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Company registration in Dominica

Photo 1 - Company registration in Dominica

About Austria Dominica

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.

LEGISLATION

The International Business Companies Act 1996 regulates companies’ activities in Dominica.

Types of companies

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. 

Photo 1 - Company registration in Dominica

COMPANY REGISTRATION IN DOMINICA: requirements

INTERNATIONAL BUSINESS COMPANY:
  • The minimum authorized capital – not established. Payment by the moment of incorporation in not required.
  • Shares –bearer shares are allowed but their certificates must be kept by the resident agent.
  • Director – at least 1 individual or legal person, no residency required. 
  • Members – at least 1, individual or legal person, no residency required. 
  • Secretary – not required.
  • Confidential information: information about directors and shareholders. Nominee service may be used. 
  • Company is not obliged to keep and submit an annual financial report, to be audited. 
  • Annual meetings of shareholders are not required. 
TAXES

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.

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CURRENCY CONTROL

None.

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AGREEMENTS ON AVOIDANCE OF DOUBLE TAXATION

Dominica has signed several agreements on the avoidance of double taxation, but such an agreement has not been signed with Ukraine.

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FEATURES

Ukraine recognizes Dominica as an offshore, therefore, the jurisdiction is included in the list of offshore zones.

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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. The cost of offshore registration in Dominica is formed for each client, so get the final price in the commercial offer after clarifying all the details by our lawyer.

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