Dominica offshore companies (IBC) benefits
The following are some of the features of an International Business Company registered in Dominica:
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Exemption from local taxes such as stamp duty, withholding taxes, transfer taxes and income and capital gains taxes for a minimum of 20 years.
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Total anonymity, privacy and confidentiality.
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There is no minimum paid up share capital and capital can be in any currency.
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A minimum of one(1) share may be issued. Shares may be registered or issued to bearer and may be issued for consideration other than money and without par value.
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A minimum of one shareholder and one director is required for the company and the shareholder and director can be one person. Shareholders/directors may be individuals or corporations and need not reside in Dominica.
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There are no statutory requirements to hold annual general meetings of directors or shareholders.
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Incorporation and annual fees are very low and do not depend on the value of the share capital of the company. Annual fees are payable on the birthday of the company.
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There is no requirement to file annual returns or financial statements.
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There is no requirement to file register of directors or shareholders with the Registrar of Companies.
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It is not required that the owner visits Dominica to incorporate the company.
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The use of apostille is permitted
