Travel Dominica

Offshore investment is a mature business in some parts of the world and can be regarded as a young business on the Island of Dominica. Offshore investment services are provided on the island by International Business Companies which was made possible by the International Business Act passed before Parliament in 1996. This act provides for the formation of companies which are protected under the laws of the country.

Over the years offshore investments in Dominica have become very lucrative. The conditions offered in Dominica for the formation of offshore companies are very safe and attractive. Offshore companies are allowed to operate for twenty (20) years without paying taxes the only fees disbursed during this period is that of the Annual fees. The laws governing offshore companies in Dominica are very strict and anyone revealing information about such business are fined and can face imprisonment. Dominica does not share a tax treaty with any other country therefore your information will not be shared with another tax authority. With the improvements in modern technology setting up such a business here takes a matter of hours through a number of offshore service providers here on island. There is no need to travel back and forth to the island while setting up and registering an International Business company. These services are all provided by safe, reliable and trustworthy agents on the Island.

Offshore companies can be used for many purposes. They serve as a means of protecting your investment. Making offshore investments in Dominica which is a tax haven jurisdiction such as Dominica means that your wealth is safe from government taxes. Corporate taxes can eat a chunk of your hard earned money. Making offshore investments in Dominica means that there is no taxation on capital earned from outside of Dominica and your capital can also be transferred outside of Dominica without any limitations. These companies do not only safeguard your investments against taxes but provide a stable political and economical environment for investing capital with the increase of terrorism and political instability going on in the more developed countries.

Offshore companies also offer asset protection to clients. By placing properties and assets in the hands of an offshore company the investor is protected during divorce, bankruptcy and from taxes. Since these assets are not register in the investors name then persons close to him, the tax authorities and business partners have no claim to this capital. At the same time the capital is well protected from taxes such as capital gains tax, corporate taxes, estate tax and death taxes. Offshore companies and banks allow investors to make profits on their accumulated wealth. Offshore banks apply no taxed on wealth gain and capital invested in them accumulate interests which are normally very high. Therefore capital is not decreased or affected by high taxation.

The Dominica economic citizenship program or second citizenship program commenced in 1991 and has grown to be one of the best in the Caribbean and is one of the services provided by offshore service providers in Dominica. The program grants the successful applicant a passport which is renewable every ten years plus the right to live and work on the Island. This is a very strict and well monitored program and all requirements must be meet before admittance into the program. Applicants can choose one of two options, the family or single option. The applicant does not have to reside in Dominica as the state allows dual citizenship however applicants must travel to Dominica to conduct interviews before a final decision can be taken to grant them citizenship

As part of their services the offshore companies on the island offers persons readymade shelf companies, which is another legal way to invest and protect their capital. Owning a shelf company is easy since agents have already put together most of the paper work. These can be used for years. Names are made available by the agents or the investors can choose a name convenient to them as long as it is within legal limits. They also offer services such as Second Citizenship program.

Dominica is speedily becoming a secure, competitive and popular tax haven. The laws of Dominica afford the foreign investors simple yet safeguarded methods to control and protect their investments using legal means. Offshore legislation in Dominica provides the investor with the tools necessary to reap maximum profits for their investments.