COMMONWEALTH OF DOMINICA Companies
|Type of Company
|Common or Civil Law
|Disclosure of Beneficial Owner
|Migration of Domicile Permitted
|Tax on Offshore Profits
|Minimum Number of Shareholders
|Minimum Number of Directors
|Bearer Shares Allowed
|Corporate Directors Permitted
|Company Secretary Required
The Commonwealth of Dominica is an English speaking country located in the Eastern Caribbean, between Martinique and Guadeloupe. (It has been confused with the Dominican Republic, a wholely different Spanish-speaking island).
The population of Dominica is approximately 72,000. The capital city is Roseau. The country's infrastructure is good with excellent water, power and communications. There are direct dial facilities worldwide via fibre optic undersea cable; and Internet and data transmission facilities are readily available.
Dominica has been called the "nature island" of the Caribbean. Forests cover over 60% of the country and the hills and valleys are spectacular. There are over 365 rivers and the country has hot springs and the world's largest boiling lake which endows it with tremendous potential for geo-thermal energy and/or spa development.
We present Dominica as a premier jurisdiction more particularly so as it possesses those qualities that good jurisdictions should possess, those being:
- No tax
- Political and economic stability
- Absence of exchange controls, currency controls or capital controls
- Absence of tax treaties
- A welcoming governmental attitude
- Modern incorporation laws
- Simple incorporation procedures
- Excellent communications and transportation
- Good banking and professional services
- An English Common Law System
- English as the language of choice
- Strict secrecy and confidentiality codes
- Minimum corporate disclosure requirements
- A central geographical location
FINANCIAL STATEMENTS REQUIRED
There is no requirement to file accounts with the authorities, but a company is required to keep financial records that reflect the financial position of the company.
The minimum number of directors is one. The directors may be natural persons or corporate bodies. They may be of any nationality and need not be resident in the Commonwealth of Dominica.
Not required, but normally appointed.
The minimum number of shareholders is one.