Dominica maintains a population of approximately 85,000 with 290 sq. mi. (753 sq. km.)
The official and spoken languages are English and French patois-that is Creole.
Dominica is a Member of the United Nations, British Commonwealth and CARICOM and the OECS (Organization of Eastern Caribbean States). It gained its independence 21 years ago after being a British colony. The Head of State is the President and the Head of Government being the Prime Minister.
Features of IBC's Incorporation
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Minimum requirement of only one director;
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Individual or corporate body can be appointed as director and shareholder and can be same person;
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There is no requirement of the secretary of the company;
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No limitation of the amount of share capital of the company;
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Registration and annual fees do not depend on the amount of the share capital;
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Share capital can be formed and registered in any recognizable currency;
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There is no requirement to pay up the share capital, in whole or partly;
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There is no requirement of the annual audit of the company;
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Name and Incorporation Documents can be in any language, but English translation required;
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Tax exemption for 20 years;
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Annual meetings of shareholders and directors of the company (if more than one) could be held anywhere in the world;
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Register of directors and shareholders not available to public scrutiny;
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Mandatory that a suffix is used after company names eg: LTD., Corp., Inc., PLC, N.V., S.A., GmbH
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Standard share capital : US$10'000 divided into 1000 shares of US$ 10 each
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