The legal currency is the Eastern Caribbean (EC) dollar which is issued and regulated by the Central Bank. The US dollar is also readily accepted everywhere in Commonwealth of Dominica.

English is the official Language of Commonwealth of Dominica

The International Business Companies Act No.10, passed in 1996, allows significant flexibility. This Act exempts IBCs incorporated in Commonwealth of Dominica from all taxes and duties for 20 years

None.

The Registrar of Companies reserves the right to refuse any name which is identical or strikingly similar to an existing company or, in his opinion, inappropriate or undesirable.

Names must end with Corporation, Corp., Inc., Ltd., Limited, Incorporated, etc, to denote limited liability..

An IBC cannot engage in business with residents of Dominica but can engage in all corporate activities subject to its Articles and Memorandum of Association. A Commonwealth of Dominican IBC is not permitted to conduct or carry out Banking; Insurance; Mutual Fund Management; Public Investment Management; or any associated activity without proper licensing.

• There is exemption from all local taxes, death duties and other similar charges.
• Bearer shares are allowed and there is strict confidentiality.
• There is no requirement to file accounting information with any authority.
• Commonwealth of Dominica has a closed registry, meaning directors and shareholders are kept totally secret.
• There is no capital gains tax.
• Shareholders may re-issue and re-acquire their own shares and sole directors and shareholders are allowed.
• The sole director may also be the sole shareholder. Directors may be persons or another company.
• Shareholder's and directors' meetings can be held outside Commonwealth of Dominica.
• There is no statutory requirement to hold an Annual General Meeting.
• Asset security is maintained, as provisions restrict seizure, expropriation or confiscation by foreign authorities.
• There is no requirement for your company to have a secretary.
• There are no minimum capital requirements.
• There is no need to come to Commonwealth of Dominica to have your IBC formed.

OUR Commonwealth of Dominica IBCs Include:

• Resident Registered Agent
• Registered Office
• Nominees Directors
• Bearer shares if desired
• NOTARIZED General Power Of Attorney
• ALL Original Documents
• Bank introduction to a Caribbean Bank for account opening