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

Related topics: