Dominica

Dominica is an island nation in the Caribbean Sea. Some claiming to be one of the most unspoiled and beautiful places in the world. The second largest hot spring in the world can be found there and its active volcanoes are still forming the island. Yet most of the island is covered by forests and it is one of the rainiest places on the world. As do with the unspoiled landscape the wild life of Dominica is also quite unique. Many rare species that can't be found anywhere else in the world live there.

Economy 

The economic state of Dominica is considered quite vulnerable, due to the fact that less that 25% of its land is cultivated and its pronged to various natural disasters such as storms and hurricanes. The banana export to the EU also makes a large part of the economic system. Recently, in hopes that the change of export goods may stabilize the economic system, the government has set up laws, to make it more attractive to grow fruits rather than the traditional crops such as coffee and cacao beans and sugar cane. Although the tourism industry has developed slower that in neighbor islands, its still one of the places to be seen.

Short facts

• The official language is English
• The official currency is Eastern Caribbean dollar.
• International business company it the company type that gets incorporated in Dominica, under the International Business Companies Act of year 1996.
• The type of law in place is locally modified English common law.

Taxation

There are no taxes for the incorporated IBC at least for 20 years.

Incorporation

Incorporation process takes around 2 work days, a local office also must be registered.

Upkeep

A yearly fee must be paid and accounts must be prepared, but not filed.