Dominica

The miniature state of Dominica is located in the Caribbean Sea. To be more precise, Dominica is one of the many islands of the Antilles archipelago. This cozy state, where only 72,500 people live, is a member of the British Commonwealth of Nations, as well as a very profitable and reliable offshore for foreign residents. In addition, highly developed agriculture and tourism are sources of income for Dominica.

The Republic of Dominica occupies a small area - only 754 km². The capital is Roseau. The official language is English.

Advantages

Registration of an offshore company in Dominica is very fast. Within 1-2 working days, the State Registration Chamber considers the application, then it will take one day to notarize and apostille the documents and 3-5 days to deliver them to the company owners.
The minimum capital required to open a company in Dominica is $100. The maximum amount is not limited.
The director of the company may be an individual or legal entity representing any state. The law provides for the introduction of the role of a nominee director or shareholder. Information about the owner of the company is not disclosed to third parties.
High level of privacy. The Companies Register is closed to the general public. Information about the company can be disclosed only by court order.

Dominica Corporate Law

Banking act Download

Securities Act Download

Back in the first quarter of 2018, namely on February 19, 2018, a draft of advisory document was published on the official website of the Organization for Economic Cooperation and Development (OECD), which called on all interested parties to join the discussion on the OECD strategy for combating the loopholes on using the Common Reporting Standard (CRS, Single standard of tax information exchange) in the “citizenship by the investment” (CBI - granting citizenship in exchange for...

Before buying an offshore, potential buyers usually compare the conditions of various vendors - so to speak, “ask the price”. At this stage, many people have the same questions: why are the prices for classic offshore companies so different? In fact, the cost of registration of such a company on the sites of competitors may be 5-10 times different. A tempting low price for an offshore company did not forebode good before, and the situation had worsened over the past year and a half to such...

The European Union is discussing the possible exclusion of eight countries from the “black list” of offshore zones. It is reported by the IA Reuters, referring to the documents at its disposal. According to the agency, Panama, UAE, South Korea, Barbados, Grenada, Macau, Mongolia and Tunisia can be removed from the list. Such a proposal is justified by the fact that these countries have agreed to change their tax policy. In addition, an exclusion from the list of Bahrain was discussed, but...

The Organization for Economic Cooperation and Development has published the comments that were received during the consultation on the draft of a new tool regarding the taxation of the so-called Offshore Indirect Transfers. We remind that the last ones constitute transactions for the sale of a legal entity located in one country and owning any immovable asset located in another country, by a non-resident of the country where the asset is located. The developed tool is part of the OECD program...