Company registration

Company formation in Dominica is very straightforward. Eltoma require the following to proceed:

  • A completed Company Registration Application Form
  • A copy of the passport of the Beneficial Owner, Director and Shareholder
  • A recent utility bill (under 3 months old) for the Beneficial Owner, Director and Shareholder

Summary of Requirements for a Dominica IBC

General Information
Type of CompanyNon-resident International Business Company (IBC)
Timescale to incorporate2 working days
Corporate TaxationNil
Double Tax Treaty Access:No therefore no requirement for exchange of information with other Tax Authorities.
Directors
Minimum No. Required1, Corporate Directors are permitted
Local Director RequiredNo
Publicly accessible informationNo
Location of MeetingsAnywhere
Shareholders
Minimum No. Required1, 100% foreign shareholders allowed
Publicly accessible informationNo
Location of MeetingsAnywhere
Company Secretary
RequiredNo
Local Secretary RequiredN/A
Registered Office / Agent RequiredYes
Share Capital
Standard CurrencyUSD
Standard AuthorisedUSD 50,000
Minimum Paid Up CapitalNo minimum authorised share capital. No minimum paid up capital.
Accounting & Compliance
Requirements to prepare AccountsNo
Requirement for AuditNo
Local Auditor RequiredN/A
Requirement to File AccountsNo
Requirement to file Annual ReturnNo