For Business
International Business Company Formation
Dominica Company Formation
Company formation in the Commonwealth of Dominica can be obtained in 24 hours under the International Business Companies Act of 1988 for international business companies (IBCs).
All companies are required to have at least one director.
Annual meetings need not be held in Dominica.
There are no nationality or domicile restrictions for directors.
To form an IBC, only one shareholder is required and there is no minimum capital requirement.
Corporations may act as shareholders.
Dominica requires no capital minimum or annual returns.
To incorporate a Dominica company, you must provide the following information:
1. corporation name
2. share capital
3. and number of initial directors; directors need not be listed by name, nor must the company state a specific purpose of incorporation.
Each non-resident domestic corporation must have a registered agent and address in Dominica.
Companies can hold annual directors meetings anywhere in the world, and officers, owners, and directors’ names need not be disclosed.
Payment of an annual fee ensures the corporation remains a company in good standing.
Foreign Shipping Companies
A company formed under another jurisdiction may be registered as a Foreign Maritime Entity in Dominica for the purpose of registering its vessels under the Dominica flag.
These entities must comply with the laws of the jurisdiction in which they are formed.
For more information, please contact us at: consulate@dominicaconsulate.com or call us at:
1. +306932 48 8888
2. +30 210 361 15 05 | +30 210 36 27 889
General Information
To form a Dominica IBC click here to download the application form. The completed form can returned to marine@dominicaconsulategreece.com and a representative will then contact you for further information and assistance.
The Commonwealth of Dominica’s international corporate registry is one of the fastest growing and most efficiently managed corporate registries today.
The International Business Act of 1996 allows for convenient and easy establishment of an International Business Company (IBC) in Dominica. Forming a company can be done by one person and there is no requirement for local shareholders or directors for a Dominica IBC.
Offshore companies formed in Dominica enjoy exemption from income and capital gains taxes, as well as withholding, transfer and stamp taxes.
There are also no requirements for annual meetings or audit requirements and there are no requirements to file annual records. Confidentiality is important and the names of directors and shareholders are not part of any public record.
Our Administration prides itself on honesty, integrity, and our commitment to serving the corporate community as a whole.
Dominica IBC’s are perfectly tailored for today’s ship-owner and formation of a Dominica IBC is both fast and economical.
Dominica IBC Advantages
International companies who choose to base out of Dominica enjoy advantages including tax exemptions, capital and structural flexibility, and member confidentiality.
The Dominica International Business Companies Act passed in 1996 was aimed at creating a competitive environment for companies looking for an offshore jurisdiction to base their operations.
Since the Act’s initial adoption in 1996, progressive amendments have been passed to further enhance the nation’s attractiveness and viability to prospective entrepreneurs.
Some of the features an IBC based in Dominica can expect include:
INTERNATIONAL BUSINESS COMPANY TAXATION
Offshore companies formed in Dominica enjoy total exemption from local taxes including:
Income and capital gains taxes
Withholding taxes
Transfer taxes
Stamp duties
IBC CAPITAL
No minimum paid up share capital
Capital may be denominated in any currency
Capital may be denominated in different currencies
IBC SHARES
A minimum of one share may be issued
Shares may be issued with or without par value
Shares may be denominated in any currency
Shares may be acquired, re-issued or purchased
IBC DIRECTORS & SHAREHOLDERS
A minimum of one shareholder and one director is required
Shareholders/directors may be individuals or corporations
No annual general meeting of shareholders is required
Shareholders/directors need not reside in Dominica
No business license is required
Shareholders/directors meetings are optional
Meetings may take place outside Dominica
MOBILITY/CONFIDENTIALITY
Re-domiciliation is permitted either into or from Dominica
IBC assets may be transferred to Trustees either within or outside Dominica
Maximum confidentiality is assured by Dominican law
ADMINISTRATION AND REGISTRATION
A Dominica IBC can be created within 24-48 hours after an application to the Dominica Maritime
Registry is submitted.
No annual returns must be filed or published
CORPORATE NAME
Any company that registers as an IBC in Dominica must contain the phrase Limited (Ltd), Sociedad
Anonima (S.A.), Corporation (Corp.) or Incorporation (Inc.) as a suffix to its name.
No company forming in Dominica shall ever contain the words “Dominica” “royal” “national”
“chamber of commerce” or any other word that may be construed as having any connection to the
Dominican Government or its activities.
No company can use a name that already exists as a registered Dominica IBC.
For more information please contact marine@dominicaconsulategreece.com
Forms & Applications
The following application regarding corporate services is available below:
IBC’s
Application to register a Dominica IBC
Inquiries and completed forms can be submitted to marine@dominicaconsulategreece.com