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 |
|
· Type of Entity |
IBC |
· Governed by |
International Business Companies (IBC) Act 1996 |
· Registered Office in Dominica |
Yes |
· Shelf company availability |
Yes |
· Our time to establish a new company |
1-2 Days |
· Corporate Taxation |
Exempt for 20 years |
· Access to Double Taxation Treaties |
No |
Share capital or equivalent |
|
· Standard currency |
US Dollar |
· Permitted currencies |
Any |
· Minimum paid up |
$100 |
· Usual authorized |
No Limit |
· Bearer shares allowed |
Yes |
· No par value shares allowed |
Yes |
Directors |
|
· Minimum number |
One |
· Local required |
No |
· Publicly accessible records |
No |
· Location of meetings |
Anywhere |
· Corporate directorship allowed |
Yes |
Shareholders |
|
· Minimum number |
One |
· Publicly accessible records |
No |
· Corporate shareholder allowed |
Yes |
· Location of meetings |
Anywhere |
Company Secretary |
|
· Required |
No |
· Local or qualified |
Not required |
Accounts |
|
· Requirements to prepare |
Yes |
· Audit requirements |
No |
· Requirements to file accounts |
No |
· Publicly accessible accounts |
No |
Other |
|
· Requirement to file annual return |
No |
· Migration of domicile permitted |
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
The Valsen Advantage
- Speedy, Efficient and consistent Services.
- Relentless effort to obtain bank accounts.
- Expert advice on structuring options.
- Dedicated ongoing compliance support.