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Geographically, Dominica is distinctive in many ways. The
country has one of the most rugged landscapes in the
Caribbean, covered by a largely unexploited, multi-layered
rain forest. It is also among the earth's most rain-drenched
lands, and the water runoff forms cascading rivers and
natural pools. The island is home to rare species of
wildlife and is considered by many as a beautiful, unspoiled
tropical preserve. According to a popular West Indian
belief, Dominica is the only New World territory that
Columbus would still recognize.
Dominica is the largest and most northerly of the Windward Islands. The
island faces the Atlantic Ocean to the east and the Caribbean Sea to the west.
Oblong-shaped and slightly smaller than New York City, Dominica is 750 square
kilometers in area, 47 kilometers in length, and 29 kilometers in width. Roseau,
the nation's capital and major port, is favorably situated on the sheltered,
The population of Dominica is approximately 72,000.
Descendants of African slaves comprised the overwhelming
majority of the population. Aside from Caribs, an estimated
3% of the population, there were no other significant ethnic
clusters. The ethnic, racial, and cultural composition of
the society in the 1980s reflected Carib, French, British,
and African influences.
Dominica is a republic with a non-executive presidency
and has been a parliamentary democracy since November 1978.
It has a unicameral House of Assembly with 30 members, 21
directly elected and 9 senators appointed by the president,
5 on the advice of the prime minister, 4 on the advice of
the leader of the opposition. Elections are held at least
every five years, with universal suffrage for adults. The
president is nominated by the prime minister and leader of
the opposition and elected by the House of Assembly for not
more than two terms of five years. He or she appoints the
prime minister who consults the president in appointing
other ministers. The president may dismiss the prime
minister in the event of a no-confidence vote in the House
of Assembly. Individual rights are guaranteed under the
Dominica ’s economy is vulnerable with less than 25 per
cent of the country being under cultivation. Its location
exposes it to tropical storms and hurricanes, which have
caused severe damage to the crops making up the country's
economic base. The country is also vulnerable in its
dependence on banana exports to the EU.
Since the 1980s, successive governments have therefore introduced measures to
diversify the economy, encouraging a shift from traditional crops (such as
sugar, coffee and cocoa) to new crops (such as citrus, melons, pineapples and
mangoes), and developing export-oriented small industries (notably garments and
electronics assembly), taking advantage of such preferences as the Caribbean
Basin Initiative (CBI), which allows access to the US market. They have also
encouraged development of tourism and especially eco-tourism.
The government also encouraged the development of an offshore
financial-services sector, including company and bank registration and internet
Main imports are food and consumer goods, fuels, transport equipment,
machinery and chemicals. Main trading partners for exports are Japan, the UK,
Jamaica and the US, and for imports, Japan, the US, China, and Trinidad and
The official and spoken language is English.
Eastern Carribean dollar.
There are no Foreign Exchange controls, and the US dollar
circulates freely throughout the economy.
Dominica's legal system is based upon English Common Law,
with local modifications.
International Business Companies Act 1996.
Companies Act 1994.
International Business Company (IBC).
By submission of the Company's Memorandum and Articles of
Association to the Registrar of Companies.
An IBC is restricted from conducting business with
persons or companies resident in Dominica, conducting
banking or trust business, conducting insurance or
reinsurance business, or conducting the business of
providing company management services. In Dominica, an IBC
may maintain bank accounts, retain professional advisors
carrying on business within Dominica, maintain corporate
records, hold meetings and lease office space.
An International Business Company has the full capacity
of, and all rights, powers, and privileges of, a natural
The legislation and corporate documentation are in
Yes, must be maintained in Dominica at the address of a
licensed management company or law firm.
Normally two days subject to name approval.
Any name that has already been incorporated, or a name
that is so similar as to cause confusion. Restricted names
are ones that suggest the patronage of the Royal Family, the
Government, a political party, a university, a professional
association, or names that the Registrar may consider
misleading or objectionable.
Any language or alphabet, but if not in English a translation is required.
Any name implying a relationship with the banking or insurance or company
management industries- e.g bank, financial, trust and insurance.
The name of an IBC must end with a word, phrase or abbreviation which
indicates Limited Liability. Examples are Ltd, Corp, Inc, SA, NV or GmbH.
The usual authorised share capital is US$100,000 divided
in to 100,000 shares of US$1. The share capital can be
expressed in any currency. The minimum issued capital is one
Par value shares and shares with no par value or
The law provides a minimum twenty (20) years Tax
Exemption for offshore companies beginning from the day of
Dominica is not party to any double tax treaties.
Government annual fees are US$405 payable on the
anniversary of incorporation.
There is no requirement to file accounts with the
authorities, but a company is required to keep financial
records that reflect the financial position of the company.
The minimum number of directors is one. The directors may
be natural persons or corporate bodies. They may be of any
nationality and need not be resident in Dominica.
Not required, but normally appointed.
The minimum number of shareholders is one.
Dominica Fact Sheet
Dominica Enquiry Form
Dominica Order Form
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