Dominica
is one of the premier offshore jurisdictions in the world with the newest offshore legislation and technologically more advanced than many other neighbouring jurisdictions. It offers safe and secure offshore banking, tax free income and profits, no capital gains tax and no annual reporting requirements.
What are the features and advantages of a Dominica Company?
Dominica IBCs are exempt from all taxes for a minimum of 20 years. A Dominica company can be incorporated within 24 hours after receipt of funds and completed forms.
The following are the main features of an offshore company incorporation in Dominica:
- Exemption from all local taxes, duties and other related taxes.
- No exchange controls on the movement of funds by International Business Companies.
- No requirement to file annual returns or accounts with the authorites.
- Share registers are only available for inspection by registered shareholders.
- There is no capital gains tax.
- Single Director Companies and Single Shareholder Companies are permitted (can be the same person or corporate entity).
- No statutory requirement to hold an Annual General Meeting.
