Tax and accounting regulations

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.
Minimum No. Required 1, Corporate Directors are permitted
Local Director Required No
Publicly accessible information No
Location of Meetings Anywhere
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.