Here are some of the benefits and incentives offered by the Dominican Republic:
20 years of tax exemption for an offshore company
No real estate tax
No inheritance tax
No tax on interest and dividends
No inheritance and gift tax
No capital gains tax
Political, economic and monetary stability
Convenient time zone
Legal system based on common law
Dominica today has some of the most attractive conditions for the opening and operation of offshore companies:
Registration of an offshore company in Dominica is one of the fastest. Registration of a trading company takes only a day, and there is no need for the personal presence of the owner for registration.
There is the possibility of creating a “nominee” organization;
The presence of a closed Register of Shareholders creates increased guarantees of confidentiality;
Dominica has not signed an agreement on the avoidance of double taxation, which makes it possible not to disclose information to the tax authorities of other countries;
In the Republic of Dominica, there is a law on confidentiality of information, according to which the disclosure of any confidential information is criminalized;
Dominica provides anonymity for the implementation of monetary and financial relations;
No need to present accounting and audit reports to regulatory authorities;
Full exemption from taxation, including income taxes and capital gains (this is confirmed by a government guarantee for a period of 20 years).
The name of the offshore company can be in any language (identity or consonance with already registered names must be avoided).
The minimum amount of the authorized capital for the registration of an offshore company is $ 100, but it can also not be paid, it is enough to indicate it.
The organization has the right to issue shares - both with the specified par value, and without it. The composition of shareholders or directorate may include one or more citizens of any state (also nominee shareholders or directors). Annual meetings can be held anywhere in the world, and "virtual" meetings are also permitted - by any means of communication. For 100% tax exemption, it is enough to pay a small state duty once a year (its amount does not depend on the size of the statutory fund).
Investment or trading activities of an offshore company can be carried out without any restrictions.
It is possible to register on preferential terms of the Bank or the Insurance company. These activities require the purchase of licenses. Bank registration will take you no more than two months.
It is possible to locate in Dominica not only the representative office, but also the head office of the bank. Almost all banks have SWIFT, Internet access is possible at any speed. Telephone communication is offered by two companies Marpin (Dominica) and Cable & Wireless (Great Britain). A fairly low level of requirements for the minimum authorized capital, only 1,000,000 USD. There are practically no restrictions on the name of the bank, with the exception of “Royal.” An offshore bank of Dominica can carry out all types of legal banking operations known in the world, with any foreign companies and individuals, and even with IBCs registered in Dominica. At the same time, an offshore bank in Dominica , does not have to pay any kind of taxes, except for the annual state license fee Dominica is a respected offshore banking jurisdiction, the legislation is based on the "The offshore Banking Act" 1996 and the "Offshore Banking (Amendment) Act" 1997. In Dominica, unlike many other offshore jurisdictions, there hasn't been a single financial scandal.