Company registration in Dominica | |||||||
|---|---|---|---|---|---|---|---|
| Name of service | Package Economy | Package Standard | Package Full | Package Plus | Package Exclusive | ||
| Company registration, including the payment of state fees | + | + | + | + | + | ||
| Legal address for 1 year | + | + | + | + | + | ||
| Share certificate | + | + | + | + | + | ||
| Registered agent | + | + | + | + | + | ||
| Stamp of the company | + | + | + | + | + | ||
| Apostille of documents | – | + | + | + | + | ||
| Nominee shareholder for 1 year | – | – | + | + | + | ||
| Nominee director for 1 year | – | – | + | + | + | ||
| Issue of The Power of Attorney to one person | – | – | + | + | + | ||
| Corporate Account in Rietumu bank | – | – | – | + | + | ||
| Personal account in Latvian bank | – | – | – | – | + | ||
| Total cost | 750 EUR | 772 EUR | 975 EUR | 1275 EUR | 1275 EUR | ||
| Annual service fee | 750 EUR | 745 EUR | 922 EUR | 922 EUR | 922 EUR | ||
Order | Order | Order | Order | Order | |||
General information
Dominica State is located on an island in the Caribbean. During its long history Dominica many times was on the rule of French and British, but became an independent state only in 1984. Dominican national system is a parliamentary republic. The main source of income is food export (mainly bananas) to the EU. The tourism sector is not so developed comparing to other Caribbean islands. This is due to the island’s volcanic origins and the fact that Dominica doesn’t have as much sandy beaches as other Caribbean islands.
The most common business entities
Popular business entities are international business companies (IBCs), as well as private limited liability companies (PLLC)
The main features
Director and shareholder of the offshore company can be the same person.
Corporate legislation
Corporate Legislation law is based on English common law.
Registered capital
The minimum and maximum share capital is not set, the standard is considered to be $ 100. It can be in any world currency.
The main requirements for directors and shareholders
International Business Company must have at least one director. He may be a natural or legal person there are no specific requirements for residence. There is a need for at least one shareholder (the director and shareholder can be the same person).
Disclosure of the company’s beneficial to government bodies
There is no public access to information on beneficiaries, and, moreover, such a disclosure can lead to the criminal proceedings.
Taxation
Companies pay only the annual fee.
Accounting
International Business Companies are exempt from the need to prepare and submit any type of financial statements and perform audits.