On June 26hth 1996 the IBC act of Dominica was passed, allowing for one of the best offshore companies
Commonwealth of Dominica
Commonwealth of Dominica
- Only one director needed
- One persona can be director and shareholder of a company
- There is no need for a secretary of the company
- Bearer shares available (but must be deposited in Dominica)
- No limitation of the share capital of a company
- Registration and annual fees are not dependent on the amount of the share capital
- Share capital can be put together and registered in any currency
- There is no legal obligation to pay the share capital
- There are no specific requirements as to the audit documentation of a company
- Tax-exemption for 20 years
- Annual meetings of shareholders and directors of the company (if more than one) can be held at any place in the world. There is no need for personal meetings, these can be held via electronic communications media
- No obligation for depositing information concerning directors and shareholders
- There are no international double taxation agreements
