Dominica, officially known as the Commonwealth of Dominica, is located in the Lesser Antilles region of the Caribbean. Formally a British colony Dominica’s official language is English and the legal system in the Commonwealth of Dominica is based upon English Common Law.
Dominica is an excellent offshore jurisdiction with a progressive legal framework that ensures that Dominica’s offshore sector is well developed and regulated.
Key benefits of Dominica:
- Lifetime tax-exempt status of an IBC – The government of Dominica guarantees 20 years of tax exemption for an IBC.
- High degree of confidentiality / privacy – It is an offence to reveal any information regarding a Dominica corporation, except by a court order solely relating to criminal activities. The punishment for this is a fine of 25,000 USD and two years’ imprisonment for anyone (including an auditor or liquidator) who reveals information. In addition there is no public register of directors, shareholders or beneficial owners therefore preserving client confidentiality.
- No Annual Reporting required – no requirement to file annual reports or financial statements.
Cyprus vs Malta: Tax & Investment Considerations
Malta and Cyprus undeniably have the most favourable citizenship by investment programmes in Europe. Many individuals are using such schemes as a means of significant wealth protection and gaining dual nationality; while smaller economies within the EU receive financial compensation for the privilege.
How the Cyprus Passport Scheme is Really Affecting Banks & the Economy
When Cyprus’ fiscal and banking crisis culminated in the March 2013 bailout agreement, President Anastasiades’ government decided to help the economy return to growth as early as possible by giving the construction sector a boost throughout 2014; avoiding unemployment rates sky rocketing to an all-time high of 20%. This also included a number of supply and demand boosting measures to the Cyprus property market.
European Commission Under Pressure to Crack Down on Golden Visa Schemes
Berlin-based non-governmental organisation Transparency International are putting pressure on the European Commission to create plans to allow for reporting and full disclosure of all passport schemes of member states that allow foreign investors to acquire either EU citizenship or residence permit.
Demand Generation Marketing for Medium-Large Companies: 100 - 1000 Clients
Demand Generation marketing efforts refer to the various marketing approaches companies of different sizes and stages of commerce need in order to drive attention, interest and retain clients. Essentially what turns a start-up to a sustainable large business that may have even have grown internationally.
Demand Generation Marketing for Small-Medium Businesses: 10 – 100 Clients
Demand Generation marketing efforts refer to the various marketing approaches companies of different sizes and stages of commerce need in order to drive attention and interest in products & services, to acquire clients. Essentially what turns a good idea into a sustainable business.
Demand Generation Marketing for New Businesses: 0 - 10 Clients
Demand Generation marketing efforts refer to the various marketing methods companies of different sizes and stages of commerce require in order to drive attention and interest in products & services, to acquire clients, essentially what turns a solid proposal into a sustainable business.
The Investigation of a Cyprus Company's Affairs: Application of the Law & Effectiveness
At the request of a Cyprus company’s Shareholder, where it is proven that a more comprehensive investigation is required regarding a company’s activities, the court can issue a declaration of investigation by an inspector appointed by the Cyprus Council of Ministers. The discretion of the court must be applied carefully; as such an order can heavily impact a company and depending on the outcome of the investigation, can be a severe measure that deviates from fundamental principles of Cyprus company law.
UK: The Current Problems with Money Laundering & the Violation of Anti-Money Laundering Regimes
The fact that money can be transferred from one jurisdiction to another means, that money laundering as a concept involves the entire modern world. Money laundering is a process during which the origin and purpose of payments are hidden and typically has three stages.