Dominica’s International Business Companies (IBC) are now abolished
It is over! The Dominica’s International Business Companies regime is officially abolished from 1st January 2022. Those companies have the option to re-register as a local company (the deadline was 31 December 2021) and be subject to the Dominica’s local 25% corporate income tax.
All the local agents are therefore out of business.
The only option available is to the transfer of all assets to another company as soon as possible.
You can Neem contact op if you need it.
Dominica is a textbook case for the rise and fall of an unstable jurisdiction. It has been reported previously that the investors have been betrayed.
References:
Internationale zakelijke bedrijven (IBC)(Repeal) handelen 2021, HANDELEN 6 van 2021