Banking in Dominica
We provide a highly experienced team of offshore banking agents, who can help you to open an offshore bank account in Dominica. Whether you are looking for offshore financial privacy, or you would simply like to open a bank account in Dominica, our highly reputable agents are available to help you through the process. Please contact us with details about your banking needs. We will work quickly and at a reasonable cost to help you to open your offshore bank account in Dominica.
We trust that the information on this page will be helpful in paving the way for a fruitful and beneficial international relationship in the future. If you need any further clarification, please do not hesitate to contact us.
Applying for a Banking License
Dominica offers offshore banking licenses to reputable individuals who follow the requirements set by the government of Dominica for obtaining an offshore banking license.
These guidelines include:
Incorporation of a local company which will be the applicant for the banking license.
The client must then indicate:
Schedule of Fees
|Non-Refundable Application Processing Fee US$1,500.00|
|License Registration FeeUS$8,000.00 pro-rated|
|Annual License Renewal FeeUS$8,000.00 due by January 15|
|Minimum start up capital of US$1,000,000 freely available in cash and or readily negotiable instruments.|
|Total paid up capital plus reserves of accumulated profits less accumulated losses cannot be less than US$1,000,000 or its equivalent in another convertible currency.|
|A Reserve Fund must be maintained and must not be below the level of the issued paid up capital of the company. Whenever the Reserve Fund falls below the level of the issued paid up capital of the company, at least 25% of net profit before payment of dividends, must be transferred to the Fund.|
|Permanent capital of at least US$1,000,000 or 5% of deposit liabilities whichever is greater, must be maintained. |
For more information about exempt insurance offshore, please do not hesitate to contact us.