Dominica
Dominica: 6 company types, its taxes, banking and business environment.
Forming a company
Company types in Dominica
The 6 forms a founder can choose here, each with its own figures. Open one for its sources.
Doing business here
Business accounts
Providers whose own published list of countries names Dominica. A listing means a company formed here may apply, not that it will be accepted.
Not in our records No provider's country list has been read for Dominica.
EU listings
Two lists a bank checks when it opens an account for a company or its owner.
- EU high-risk third countries (AML)
- Not listed
- EU non-cooperative jurisdictions for tax purposes
- Not listedOfficial EUR-Lex, 52026XG01465, Annex I as of 2026-02-17
Official sites
The authorities’ own sites for Dominica: where to register, file and check.
Blocs and agreements
The trade arrangements Dominica belongs to, as each arrangement’s own texts state them: since when, and what each covers. What a membership means for a business is for you to judge.
- CARICOM Single Market and Economy
- Single market · since 2006
Covers goods, services, establishment, capital, movement of people, a common external tariff.
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They were Antigua and Barbuda, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, St. Kitts and Nevis, Saint Lucia, St. Vincent and the Grenadines, Suriname and Trinidad and Tobago.
- OECS Economic Union
- Economic union · since 21 January 2011
Covers goods, services, establishment, capital, movement of people, a common external tariff.
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The British Virgin Islands, Anguilla, Martinique, Guadeloupe and Saint Martin are associate members of the OECS.
Regional and customs arrangements only, 36 of them; bilateral trade agreements are not yet in our records.
Tax
Company tax
Tax, and what the company owes the registry each year.
- Corporate income tax
- 25%
- Distributions
- Not in our records
- Audit
- Not in our records
- Small-company relief
- Not in our records
- Annual obligations
- Not in our records
- Annual registry fee
- XCD 200
VAT
The tax on what the company sells in Dominica, and when it must register, as the tax authority states it.
- The tax
- VAT (value added tax)
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The tax is imposed at a rate of 15% of the value of every taxable supply by a taxable person in Dominica except if the supply is classified as accommodations & diving activity which carries a rate of 10%
- Standard rate
- 15%
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The tax is imposed at a rate of 15% of the value of every taxable supply by a taxable person in Dominica except if the supply is classified as accommodations & diving activity which carries a rate of 10%
- Other rates
- 10% supplies classified as accommodation and diving activity
- 0% zero-rated items listed in the Value Added Tax Act
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The tax is imposed at a rate of 15% of the value of every taxable supply by a taxable person in Dominica except if the supply is classified as accommodations & diving activity which carries a rate of 10%
- Registration threshold
- XCD 120,000
total value of taxable supplies; $60,000 for hotel or similar accommodation, commercial property for lease and professional services (section 11(12)); any period of 12 or fewer months, or the coming 365 days
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in subsection (1) in paragraphs (a) and (b) by deleting the figure “$60, 000” and substituting the figure “$120, 000”
- Voluntary registration
- Yes
A person who makes or intends to make taxable supplies but is not required to register may apply to the Comptroller for registration (section 11(5)).
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but is not required to apply for registration ... may apply to the Comptroller for registration under this Act.
- A foreign company
- The same threshold applies
Section 11(8) provides that supplies made by a person not resident in Dominica are taken into account for the threshold only where the supply is made, or is to be made, in Dominica; no separate first-supply rule or representative requirement appears in the provisions read.
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In the case of a person who is not resident in Dominica for the year in question for purposes of the Income Tax Act, supplies made by that person are taken into account for purposes of subsection (1) only where the supply is made, or to be made in Dominica.
- Returns filed
- Monthly
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The tax period applicable to a taxable person ... is the calendar month.
- Tax authority
- Registration page read 2026-10-22
Tax calendar
When the main returns and payments fall due in Dominica, tax year 2026, as the tax authority states it.
- Corporate tax return
- 31 March · each year
The income tax return is filed by 31 March, the same deadline for employees, self-employed persons and companies whose fiscal period is the calendar year. A company with a different fiscal period does not appear in the printed dates and must follow the period rule in the Income Tax Act.
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Deadline for filing Income Tax Return (applicable to all Employees, Self-employed persons and Companies with Fiscal Periods January to December)
- Corporate tax, final payment
- 31 March · each year
The balance of tax due for the previous year is paid by 31 March, the same date as the return. The Division gives one balance date for all taxpayers — employees, self-employed persons and companies alike — and does not separate the corporate balance from the individual one.
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Deadline for payment of the balances of taxes due for the previous year
- Corporate tax, instalments
- Set each year by decree
Income tax is prepaid in three instalments: 25% by 31 March, 35% by 30 June and 40% by 30 September, each calculated on the previous year's tax or on an estimate of the current year's. The Division states that self-employed persons, employees with business income and companies with January-December fiscal periods are required by law to make these prepayments. The three dates are listed because the schema's frequency values have no three-a-year case, so frequency is null rather than wrong.
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1st Installment (pre-payment) of Income Tax due - 25% of tax payable for the previous year or an estimate of the tax payable for the current year
- Personal income-tax return
- 31 March · each year
The individual's income tax return is filed by 31 March for the previous calendar year. The same deadline covers employees, self-employed persons and companies with January-December fiscal periods, so an employee is expected to file even though PAYE has been deducted during the year.
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Deadline for filing Income Tax Return (applicable to all Employees, Self-employed persons and Companies with Fiscal Periods January to December)
- Personal income tax, final payment
- 31 March · each year
An individual's balance of tax for the previous year is paid by 31 March, alongside the return. The Division publishes one balance date covering employees, self-employed persons and companies.
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Deadline for payment of the balances of taxes due for the previous year
- Personal income tax, instalments
- Set each year by decree
The same three prepayments cover personal income tax: 25% by 31 March, 35% by 30 June and 40% by 30 September, on the previous year's tax or an estimate of the current year's. The Division's note is explicit that self-employed persons and employees with business income are required by law to make them. The three dates are listed because the schema's frequency values have no three-a-year case.
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Self-employed persons, Employees with Business Income and Companies with Fiscal Periods, January to December are required by Law to make prepayments of taxes by the dates stipulated.
- VAT return
- Day 20 of the following month · each month
VAT collected in a month is due and payable by the 20th day of the following month — 20 February for January, and so on. The Division adds that failing to remit by the prescribed date brings penalty and interest under the relevant Acts. The page states no weekend rule.
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Value Added Tax collected in any month is due and payable by the 20th day of the month following which it was collected
- Payroll withholding
- Day 15 of the following month · each month
PAYE deducted in a month is due and payable by the 15th day of the following month. Employers have a separate annual obligation on 31 January: Form T.D.5, the Employers Annual Return of Remuneration paid and PAYE deducted, together with Form I.T.24 for payments other than wages and salaries; 15 January is the deadline for mortgage interest statements used in PAYE adjustments. The page states no weekend rule.
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PAYE deducted in any month is due and payable by the 15th day following the month during which it was deducted.
Running the company
Running a company here
Not in our records The authorities’ pages on running a company have not been read for Dominica yet.
Economy and trade
What it exports
Goods Dominica exported, by product, as a share of its goods exports each year. Exports include goods passing through for re-export. A share describes Dominica’s own trade; it does not compare places.
| Product (HS heading) | 2022 | 2023 | 2024 | Value, 2024 |
|---|---|---|---|---|
| Angles, shapes and sections of iron or non-alloy steel HS 7216 | under 0.05% | 12.2% | 13.4% | US$4 m |
| Copper mattes; cement copper (precipitated copper) HS 7401 | under 0.05% | 4.1% | 12.8% | US$4 m |
| Yachts and other vessels for pleasure or sports; rowing boats and canoes HS 8903 | 0.22% | under 0.05% | 9.0% | US$3 m |
| Electrical apparatus for switching or protecting electrical circuits, or for making connections to or in electrical circuits (for example, switches, relays, fuses, surge suppressors, plugs, sockets, lamp holders and other connectors, junction boxes), for a voltage not exceeding 1000 V; connectors for optical fibres, optical fibre bundles or cables HS 8536 | 3.9% | 11.0% | 7.6% | US$2 m |
| Instruments and appliances used in medical, surgical, dental or veterinary sciences, including scintigraphic apparatus, other electromedical apparatus and sight-testing instruments HS 9018 | 12.9% | 11.8% | 7.4% | US$2 m |
| Meat of swine, fresh, chilled or frozen HS 0203 | under 0.05% | 1.8% | 5.4% | US$2 m |
| Cocoa beans, whole or broken, raw or roasted HS 1801 | 0.40% | 0.62% | 3.3% | US$1 m |
| Cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes HS 2402 | 1.7% | 2.4% | 2.5% | US$1 m |
| Essential oils (terpeneless or not), including concretes and absolutes; resinoids; extracted oleoresins; concentrates of essential oils in fats, in fixed oils, in waxes or the like, obtained by enfleurage or maceration; terpenic by-products of the deterpenation of essential oils; aqueous distillates and aqueous solutions of essential oils HS 3301 | 3.7% | 0.66% | 2.1% | US$1 m |
| Copper waste and scrap HS 7404 | 2.4% | 0.92% | 2.0% | US$1 m |
Total goods exports, 2024: US$30 m. The ten largest headings are shown.