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Archive for April, 2007


Individuals and/or firms we will find it attractive to open offshore companies in Dominica, because it’s so easy to register an off-shore company via the internet without having to travel to the island, and the best thing about opening at IBC (International Business Corporation) in Dominica – it’s completely tax free. Any transaction(s) made under any offshore company registered in Dominica is completely tax free. Different jurisdictions tend to be havens for different types of taxes, and for different categories of people and/or companies.

Why should you choose Dominica in Formation of an Offshore Company? Dominica is among the best ranking offshore tax havens due to its irrefutable advantages to every client.

Here are some of advantages in opening an offshore in Dominica:

Progressive Legislative System

Dominica’s offshore jurisdiction law contains human rights and freedom, which guarantee the future political stability of the nation and based on British common law.

International Business Corporation is also referred to “offshore company” is the main type of company presently being registered in Dominica; these IBC’s help to facilitate international trader and investment activities. Regulated by the International Business Companies Act of June 26, 1996, Dominica’s off-shores activity guarantees complete tax exemption, privacy, flexibility of company’s structure and fast registration.

Taxes and payments

All locally registered offshore companies are absolutely exempt from taxes, because Dominica didn’t sign any agreements on avoidance of double taxation with other countries, so there is no data exchange between state bodies of Dominica and tax authorities of other countries. Running an off-shore company in Dominica is very simple – after you pay all the necessary government duty and fee.

Annual accounts

Under the Dominica International Business Companies Act there is no requirement to give any accounts or to perform annual audit of the company. The only important thing, the registered agent must keep copies of the following documents: Memorandum and Articles of Association, Certificate of Incorporation and copy of Register of Directors.

Privacy Issues

Only the registrar keeps the data on real owners of the off-shore company is not shown at any public report, likewise the data on share holders and directors is not entered to the open list.

The International Business Companies Act (Article 112) provides penalty of imprisonment for two years and fine of 25000 US dollars if any information about the company is disclosed by any clerk (auditor or official registrar). Information about off-shore Company can be provided only by the legal decision of Dominica’s court and only in cases, when the Company’s activity is penal action according to Dominica’s law.

Structure of the Offshore Company

  • To register the Company in Dominica it is necessary to have minimum one Director and one share holder, who can be the same legal or natural person, resident of any country and nationality.
  • Director needs not be the owner of the company.
  • Nominal Directors and Nominal Share Holders are allowed (at your request we can grant these services).
  • There is no requirement to have a local secretary.
  • Share holders’ meeting, should it be necessary, can take place in any part of the world. The share holder may take part either personally or by phone or other means of remote communication.

Authorized capital and offshore company shares

There are no requirements as to the sum of the authorized capital and terms of its payment. It is quite enough to declare a nominal amount when registering. The amount of authorized capital has no influence on the registration and annual duties.

Shares can be issued in the following ways:

  • with declaration of face-value or without declaration of face-value,
  • nominal shares or shares payable to bearer (the original of these shares must be kept in Dominica),
  • In any hard currency.
  • Shares are paid in cash or by the transfer of other assets or by the provision of services.
    To open the offshore company it is enough to issue only one share.

Company’s documents

Since 2003, Dominica has been a member of The Hague Convention of 1961 and all the registration documents can be duly certified by Apostille.

  • It is allowed to make out the constitutive documents at any language (they must be translated into English).

Requirements of companies registered in the offshore tax haven of Dominica. It’s necessary to have a registered office in Dominica and local registered agent (we offer these services).

Company’s name

The name of the offshore company must end with the following words, phrases or abbreviations, which shows the status of the stock-company: “Corporation”, “Corp.”, “Incorporated”, “Inc.”, “Limited”, “Ltd.”, “S.A.”.

It is not allowed to use the following abbreviations, words or phrases, which can be associated with the Government of Dominica – “Government”, “Gov’t”, “National”, “Royal”, “Republic”, “Commonwealth”, “Dominica”, etc., and also it is not allowed to use the following words without special permission or license – Assurance, Bank, Building Society, Chamber of Commerce, Foundation, Trust, etc.

Limitation of offshore company activities

  • There are no limitations on the exercise of any legal trade or investment activity outside Dominica, except activities, which require special license by the law, for example, permission to exercise bank, trust or insurance services.
  • Generally, Dominica offshore companies have no to do business or own property in Dominica.

Time of Offshore Company Registration

Offshore tax haven Dominica offers the fastest registration of companies. It takes only 24 hours to prepare all the documents and register a company with the Registrar of Companies of Dominica.

If you are looking for Offshore Tax Haven Professional Services like business registration, or getting a Tax shelter from excessive taxes, visit www.offshore-companies-in-dominica.com for more information about off shore services in Dominica.

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Watch out! “Survivor” and the Pirates of the Caribbean, here comes CBS “Pirate Master” the next epic reality series. After watching the trailer below, what I like about Pirate Master, Contestants get to live as real Pirate 😀 and unlike most reality shows like Survivor where the last person on the island walks away with the jackpot. In Pirate Master the Contestants can win a treasure worth up to US$ 40,000 in the first week alone. Show me the money! 🙂 and with a little romance on the side what more can a pirate master ask for…Enjoy the video.

Video Source:Sillans

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Yup! Its time for another beach review, after reviewing Batibou beach which is on the Atlantic and remote side of the island, I thought I’d make this review a change of pace. Prince Rupert Bay stretches quite a distance from Portsmouth to Cabrits National Park. Near the Cabrits end, right on the road and accessible mere steps from parking, you will find a wonderful beach. And, if you enjoy the convenience of having food and beverages right on the beach, the Blue Bay restaurant is just a few steps away.

How To Get To Prince Rupert Bay Beach

Of course, you can walk to the beach if you live in Portsmouth, but if you’re staying as far away as Ross University which is on the other end of Portsmouth, you can just take a bus. Even if the bus drops you at the main bus terminal in the center of Portsmouth, the beach is only a short walk away. And, you’ll be passing a number of excellent places to pick up sandwiches and bottled drinks on your way.

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Come On Down And Lose Your Frown 😀

Don’t worry about protection from the sun? There are huge almond trees and a gazebo near the Purple Turtle. Because the beach is popular and accessible, you can meet people and make new friends there. You might even find an impromptu volleyball game to join or watch. By all means, bring your own Frisbee or Nerf football and invite people to play. Need a break from the beach? No problem, stroll along the road towards Portsmouth and take in the shops. Or walk over the causeway to the Cabrits and take a tour of Fort Shirley. So, when it comes to fun, Prince Rupert Bay beach is the one.

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