COMPANY FORMATION FOR DOMINICA

Company formation can be obtained in 24 hours under the International Business Companies Act of 1988 for international 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. Incorporation can be handled through R.J. Del Pan & Co., Inc.

To incorporate a Dominica company, you must provide the following information: corporate name, share capital, 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. Payment of an annual fee ensures the corporation remains a company in good standing.