DOMINICA OFFSHORE COMPANIES (IBC)
BENEFITS
Among the benefits that are specifically enjoyed are the following:
-
20 year tax exemption.
-
To set an IBC in Dominica only one director is required
-
One person can act as both director and shareholder of the company.
-
A company can act as both shareholder and director of the IBC
-
No maximum on the amount of share capital of the company
-
The registration, annual fees and license do not depend on the amount of the share capital of the company
-
Government fee for exemption of tax is to be paid when the company is incorporated.
-
The share capital can be in any currency.
-
The name and incorporation documents can be in any language, however, it does require an English translation
-
No requirement of holding annual meetings of shareholders and directors, within the territory and can also be held by other electronic means.
-
The company doesn't have to registered or operated within the territory of Dominica.
-
Closed register of the directors and shareholders
-
There are no international dual taxation agreements
