Dominica IBC
The Commonwealth of Dominica (not to be confused with the Dominican Republic) is located in the Eastern Caribbean offers attractive offshore formation opportunities for potential foreign individuals and companies. Dominica currently offers a broad range of offshore services, the most popular product being the International Business Company IBC, also known as an offshore company or a non-resident company. The Dominica IBC offers individuals fully tax exempt status, with zero obligations on financial reporting and low fixed annual fees for licensing. As an offshore business center, Dominica is quickly becoming one of the world leaders in offshore services.
Key Features
|
Dominica IBC |
Corporate Details |
|
General |
|
|
IBC |
|
International Business Companies (IBC) Act 1996 |
|
Yes |
|
Yes |
|
1-2 Days |
|
Exempt for 20 years |
|
No |
|
Share capital or equivalent |
|
|
US Dollar |
|
Any |
|
$100 |
|
No Limit |
|
Yes |
|
Yes |
|
Directors |
|
|
One |
|
No |
|
No |
|
Anywhere |
|
Yes |
|
Shareholders |
|
|
One |
|
No |
|
Yes |
|
Anywhere |
|
Company Secretary |
|
|
No |
|
Not required |
|
Accounts |
|
|
Yes |
|
No |
|
No |
|
No |
|
Other |
|
|
No |
|
Yes |
Advantages
- Zero tax
- Political and economic stability
- Absence of exchange, currency and capital controls
- Absence of tax treaties
- Modern and simple incorporation laws and procedures
- Superior banking and professional services
- Minimum disclosure requirements
- Currency diversification
- Limiting personal liability