IBC Formation in Dominica
If you are looking to incorporate an offshore company fast and at a low cost, then Dominica, a leading offshore company registration and tax haven in the Caribbean, offers fast offshore international Business Company IBC formation. Our offshore services are expedient and professional.
We are offshore IBC registered agents approved by the goverment of Dominica to help you incorporate your offshore company in Dominica. The documentation requirement, unlike that of banks and trust companies, is simple, and we can incorporate your international business offshore company in Dominica in less than 24 hours.
Benefits to Incorporate and IBC in Dominica
An offshore company incorporated in Dominica, also known as an international business company, will enjoy a wide range of benefits including the following tax advantages:
| Exemption from all Dominican local taxes, duties and other similar charges is granted for twenty (20) years. | |
| Total anonymity and confidentiality is provided by the availability of bearer shares and the non requirement to file organisational or accounting information with the Registrar of Companies. Share registers are required to be available for inspection only by registered shareholders or by Court Order. | |
| Dominica's Act places emphasis on offering ease of operation to international offshore companies. There are no statutory requirements to hold annual general meetings. Time and venue for general meetings can be determined by members, and participation in meetings can be by telephone or other electronic means. | |
| Shares can be issued for consideration other than money and without par value. | |
| Members can reissue and require their own shares. | |
| Single directorates and corporate directors and shareholders are allowed. |
The Exchange Control Ordinance does not apply to IBCs The second Amendment to the Act allows for electronic registration, which will allow companies to register 24 hours a day, any day of the week. Contact us for more information about your offshore company registration in Dominica.
IBC Package
There are many advantages in incorporating your company in the Commonwealth of Dominica:
| Anonymity | |
| Nominee services through lawyers | |
| Highest level of privacy protection | |
| Limited liability without any paid up capital requirement | |
| Legal tax exemption for twenty (20) years | |
| No taxation on any kind of income | |
| No accounting requirements | |
| No reporting requirements | |
| No fees for accountants | |
| No auditing | |
| No requirements on profession or financial standing | |
| Business can be conducted internationally and much much more |
With the payment of the first year incorporation fees we will provide you with the folowing services
| Name check and reservation of name | |
| Preparation and settling of memorandum | |
| Preparation and settling of articles | |
| Preparation of resistration forms | |
| Filing with the Registrar of Companies | |
| Payment of filing fees |
Your incorporation package includes:
| First year government filing fees | |
| Certificate of Incorporation | |
| Memorandum and Articles of Association | |
| Letter of Appointment of first director | |
| Nominee shareholder (if required) | |
| Declaration of Trust from the nominee shareholder (if a nominee shareholder is required) | |
| Declaration of Trust from the nominee director (if a nominee director is required) | |
| Minutes of the first meeting of the founders | |
| Share Certificates | |
| Register of Shareholders | |
| Register of Directors | |
| Resolution to OpenBank Account (by special request) | |
| Resolution to Rent Officies (by special request) | |
| Resolution to Appoint a Comapny Lawyer (by special request) | |
| Resolution to an Accountant (by special request) | |
| Registered Agent Services, (first year) | |
| Registered Office, (first year) |
There are additional / optional services like:
| Unlimited Power of Attorney | |
| Limited Power of Attorney | |
| Notorization | |
| Apostille of incorporation documents and others | |
| International express delivery (with the tracking number) by FedEx or DHL. | |
| Opening of bank accounts | |
| Other resolution |
Bank Accounts
We can assist you in the opening of an offshore account for your IBC in a private offshore bank in Dominica for commercial and investment purposes. The bank offers to its clients' multicurrency offshore accounts, with secure on-line operation facilities, Cirrus/maestro debit cards and credit Master Card, etc. Initial deposit for the account activation is $1,000.
The following documents are required with your Offshore account application:
| Certified copy of all charter documents of the company | |
| A Resolution of the board of directors which appoints the Bankers | |
| Completed application forms for the offshore account to be opened | |
| Notarized copy of a valid passport for each account signatory, shareholder and director. (The notarization must contain the contact information on the notary public) | |
| Proof of a permanent address for each signatory such as; a recent utility bill, a credit card statement etc. | |
| A bank reference on each signatory to the account. The reference must be on a letter head of the issuing institution and the name and position of the signing officer on the reference. | |
| In case the company issued bearer shares the original share certificate has to be kept with the bank. |
You will be able to choose a suitable bank account option while filling in the Online Incorporation Form for IBC in Dominica.
For more information about international business, please do not hesitate to contact us.