Dominica Private LLC

The Dominican private limited company is commonly used by entrepreneurs seeking to establish a local SME in the Commonwealth of Dominica. An SRL must have at least 1 shareholder and 1 director, who can be of any nationality. The shareholders can be individual persons or corporate bodies, but corporate directors are prohibited for this company type.
Unlike the IBC, private limited companies in Dominica can issue shares with no par value. Therefore, a company may be incorporated with a single share and no capital if the company is not in a regulated industry;
A Dominican private company must produce consolidated financial statements, but does not require an auditor;
All companies must appoint a company secretary, who may either be an individual or a corporation. The company secretary need not be resident within the Commonwealth of Dominica, and if the company has a single director then the director is disqualified from holding the position of secretary.
Key Features Dominica PLLC

Dominica PLLC	Corporate Details
General
Type of Entity	PLLC
Registered Office in Dominica	Yes
Shelf company availability	Yes
Our time to establish a new company	2 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	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	Yes
Local or qualified	No
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

 Dominica PLLC Advantages

• Limited Liability: Shareholders are not personally liable for the obligations of the company as their assets are considered separate from that of the PLLC.
• Privacy: The names of a PLLC’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 PLLC.
• No Minimum Authorized Capital: There is no minimum authorized share capital for a PLLC. 

The Valsen Advantage

• End to end comprehensive service
• Speedy and efficient service
• Expert advice on structuring options
• Dedicated ongoing compliance support
• Extensive network pool of service providers