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2017.04.29
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OFFSHORE COMPANY FORMATION
Commonwealth of Dominica
Status Parliamentary Democracy
Area, sq.km: 754
Population: 110 000
Capital: Roseau
Business language: English
Currency: East Caribbean Dollar (XCD)
Location: Caribbean Island, between Puerto Rico and Trinidad & Tobago
Time zone: GMT - 5

 

INCORPORATION DATASHEET
Advantages: Total tax exemption for IBCs (No tax jurisdiction)
Disadvantages: Relatively new offshore centre
Company legal form: Private Limited Company by Shares
Company status: International Business Company (I.B.C.)
Corporate legislation source: The IBC Act of 1996
Company name: All names must end with 'Limited, LTD., Incorporated, Inc., Corporation, Corp., S.A.'
Time required for incorporation: 4-5 weeks
Minimum number of directors: 1
Usual minimum capital: 100 USD
Area accounts required:: No
Minimum number of shareholders: 1
Type of shares: Bearer and registered. Bearer share certificates must be kept by the registered agent in Dominica.
Annual tax and duties: 150 USD
What information is available on the public file: Registered office, registered agent, Memorandum & Articles of Association
Non-public information: Directors, shareholders
Registered office: Local registered office is required by law.
Registered secretary / agent: Local registered agent is required by law.
Double tax treaty Dominican IBCs are not subject to DTTs.

COMPULSORY COSTS (payable prior to registration)

FORMATION FEES
Incorporation fee: 600 USD
Notarial certification: 140 USD
International authentication (Apostille): 200 USD
Legal expenses, filing fees and stamp duties: 150 USD
Issuing of share certificates and initial minutes and forms: 100 USD
Corporate seal: 50 USD
Courier fees: 50 USD
Subtotal: 1290 USD
ANNUAL FEES*
Registered office and registered agent: 990 USD
Annual tax and duties: 150 USD
Due diligence checking fee:  100 USD
Subtotal: 1240 USD
Total: 2530 USD


* The annual fees for the first year of the company's existence are payable prior to incorporation. Subsequently the amount of 1240 USD is payable annually beginning from the 1st of January of the year following the year of incorporation. Non-payment of the annual fees results in deletion from the Companies Registry.

The amount of 2530 USD includes the following services: formation of the company, duties payable to the local authorities for the incorporation of the company, Certificate of Incorporation with Apostille, provision of Memorandum Articles of Association authenticated by Registrar, Appointment of First Directors with Notary Public authentication, Share Certificates, initial minutes, provision of registered office and registered agent for 1 year, annual tax for the 1st year, two company seals, luxury leather corporate kit, courier delivery to Laveco office. The price contains no hidden costs!

OPTIONAL COSTS
Nominee Director (private person): 890 USD
Nominee Director (corporate body): 495 USD
Nominee shareholder: 295 USD
Power of Attorney with Notorial Certification: 390 USD
Notarial Certification or Apostille: 140 USD
Certificate of Incumbency: 330 USD
Certificate of Good Standing: 330 USD
In cases where the total number of attorneys, shareholders and beneficiaries in a company is more than 5, a supplement of 100 USD will be payable for each additional person.

LAVECO Ltd. is pleased to offer its clients shelf companies in Dominica which are available at the same cost. In the case of purchase of a shelf company the paperwork and documentation involved can be completed in 2-3 working days. Contact our office for details and a list of shelf companies!

SHELF COMPANY PACKAGE
Formation fees including annual fees for the calendar year in which the company is incorporated.
Ready-made company in Dominica with incorporation and annual fees for the calendar year in which the company is incorporated, nominee director and shareholder, and a certified power of attorney with Apostille.

4 005 USD 

Fees payable from the second year.
Annual tax and duties, registered office and registered agent, nominee director and shareholder and notarised Power of Attorney
2 715 USD

 

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