The Commonwealth of Dominica is the state, situated on the island in the Caribbean, which attracts tourists by hot springs, beaches with black and yellow sand, a variety of flora and fauna.
Dominica became independent in 1978, after which it were multiple economic crises. Today the agriculture and the financial sector is developing.
The International Business Companies Act 1996 regulates companies’ activities in Dominica.
International Business Company (its name must include Limited, Ltd, Corporation, Corp., Inc., S.A. etc.). The companies can not receive income from the sources located in Dominica or to own property there.
Corporate tax is 30%.
From 2020, all international business companies are subject to local taxation.
VAT is 15%, but reduced rates apply to certain categories of goods.
Dominica has signed several agreements on the avoidance of double taxation, but such an agreement has not been signed with Ukraine.
Ukraine recognizes Dominica as an offshore, therefore, the jurisdiction is included in the list of offshore zones.
If you are planning to register a company in Dominica, please contact our lawyers for advice:
+38 (098) 737-88-88
We will help you buy an offshore company in Dominica or in any other jurisdiction on the most favorable terms. Dominica offshore companies may be the best solution for your business.