys/notaries is protected by professional privilege and secrecy.