International business company IBCDominica
What it takes to form, own and run a private limited company in Dominica, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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a person may singly or jointly with others by subscribing to a Memorandum and to Articles incorporate an International Business Company under this
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shall be managed by a board of directors that consists of one or more persons who may be individuals or companies.
The registry’s and the law’s own pages do not mention it.
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a company incorporated under this Act shall, subject to subsection (3), be exempt from the payment of taxes, duties and similar charges
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Not stated
The registry’s and the law’s own pages do not mention it.
What it takes to form
- A notary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A resident director
- Not required
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- At least 1 · none need live there · a company may be one
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shall be managed by a board of directors that consists of one or more persons who may be individuals or companies.
- Shareholders
- At least 1
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a person may singly or jointly with others by subscribing to a Memorandum and to Articles incorporate an International Business Company under this
- Members
- At least 1 · one person may form it alone
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a person may singly or jointly with others by subscribing to a Memorandum and to Articles incorporate an International Business Company under this
- A local company secretary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A local registered agent
- Required
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A company incorporated under this Act shall at all times have a registered agent in Dominica.
Each year, at the registry
- Annual registry fee
- USD 150 (about €131)
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Annual fee (payable on the anniversary date of incorporation of company)
- Accounts on the public record
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit for a small company
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
- Annual fee for the IBC
- Each year, on the anniversary of incorporation
With CIPO
Stated on the IBC fees page: payable on the anniversary date of incorporation.
What is public
Not in our records What the register shows the public is not in our records for the IBC.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
No tax on profit · 0%
An IBC is exempt from taxes, duties and similar charges for twenty years from the date of incorporation (International Business Companies Act 1996 s.109(1)); a certificate of exemption is issued on payment of the prescribed fee
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a company incorporated under this Act shall, subject to subsection (3), be exempt from the payment of taxes, duties and similar charges
Work it out on a profit figure: the company’s tax, the owner’s, and what is left.
- CFC rules in Dominica
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Registration of articles of dissolution with CIPO
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Registration of articles of dissolution $100 USD ($270.00 XCD)
- Statutory fee
- USD 100 (about €87)
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Registration of articles of dissolution $100 USD ($270.00 XCD)
Every business in Dominica
VAT
- 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
Payment and banking services
None of the services whose lists we hold names Dominica. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Private limited companyDerived our grouping, the same words in every country
- Name in law
- International business company (IBC)
- Identifier
- DM-IBCA form ISO 20275 does not list.