Dominica Offshore Company FAQs

1.Is it mandatory to have the registered office in Dominica?

Yes, holding a registered physical office in Dominica is a must.

2.Who needs to file for VAT in Dominica?

Business entities with a turnover of €37,500 (in terms of services) and €75,000 (in terms of goods) need to file for VAT.

3.Is it mandatory for the offshore business entities to hold an Annual General Meeting in Dominica?

Yes, the offshore entities need to hold an Annual General Meeting in the region of Dominica.

4.What is the Corporate tax rate in Dominica?

The nation of Dominica holds a corporate tax of 12.5%.

5.What are the different types of tax exempted for the offshore business entities in Dominica?

The different types of exempted tax for the business entities in Dominica include:
● Capital Gains Tax (33%-40%)
● Stamp Duty (1%-9%)
● Carbon Tax of 15€ per ton