Summary of Requirements for a Dominica IBC
General Information | |
---|---|
Type of Company | Non-resident International Business Company (IBC) |
Timescale to incorporate | 2 working days |
Corporate Taxation | Nil |
Double Tax Treaty Access: | No therefore no requirement for exchange of information with other Tax Authorities. |
Directors | |
Minimum No. Required | 1, Corporate Directors are permitted |
Local Director Required | No |
Publicly accessible information | No |
Location of Meetings | Anywhere |
Shareholders | |
Minimum No. Required | 1, 100% foreign shareholders allowed |
Publicly accessible information | No |
Location of Meetings | Anywhere |
Company Secretary | |
Required | No |
Local Secretary Required | N/A |
Registered Office / Agent Required | Yes |
Share Capital | |
Standard Currency | USD |
Standard Authorised | USD 50,000 |
Minimum Paid Up Capital | No minimum authorised share capital. No minimum paid up capital. |
Accounting & Compliance | |
Requirements to prepare Accounts | No |
Requirement for Audit | No |
Local Auditor Required | N/A |
Requirement to File Accounts | No |
Requirement to file Annual Return | No |
Additional Information | |
Bank Account Opening | Eltoma Corporate Services can open a bank account in Cyprus for a Nevis Company without presence. We can also offer bank accounts in a number of other jurisdictions, please contact us for information. |