Benefits of create your IBC in Dominica:
Among the benefits that are specifically enjoyed are the following:
- 20 year tax exemption.
- To set an IBC in Dominica only one director is required
- One person can act as both director and shareholder of the company.
- A company can act as both shareholder and director of the IBC
- No maximum on the amount of share capital of the company
- The registration, annual fees and license do not depend on the amount of the share capital of the company
- Government fee for exemption of tax is to be paid when the company is incorporated.
- The share capital can be in any currency.
- The name and incorporation documents can be in any language, however, it does require an English translation
- No requirement of holding annual meetings of shareholders and directors, within the territory and can also be held by other electronic means.
- The company doesn't have to registered or operated within the territory of Dominica.
- Closed register of the directors and shareholders
- There are no international dual taxation agreements
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