OFFSHORE COMPANY FORMATION Commonwealth of Dominica
East Caribbean Dollar (XCD)
Caribbean Island, between Puerto Rico and Trinidad & Tobago
GMT - 5
Total tax exemption for IBCs (No tax jurisdiction)
Relatively new offshore centre
Company legal form:
Private Limited Company by Shares
International Business Company (I.B.C.)
Corporate legislation source:
The IBC Act of 1996
All names must end with 'Limited, LTD., Incorporated, Inc., Corporation, Corp., S.A.'
Time required for incorporation:
Minimum number of directors:
Usual minimum capital:
Area accounts required::
Minimum number of shareholders:
Type of shares:
Bearer and registered. Bearer share certificates must be kept by the registered agent in Dominica.
Annual tax and duties:
What information is available on the public file:
Registered office, registered agent, Memorandum & Articles of Association
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)
International authentication (Apostille):
Legal expenses, filing fees and stamp duties:
Issuing of share certificates and initial minutes and forms:
Registered office and registered agent:
Annual tax and duties:
Due diligence checking fee:
* 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!
Nominee Director (private person):
Nominee Director (corporate body):
Power of Attorney with Notorial Certification:
Notarial Certification or Apostille:
Certificate of Incumbency:
Certificate of Good Standing:
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