Dominica company formation time and allowed names

Company formation can be completed quickly - usually within 2 days and documents are generally received at our offices in 5 - 7 days.  We also offer Dominica shelf companies - please enquire for available names & prices.

Names. Dominica allows almost any corporate indicator to be used and in any language including; Limited, Ltd., Corporation, Corp., S.A., A.G., GmbH etc.

Taxes & Accounts

The Dominica International Business Company is granted a 20 year exemption from all Dominica taxes on incorporation and is used for international trade at it may not do business in Dominica. No taxes, other than the annual “franchise” fee are levied in Dominica. Likewise, there is no requirement to file accounts although the Act does provide that accounts be maintained.  

Directors and Shareholder requirements

A minimum of one director and one shareholder are required. Corporate directors and shareholders are acceptable and these may be appointed on request.

Directors and shareholders are not on the public record.

Bank account

A Dominica IBC can open a bank account worldwide.  We have links with a number of banks and can assist with the opening and maintenance of accounts.


The Commonwealth of Dominica, a member of the British Commonwealth, is in the Eastern Caribbean between Puerto Rico and Trinidad.  Dominica enjoys political stability and its legal system is based on English common law. Dominica's International Business Companies Act of 1996 incorporates both English and US law and is largely based on the Delaware Act.

DOMINICA INTERNATIONAL BUSINESS COMPANY (IBC)

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Please note that TMS FZE provides an execution only service in respect of the formation of companies, opening bank accounts and related services.
Therefore comments or suggestions made by us should not be considered as formal advice.
Should you require formal structuring advice, please visit our sister company TaiPan.


Last update 27 Nov 2018