Dominica, officially known as the Commonwealth of Dominica, is an independent island nation in the Caribbean Sea. The official
language in Dominica is English, although French Creole is often spoken as well.
The political structure of Dominica is that of parliamentary democracy, with a legal system is based on English common law.
Dominica is a beneficiary of the U.S. Caribbean Basin Initiative that grants duty-free entry into the United States for numerous goods.
Dominica also belongs to the predominantly English-speaking Caribbean Community and Common Market (CARICOM), the CARICOM Single
Market and Economy (CSME), and the Organization of Eastern Caribbean States (OECS).
The International Monetary Fund (IMF) recently praised the Government of Dominica for its successful macroeconomic reforms.
Tax system facts:
- The Dominica IBCs and all amounts paid by them to non-residents are exempt from local taxes such as stamp duty, withholding taxes, transfer taxes and income and capital gains taxes for a minimum of 20 years.
- The best offshore tool in Dominica: Dominica International Business Company (Dominica IBC)
Corporate tax: NIL
Names disclosure in public records:
beneficial owner(s) - NO
shareholders - NO,
directors - NO
Minimum Number of Directors: ONE
Minimum Number of Shareholders: ONE
Director(s) and Shareholder(s) can be same person(s): YES
Bearer shares: ALLOWED
Non-resident directors: ALLOWED
Non-resident shareholders: ALLOWED
Annual return filing requirements: NO
Annual accounts/financial statements filing requirements: NO