Sole trader (individual business name)Dominica
What it takes to form, own and run a sole trader 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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Form BN1 Application for Registration of a Business Name by an individual
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On the chargeable income of every individual, unincorporated body of persons or trustees:
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
- No
What it takes to form
- A notary
- Not required
- A resident director
- Does not apply
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 1 · at most 1 · one person may form it alone
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Form BN1 Application for Registration of a Business Name by an individual
- A local company secretary
- Does not apply
- A local registered agent
- Does not apply
Each year, at the registry
- Annual registry fee
- XCD 50
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Annual fee (Due by 2nd April every year after registration) 50
- 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
- Does not apply
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
- Annual fee for the registered business name
- 2 April
With CIPO
Business Names fees page: due by 2nd April every year after registration. A filing of an annual return costs EC$10 on the same page; its date is not stated.
What is public
Not in our records What the register shows the public is not in our records for the Sole trader (individual business name).
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Varies · 0–35%
A sole trader has no separate legal personality and is taxed as an individual on chargeable income, at the personal rates the Inland Revenue Division publishes (resident allowance 30,000)
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On the chargeable income of every individual, unincorporated body of persons or trustees:
- CFC rules in Dominica
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
Not in our records Route, Statutory fee: none of these is in our records for the Sole trader (individual business name).
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
- Sole traderDerived our grouping, the same words in every country
- Name in law
- Sole trader (individual business name)
- Identifier
- DM-SOLE-TRADERA form ISO 20275 does not list.