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 |