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Incorporation of Company

Offshore Jurisdictions
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Dominica

Dominica has become increasingly popular among businesspeople around the world as an offshore jurisdiction for company incorporation. Dominica has a good infrastructure and favorable legislation with respect to International Business Companies. It is therefore a likely option to be recommended as thebasefor an offshore company amongst less frequently used jurisdictions. A significant benefit of company formation in Dominica is asset protection – should a lawsuit arise, if your assets are not in your name then they cannot be taken seized. In essence you do not own the property, a completely separate entity does, such that your name is not connected to your assets.

 

Advantages of Incorporating in Dominica

  • Exemption from all local taxes and stamp duty
  • Maximum confidentiality and anonymity
  • Ease of operation, maintenance and control
  • Asset security
  • No disclosure or minimum capital requirements
  • The minimum number of shareholders is one
  • The minimum number of directors is one
  • Corporate directors and shareholders are permitted
  • Excellent and flexible post-incorporation follow-up services
  • No statutory requirement to hold annual general meetings
  • Highly competitive fees and costs

 

 

Principal Corporate Legislation: The BVI Business Companies Act, 1996 (“the Act”) as amended.
Type of Law: Common
Language of Legislation and Corporate Documents: English
Type of Company for International Trade, Investment & Tax Planning: International Business Company (IBC)

 

Dominica International Business Company

Share Capital
Standard authorised share capital is US$50,000. Minimum paid up share capital is US$1.
Classes of Share Available
Registered shares, shares of no par value, bearer shares, preference shares, redeemable shares and shares with or without voting rights.
Bearer Shares
Permitted.
Restrictions on Trading
Cannot trade within Dominica. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Office Required
Yes, must be maintained in Dominica.
Directors
The minimum number of directors is one. Director can be of any nationality and need not be resident in Dominica. Corporate directors are permitted.
Shareholders
The minimum number of shareholders is one.
Publicly Accessible Records
No.
Nominee Shareholders and Nominee Directors
Allowed.
Location of Meetings of Directors and Shareholders
Anywhere.
Disclosure of Beneficial Ownership to Authorities
No.
Personal Presence Required
No.
Taxation
Nil.
Double Taxation Treaty Access
None.
Requirements to File Accounts
None.
Requirement to File Annual Return
None.
Audit Requirements
None.
Currency
East Caribbean Dollar (XCD).
Exchange Control
None.
Language of Name
English.
Restricted Words
Words such as "Assurance", "Bank", "Building Society", "Royal", "Trust Company", "Trustee Company" etc. will require justification.
Name of a Company
The words "Limited", "Corporation", "Incorporated", "SocieteAnonyme", "SociedadAnonima" or Ltd, Corp., Inc., S.A. must be part of the name of every company.
Time to Incorporate
Two days.

 

Cost of Formation: Request a quotation

 

Services

Card PMT provides the following services in Dominica:

  • Dominica Company Incorporation
  • Registered Office and Agent Services
  • Company Secretarial Services
  • Nominee Shareholder/Nominee Director
  • Opening of Bank Accounts
  • Full Company Administration Services
  • Mailing Address
  • Virtual Office
  • Trademark Registration

 

 

Please contact us for your free initial consultation.

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Please contact us for information about incorporation of companies in other offshore jurisdictions.

 

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