Thursday, 21 March, 2019
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The Commonwealth of Dominica
  • The Commonwealth of Dominica is an independent republic situated on an island in the Caribbean region. The country has beautiful nature. Many movies have been filmed here including Pirates of the Caribbean.
  • The legislative power in the country is vested in the Parliament. The head of state is the President. In 1805 Dominica was made a British colony. It became an independent state in 1978.
  • The main revenues of the jurisdiction are derived from tourism and the finance sector.
  • Incorporation and management of an IBC in this country is regulated by the Dominica International Business Companies Act 1996. This provides for full exemption of IBC companies from taxation.
  • It is important to note that the English-speaking Commonwealth of Dominica has nothing in common with the Dominican Republic. The Dominican Republic is also located in the Caribbean region, but is a Spanish-speaking country with a considerably larger area and population.

GENERAL INFORMATIONTotal area - 751 sq km
Population - 72,000
Location - click here to see the map of offshore jurisdictions
Political status - republic
Capital - Roseau
Official language - English
Official currency - Caribbean dollar (XCD)
Time zone - GMT - 4
Company typeInternational Business Company (IBC)
Directors/OfficersThe Commonwealth of Dominica companies require a minimum of 1 Director, who may be a natural person or a corporate body from any legal jurisdiction.
Each Dominica company must file a register of its Directors with its registered agent or the Register of Enterprises of Dominica.
ShareholdersThe Commonwealth of Dominica companies require a minimum of 1 shareholder, who may be a natural person or a corporate body from any legal jurisdiction.
Each Dominica company must file a register of its shareholders with its registered agent or the Register of Enterprises of Dominica.
SecretaryThere is no statutory requirement for a Company Secretary to be appointed.
Authorised share capital Standard authorised capital = USD 5,000.
There is no statutory requirement for capital to be fully or partly paid on incorporation.
Company Names The name of a Commonwealth of Dominica company must end with the words "Incorporated", "Corporation", "Limited", or with suffixes such as "Inc.", "Corp.", "Ltd.", "S.A.".
Company names containing restricted words such as "Bank", "Insurance", "Trust", "Assurance", "Imperial", "Royal" etc. will not be permitted unless an appropriate national operating licence has been obtained by the company.
Beneficial Ownership information Information with regard to ultimate beneficial ownership must be disclosed to the Registered Agent of the company and is held by the agent on a confidential basis.
Filing of Annual ReturnThere is no requirement to file an Annual Return.
Filing of Financial StatementsThere is no requirement to file Financial Statements in Dominica.
Corporate TaxationThe corporate taxation of the Dominica IBC companies is 0 %.
Tax TreatiesDominica IBC companies are not entitled to take advantage of Double Tax treaties concluded by Dominica with other countries.
Timeframe for incorporation 4/5 working days. A complete set of company documents can be delivered in 4/5 weeks.
Takeover of management & secretarial services for an existing Commonwealth of Dominica companyPossible, following verification of Beneficial Ownership and agreement with and discharge of liabilities to previous corporate service provider in Dominica.
Description of incorporation documentsClick here for itemised description of company documents.
"Ready-made"("Shelf") companies"Ready-Made" companies are generally available. Please contact I.O.S. for the information on availability of the Ready-Made companies for current day.
Price of Commonwealth of Dominica companyEUR 1,290, including incorporation costs, full domiciliary (Registered Agent/Office) costs, set of documents legalised by Apostille, including General Power of Attorney.
Cost of annual support servicesEUR 840 per year, including annual Government Duty, full domiciliary (Registered Agent/Office) costs, General Power of Attorney for current year.
  • INTERNATIONAL OVERSEAS SERVICES has the following comments: -
  • Dominica has a good infrastructure and favourable legislation in respect of International Business Companies.
  • It is therefore a likely option to be recommended as a seat of an offshore company of less frequently used jurisdictions.
Info Lines:
Tel Aviv:+972-37-382009