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Dominica

Dominica

Dominica - official name Commonwealth of Dominica - is a former British colony, now a small republic located on an island in the southern Caribbean.

Capital: Roseau
Official languages: English, French patois
Currency: East Caribbean dollar ECS 2,70/1 USD

Business in Dominica - the benefits of local jurisdiction

The main advantage of setting up companies in Dominica is the fact that Dominica is not a well-known offshore destination as compared with other tax havens. In addition, there is a very high degree of anonymity of beneficial owners of the offshore company.

Czech registration courts easily accept the documents of the state of Dominica and local IBC may acquire shares of companies in the Czech Republic.

Dominica offers the possibility of using nominee services (nominee director and shareholder).

Legal form of the company
International Business Company – IBC
The company is obliged to have a registered office in Dominica
Legislation
The International Business Companies Act 1996 as amended
Time needed for company formation
Usually within 1 day provided timely delivery of necessary documents, document delivery within 2 weeks.
Shareholders
Minimum number: 1
A natural or legal person, may be non-resident
Directors
Minimum number: 1
A natural or legal person, may be non-resident
Note : the higher the level of anonymity suitable local nominee secretary
Share capital
Minimum $ 100
Bearer shares
Yes
Taxation
IBC is exempt from all taxes for at least 20 years, tax return is not required
Bookkeeping
Optional
Audit
Optional
Anonymity and confidentiality
HIGH DEGREE OF ANONYMITY
Index of companies not publicly accessible
, the names of shareholders and directors are known only to the registration agent

The most common use of the company in Dominica

  • holding (parent company) to another company for the purpose of anonymity of property
  • direct sale of goods or services where it is not necessary to use the system of treaties on avoidance of double taxation and where is no risk of withholding taxes
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