Dominica

Geographically, Dominica is distinctive in many ways. The country has one of the most rugged landscapes in the Caribbean, covered by a largely unexploited, multi-layered rain forest. It is also among the earth's most rain-drenched lands, and the water runoff forms cascading rivers and natural pools. The island is home to rare species of wildlife and is considered by many as a beautiful, unspoiled tropical preserve. According to a popular West Indian belief, Dominica is the only New World territory that Columbus would still recognize.

Key Corporate Features and Requirements

General

• Type of entity: IBC
• Type of law: Common
• Shelf Companies Available: Yes
• Time to establish a new company: 3 days
• Minimum government fees (excluding taxation): US$150
• Corporate taxation: Nil (Exempt for 20 Years)
• Double taxation treaty access: No

Share capital or equivalent

• Standard currency: US$
• Permitted currencies: Any
• Minimum paid up: US$1
• Usually authorized capital: US$100,000

Directors

• Minimum number: One
• Local required:  No
• Publicly accessible records: No
• Location of meetings: Anywhere

Shareholders

• Minimum number: One
• Publicly accessible records: No
• Location of meetings: Anywhere
• Company Secretary
• Required: Optional

Accounts

• Requirement to prepare: Yes
• Audit requirements: No
• Requirement to file accounts: No
• Publicly accessible accounts: No

Other

• Requirement to file annual return: No
• Change in domicile permitted: Yes