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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