The legal system in Dominica is based upon the English common law.
The principal forms of business organization in Dominica are:
Until January 1, 2022, it was possible to register an International Business Company. However, now the registration of this form of company is prohibited. However, Dominica still retains the status of a jursidiction with a preferential taxation system.
There is a range of requirements to the company name in Dominica:
The following steps are required to incorporate a company in Dominica:
A company can be established in 1-2 days.
A company shall at all times have a registered office in Dominica maintained by the company or its registered agent.
The following documents must be kept at the Registered Office:
An company shall at all times have a registered agent in Dominica. Only a barrister and solicitor or an accountant practicing in Dominica can act as a registered agent. No person shall be a registered agent unless he has been licensed by the Registrar to act as a registered agent.
There are no statutory requirements for a company to have a seal.
The redomiciliation of companies to or from Dominica is permitted.
A private limited liability company may have one director, no residency requirements.
A public limited liability company requires a minimum of 3 directors.
Director's meetings are not required.
There is no statutory requirement for a secretary or other officers for Dominica corporations; however, if officers are required they can also be directors and shareholders.
The minimum number of shareholders for both a private limited company and a public limited company is one. Shareholders may be of any nationality and reside in any country.
A Dominica company does not need to hold an Annual General Meeting of its shareholders. If such a meeting is decided on, it may be held anywhere in the world and by any means including by telephone or other electronic means, once effective communication is ensured.
Shareholders’ derails are not available to public.
Beneficiaries’ details do not appear on a public profile. Generally, service providers including firm specializing in company formation, trust managers, lawyers, and accountants, keep beneficiaries’ information in strict confidentiality.
The information on the Beneficial Owners is kept at the Registered Office and not available to the public.
There is no minimum capital amount. There is also no maximum amount and it does not affect the registration fee or annual fees. Capital can be issued in any currency.
Shares can be with or without par value.
The shares of a public company (as opposed to a private company) are traded on a stock exchange.
PriceUSD 2 100
(including incorporation tax and state registry fee)
Priceincluded
(Stamp Duty) and Companies House incorporation fee
PriceUSD 2 300
(including registered address and registered agent)
Pricefrom USD 800
DHL or TNT, at cost of a Courier Service
PriceUSD 780
for 1 year, not including POA
PriceUSD 585
Paid-up “nominee shareholder” set includes the following documents
Compliance fee is payable in the cases of: incorporation of a company, renewal of a company, liquidation of a company, transfer out of a company, issue of a power of attorney to a new attorney, change of director / shareholder / BO (except the change to a nominee director / shareholder), signing of documents
PriceUSD 275
simple company structure with only 1 physical person
PriceUSD 165
additional compliance fee for legal entity in structure under GSL administration (per 1 entity)
PriceUSD 220
additional compliance fee for legal entity in structure NOT under GSL administration (per 1 entity)
PriceUSD 385
PriceUSD 110