Dominica Company Formation

Dominica Company Formation
  • Assured jurisdiction and prominent reputation.
  • Time of Dominica company formation takes 2 DAYS.
  • Personal presence is not required.
  • Popular company type:
    • Dominica International Business Company (IBC).

Tax Rates in Dominica

Corporation Tax in Dominica: The rate is 25% on the net profit. Non-resident companies are taxed on Dominican-source income only.

Income Tax in Dominica: The rate is 15% on the first XCD 20,000 of income; 25% on the next XCD 30,000; and 35% on the excess.

VAT Tax in Dominica: The tax is imposed at a rate of 15%

About Dominica

Overseas Territory: Dominica

Capital: Roseau

Region: Island in the Caribbean Sea

Language: Dominican Creole

Currency: East Caribbean dollar (XCD)

Time Zone: GMT-4

Dial Code: +1

Abbreviations: DM

What we can do for your Company in Dominica

  • We do all paperwork on forming the company in Dominica
  • Formation is completely remote
  • Can act as Secretary or Treasury
  • Provide nominee Directors/Shareholders
  • Assist with opening a bank account
  • Registration for Taxes, VAT & EORI
  • Develop a website for your business
  • Create a logo of your brand
  • Provide with full company administration services
  • Arrange a mailing address for your business
  • Arrange a virtual office for your company
  • Telephone answering service
  • Book keeping, audit & reporting
  • Preparing and submitting VAT return
  • Dealing with local authority
  • Trademark registration

Dominica Company Formation. Dominica Offshore Company

Main Characteristics and the basic rules of Company registration in Dominica

The Commonwealth of Dominica is also popularly known as Dominica. It is a former British Colony. Located in the Eastern Caribbean, Dominica is a presently Constitutional Independent Democracy. If you are planning to start a business overseas, you can always choose Dominica as your destination. We at BRIS Group will assist you in all possible ways for establishing the business successfully in the foreign land.

It was in June 1996 that the International Business Companies Act (IBC) was legislated. This Act offers flexible company structures, progressive legislation and highly efficient and transparent incorporation procedures. Dominica company formation with our assistance will not be a problem at all.

Advantages of incorporating a company in Dominica

There are many advantages of incorporating a company in Dominica. Some of the prominent ones among them include the following:

  • Security of assets
  • No mandatory requirements of holding annual general meetings
  • Corporate shareholders and directors are allowed
  • Ease of maintenance, operation and control
  • No exchange controls
  • Minimum one director is required
  • The costs and fees required for incorporation are highly competitive
  • Excellently flexible post-incorporation follow-up services
  • Anonymity and maximum confidentiality is maintained
  • No minimum capital requirements, no need of any disclosure
  • Minimum one shareholder is needed

Privacy of Dominica companies

While Dominica company formation, we at BRIS Group inform our clients in detail about the privacy of the Dominica companies. Under Section 112 of IBC Act, it is a punishable offence with monetary fine of US $25,000 along with imprisonment of 2 years for anyone who will reveal any kind of confidential information about a Dominica corporation, until and unless it is asked and ordered by the court. It is regarded as a serious offence even if it is done by the official liquidator or the auditor. Complete information regarding the Beneficial Owners is kept highly confidential at Registered Office and no public has access to that information in any situation.

Handling all kinds of legal and official formalities for company formation

Though it is mentioned again and again that Dominica company formation is a hassle-free process, yet there are innumerable formalities and procedures which have to be completed and accomplished. At BRIS Group we have experts in our team, who know the nitty-gritty of these things and can handle all the things on their own. They can take care of all formal and legal proceedings which are needed for company formation in Dominica ably. Call us today for more details and information!

Dominica Company FormationFinancial Advantages
Taxation:No taxes
Double Taxation Treaty Access:No Treaty Access
Dominica Tax Information Exchange Agreements:Yes, TIEAs signed by Barbados
Account Filing Requirements:No accounting / reporting requirements
Annual Return Filing Requirements:No annual return/ reporting requirements
Audit Requirements:No audit required.
Dominica Company FormationRegistration Requirements
Share Capital:US$50,000.
Classes of Share Available for Dominica company formation:Shares with or without voting rights, redeemable shares, registered shares, preference shares, shares of no par value
Minimum paid up share capital:US$1
Bearer Shares:Yes, Allowed
Registered Office Required:Yes, required and must be maintained in Dominica.
Registered agent:Yes required and must be maintained in Dominica.
Shareholders:Minimum number is one
Directors:Minimum number is one. Can be any nationality and need not be resident in Dominica. Corporate directors are allowed.
Company Seal:Yes, company must have a company seal.
Your Company language:Latin alphabet.
Name of your Company must be ended:“Corporation”/ Corp., “Limited”/Ltd, “Incorporated”/Inc.,, “Societe Anonyme”/S.A., “Sociedad Anonima”
Documents required for Dominica company formation:A certified copy of your passport or ID and proof of your residential address dated less than 3 months.
Dominica Company FormationRestriction
For Dominica company formation you cannot use words in your company names without justification:your company names without justification: “Bank”, “Trustee Company”, “Assurance”, “Building Society”, ”Trust Company”, “Royal” etc.
Restrictions on Trading:None
Not permitted without a licence:Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision.
Dominica Company FormationConfidentiality and Security
Publicly Accessible Records:No public register of company officers (Directors, Shareholders, Secretary)
Possibility to use Nominee Shareholders and Nominee Directors for Dominica Company Formation:Yes, Allowed
Disclosure of Beneficial Ownership to Authorities:NO, The names or identities of beneficial owner do not appear in any public records
Meetings of Directors and Shareholders to be held:You can hold Meetings of Directors and Shareholders of Dominica IBC anywhere.
What is the stability to register Dominica Company (IBC):Assured jurisdiction and prominent reputation.
About DominicaDominica Company Formation
Capital city:Roseau
Region:North America
Political System:Parliamentary republic
Government:The Prime Minister of Dominica is the head of government.
Governing corporate legislation:The Business Companies Act, 1996 (“the Act”) as amended.
Type of Law:Common
Type of company:International Business Company (IBC)
Currency:East Caribbean Dollar (XCD)
Exchange Control:None
Language of Legislation and Corporate Documents:English
Time Zone:GMT-4

This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.

BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.

Our team of consultants are here to take you through the process.