DOMINICA COMPANY FORMATION
Dominica Company Formation. Dominica IBC.
KGN specializes in Dominica Company Formation and opening bank accounts.
Dominica Company – Overview
Principal Corporate Legislation
The International Business Companies Act, 1996 (“the Act”) as amended.
Type of Law
Common.
Language of Legislation and Corporate Documents
English.
Type of Entity for International Trade, Investment & Tax Planning
Dominica IBC (International Business Company).
Share Capital
Standard authorised share capital is US$50,000. Minimum paid up share capital is US$1.
Classes of Share Available
Registered shares, shares of no par value, bearer shares, preference shares, redeemable shares and shares with or without voting rights.
Bearer Shares
Permitted
Restrictions on Trading
Cannot trade within Dominica. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Office Required
Yes, must be maintained in Dominica.
Directors
A Dominica IBC requires a minimum of one director. Director can be of any nationality and need not be resident in Dominica. Corporate directors are permitted.
Shareholders
A Dominica IBC requires a minimum of one shareholder.
Publicly Accessible Records
No.
Nominee Shareholders and Nominee Directors
Allowed.
Location of Meetings of Directors and Shareholders
Anywhere.
Personal Presence Required
No.
Taxation
Nil.
Double Taxation Treaty Access
None.
Requirements to File Accounts
None.
Requirement to File Annual Return
None.
Audit Requirements
None.
Language of Name
English.
Restricted Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Name of a Company
The words “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anonima” or Ltd, Corp., Inc., S.A. must be part of the name of every company.
Time to Incorporate
Two days.
Advantages of Dominica Company Formation
Exemption from all local taxes and stamp duty
No exchange controls
Maximum confidentiality and anonymity
Ease of operation, maintenance and control
Asset security
No disclosure or minimum capital requirements
The minimum number of shareholders is one
The minimum number of directors is one
Corporate directors and shareholders are permitted
Excellent and flexible post-incorporation follow-up services
No statutory requirement to hold annual general meetings
Highly competitive fees and costs
Dominica Company Formation Prices
Dominica Company Formation Package Includes:
Company Name Check
Initial Business Approval
Preparation of Application Documents
Company Registration Fee
Registered Office Address for 1 year
Registered Agent Services for 1 year
Government filing fee
Certificate of Incorporation
Memorandum & Articles of Association
Minutes of first meeting appointing the director(s)
Share Certificate(s)
Register of shareholders
Register of directors
Starting at: $1990
Why Choose KGN?
We’ve been helping business owners since 1996
Incorporating your business is our focus
We make a complex process fast and easy
We work closely with Companies Registries to guarantee our service
Fastest offshore companies & accounts – Most competitive pricing worldwide
Services related Dominica Company Formation
KGN provides the following services in Dominica:
Dominica Company Incorporation
Registered Office and Agent Services
Company Secretarial Services
Nominee Shareholder/Nominee Director
Opening of Bank Accounts
Full Company Administration Services
Mailing Address
Virtual Office
Trademark Registration
Dominica – General Information
Location: Caribbean, island between the Caribbean Sea and the North Atlantic Ocean, about halfway between Puerto Rico and Trinidad and Tobago.
Area: total: 751 sq km, land: 751 sq km, water: 0 sq km. …
Natural resources: Timber, hydropower, arable land.
Population: 73,897 (July 2017 est.).
Capital: Roseau.
Time Zone:UTC−4.
Languages: English (official), French patois.
Government type: Parliamentary republic.
Legal system: Common law based on the English model.
Economy: Most of Curacao’s GDP results from services. Tourism, petroleum refining and bunkering, offshore finance, and transportation and communications are the mainstays of this small island economy, which is closely tied to the outside world. Curacao has limited natural resources, poor soil, and inadequate water supplies, and budgetary problems complicate reform of the health and education systems. Although GDP grew only slightly during the past decade, Curacao enjoys a high per capita income and a well-developed infrastructure compared to other countries in the region.
Currency: Netherlands Antillean guilder (ANG).
KGN | Curacao Company
Tags: Curacao companies
Requirement to File Annual Return