Want to set up a firm in Dominica? We can assist you in starting a business or in buying a shelf company in Dominica with a full package of necessary documents, legal advice and follow-up support. Incorporation of a firm in Dominica includes provision of a registered office (for at least 1 year in any of our service plans), an apostilled set of constitutional documents, secretarial services and assistance with compliance fee and pre-approval for opening an account in banks of Dominica. The total price of company formation in Dominica includes all necessary fees and charges for the first year of operation, as well as full one-year nominee service (package Optimum).
The legal system in Dominica is based upon the English common law.
The principal forms of business organization in Dominica are:
For offshore solutions, the most common structure is the IBC.
There is a range of requirements to the company name in Dominica:
The following steps are required to incorporate an IBC in Dominica:
A company can be established in 1 day.
IBC should not –
However, an IBC should not be treated as carrying on business with persons resident in Dominica by reason only of the fact that it –
An IBC shall at all times have a <b>registered office</b> in Dominica maintained by the company or its registered agent.
The following documents must be kept at the Registered Office:
An IBC 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.
An IBC may, by a resolution of directors, amend its Memorandum to change the place of its registered office or to change its registered agent.
The company that contravenes the requirements above is liable to a penalty of 100 US dollars for each day or part thereof during which contravention continues, and a director who knowingly permits the contravention is liable to a like penalty.
There are no statutory requirements for an IBC to have a seal.
The redomiciliation of companies to or from Dominica is permitted.
The minimum requirement for a Dominican IBC is one director. A director may be either a natural person or a corporate entity. Directors may be either a natural person or a corporate entity. A director and shareholder may be the same person. Nominee directors are allowed.
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 requirement for a Dominican IBC is one shareholder. Shareholders may be either a natural person or a corporate entity. Shareholders may be of any nationality and reside in any country. Nominee Shareholders are allowed.
A Dominica IBC 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.
The IBC Act under Section 112 makes it an offence punishable by a fine of US $25,000.00 and imprisonment for two years for anyone including an auditor or official liquidator to reveal any information regarding a Dominica corporation, except by order of the Court, and solely relating to criminal activities.
There are no minimum requirements for share capital of a Dominica IBC. The maximum share capital has no limitation and does not affect the registration fee or the annual fees. Share capital can be issued in any currency.
Shares can be issued with or without par value.
Shares may be issued as registered or bearer form.
The standard share capital is US$ 100.
Price2 100 USD
(including incorporation tax and state registry fee)
(Stamp Duty) and Companies House incorporation fee
Price1 410 USD
(including registered address and registered agent)
DHL or TNT, at cost of a Courier Service
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Paid-up “nominee director” set includes the following documents
Paid-up “nominee shareholder” set includes the following documents
Compliance fee is payable in the cases of: 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)
simple company structure with only 1 physical person
additional compliance fee for legal entity in structure under GSL administration (per 1 entity)
additional compliance fee for legal entity in structure NOT under GSL administration (per 1 entity)