DOMINICA COMPANY FORMATION
Dominica Company Formation. Dominica IBC.
KGN Services 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 Services?
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 Services 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. …
Capital: Roseau.
Time Zone:UTC−4.
Languages: English (official), French patois.
Government type: Parliamentary republic.
Currency: Netherlands Antillean guilder (ANG).
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Requirement to File Annual Return