Saturday, July 22, 2006

Commonwealth of Dominica International Business Corporation

Commonwealth of Dominica is One of the Most Discreet and Newest Offshore Centres in the World.
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
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.
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
Total First Year Costs for a Commonwealth of Dominica IBC are Only: $1,595 USD
The Annual Costs to Keep the Corporations in Good Standing are Only $875 USD All Inclusive of Registered Agent and Office, and is Due on the Anniversary Date of Incorporation

2 Comments:

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