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Fees and timelines in 2023

Fees

payment by instalmentDominica company incorporation costs in Year 1 amount to US$2,900 and annual company costs in Year 2 and thereafter amount to US$1,100. The average fee per Dominica company incorporation engagement is outlined in the table below. These fees include Dominica company incorporation, opening corporate bank accounts, and all government fees:

Different Dominica entity typesCostDraft invoice
Tax resident LLCUS$9,450View invoice PDF
Free zone companyUS$11,600View invoice PDF
IBC companyUS$9,450View invoice PDF
PLCUS$16,800View invoice PDF

Click here to create your own Dominica invoice

Other fee considerations

Timelines

The average Dominica company registration period is 10 weeks as outlined below:

Service LLCPLCIBCBranchRep office
Engagement Planning1 week2 weeks1 week1 week1 week
Company incorporation period2 weeks4 weeks2 weeks3 weeks2 weeks
Bank Account approval4 weeks4 weeks4 weeks4 weeks4 weeks
Corporate internet banking approval2 weeks2 weeks2 weeks2 weeks2 weeks
Engagement completion1 week1 week1 week1 week1 week
Total engagement period10 weeks13 weeks10 weeks11 weeks10 weeks

dominica business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Dominica, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi
Caribbean Community (CARICOM) central bank of the dominican republic invest dominica authority government of the commonwealth of dominica
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