The Dominica PLC requires at least 3 directors of any nationality; as with the private limited company, there is no par value for shares, with no minimum issued capital.

Public companies have the same requirement for a company secretary as private companies; A PLC must also appoint a statutory auditor with the mandate to check the company’s accounts for a period of one year from the day of its formation. In addition, Dominican public companies must have an audit committee to oversee this process, although the government will grant an exemption to this rule on application.

Key Features Dominica PLC

Dominica PLC

Corporate Details

General

Type of Entity

PLC

Registered Office in Dominica

Yes

Shelf company availability

Yes

Our time to establish a new company

4 weeks

Taxation on Profits

No

Access to Double Taxation Treaties

No

Share capital or equivalent

Standard currency

US Dollar is commonly used

Permitted currencies

Any

Minimum paid up

US$1

Usual authorized

None

Bearer shares allowed

No

No par value shares allowed

Yes

Directors

Minimum number

Three

Local required

No

Publicly accessible records

Yes

Location of meetings

Anywhere

Corporate directorship allowed

Yes

Shareholders

Minimum number

One

Publicly accessible records

Yes

Corporate shareholder allowed

Yes

Location of meetings

Anywhere

Company Secretary

Required

Yes

Local or qualified

No

Accounts

Requirements to prepare

Yes

Audit requirements

Yes

Requirements to file accounts

Yes

Publicly accessible accounts

Yes

Other

Requirement to file annual return

No

Migration of domicile permitted

Yes

Dominica PLC Distinctive Benefits

  • Limited Liability: Shareholders are not personally liable for the obligations of the company as their assets are considered separate from that of the PLC.
  • Privacy: The names of a PLC’s shareholders are not included in the public records.
  • One Shareholder: A minimum of one shareholder residing in any country is required to form a PLC.
  • No Minimum Authorized Capital: There is no minimum authorized share capital for a PLC.

The Valsen Advantage

  • End to end comprehensive service
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  • Extensive network pool of service providers