Fees and timelines in 2022

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 types Cost Draft invoice
Tax resident LLC US$9,450 View invoice PDF
Free zone company US$11,600 View invoice PDF
IBC company US$9,450 View invoice PDF
PLC US$16,800 View invoice PDF

Click here to create your own Dominica invoice

Timelines

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

Service LLC PLC IBC Branch Rep office
Engagement Planning 1 week 2 weeks 1 week 1 week 1 week
Company incorporation period 2 weeks 4 weeks 2 weeks 3 weeks 2 weeks
Bank Account approval 4 weeks 4 weeks 4 weeks 4 weeks 4 weeks
Corporate internet banking approval 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks
Engagement completion 1 week 1 week 1 week 1 week 1 week
Total engagement period 10 weeks 13 weeks 10 weeks 11 weeks 10 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