Dominica PLC

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.
  

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