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Dominica IBC

Dominica Company!

Why a Dominica IBC?

The Dominica International Business Company (IBC) is an offshore company with many beneficial features:

  • 100% tax exempt for a minimum of twenty (20) years. This includes corporate, capital gains, inheritance and stamp or gift tax
  • There is no exchange of information with other tax agencies
  • There are no currency exchange controls

Dominica Company Formation

  • Dominica IBC may be formed with a single incorporator or a single director/shareholder
  • The shareholder can be the same person as the director
  • Dominica corporations can use a nominee director and a nominee shareholder*
  • There is no obligation to have a corporate secretary
  • The directors or shareholders of Dominica offshore companies can be individuals or corporations themselves, and the nationality of the officer is of no importance
  • There is no residency requirement for the officers
  • The required KYC documents do not have to be physically sent, we accept faxed or emailed copies

Dominica Company Share Capital

The IBC is a company limited by shares, requiring shareholders, but nominee shareholders can be used free of charge.

  • A variety of types of shares may be issued for Dominica offshore companies including — registered shares, bearer shares
  • Shares can be issued with or without par value
  • The minimum requirement is USD $100, there is no share capital maximum set
  • The share capital value does not affect the registration fee or the annual fees
  • Shares may be presented in any identifiable currency

Dominica Offshore Company — Meetings and Bookkeeping

  • The Dominica IBC does not have to file or maintain records and accounts, or financial statements. Where the shareholders, directors or officers decide to maintain such records or accounts, these may be held anywhere in the world
  • Directors or shareholders do not have to hold annual meetings, unless they want to, and if held can be held by any means from anywhere

Dominica Companies — Privacy and Confidentiality

  • Under Section 112 of the IBC Act revealing information regarding a Dominica offshore corporation or Dominica offshore company formation is an offense that is punishable by a fine of US $25,000.00 and subject to two years imprisonment
  • Dominica has a closed registry for offshore companies; information on the Beneficial Owners are not available to the public
  • Nominee shareholder and directors services are available to provide further confidentiality and privacy

Dominica Company Incorporation Process

  1. Same day Dominica incorporation is available
  2. Dominica shelf companies (vintage included)are available from CCP Inc. Off the shelf Dominica offshore companies are ready for immediate use

Dominica Companies Administration and Maintenance

  • Affordable annual renewal/maintenance fees (includes government fees, registered office and registered agent fees and nominee director or shareholder fees where applicable). We provide full company maintenance.
  • Annual fees are not based on the value of the share capital
  • No need to travel to Dominica to set up or maintain the Dominica IBC
  • No other administrative requirements for Dominica IBCs

Dominica Offshore Company Conditions

  • If bearer shares are issued, they must be kept in Dominica by the agent
  • The Dominica offshore IBC is restricted from doing business with Dominica residents or companies except for cases in which the company maintains professional contact with accountants, bookkeepers, lawyers or other similar persons within Dominica
  • If the company holds meetings, prepares or maintains books and records within Dominica.
  • Dominica companies (offshore) are not allowed to own property in Dominica.

Other than these restrictions, Dominica companies can carry on any legal business outside Dominica.

Dominica Offshore Companies Overview

Legislation governing the Dominica Company was passed in June 1996. Though based on the standard IBC protocol, the act provides for generous tax savings by way of a 20 year — 100% tax free regime. Dominica companies do not pay capital gains tax, inheritance tax or stamp duties on the revenue of the offshore company.

The legislation is progressive in that it is reviewed and amended periodically to introduce more attractive features ensuring that the Dominica Offshore company meets investor’s needs.

We offer a nominee shareholder free of charge in our Dominica IBC packages. A nominee officer is a person designated by the agent and whose name appears on the incorporation documents as the shareholder and/or the directors. This is an additional service, but when used, the privacy and confidentiality is further increased since: upon doing any business in the company name, the directors of the company are not related to the actual beneficial owner.