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 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 |