Valsen Corporate

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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    • End to end comprehensive service
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    • Dedicated ongoing compliance support
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