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Ease of Doing Business in

Dominica

Dominica Download Profile (1685.9KB, pdf)
Region Latin America & Caribbean
Income Category Upper middle income
Population 72,680
GNI Per Capita (US$) 6,760
City covered Roseau

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 101 95 down
6
60.27 60.52 down
0.25
Starting a Business 64 58 down
6
89.26 89.35 down
0.09
Dealing with Construction Permits 90 84 down
6
69.09 69.10 down
0.01
Getting Electricity 61 37 down
24
79.26 82.44 down
3.18
Registering Property 164 162 down
2
43.39 43.41 down
0.02
Getting Credit 139 134 down
5
30.00 30.00
-
Protecting Minority Investors 70 69 down
1
56.67 56.67
-
Paying Taxes 111 110 down
1
67.38 66.75 up
0.63
Trading across Borders 80 79 down
1
74.26 74.26
-
Enforcing Contracts 79 79
-
59.17 59.17
-
Resolving Insolvency 128 129 up
1
34.19 34.03 up
0.16

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 64

DB 2016 Rank: 58

Change in Rank: down6

DB 2017 DTF (% points): 89.26

DB 2016 DTF (% points): 89.35

Change in DTF (% points): down0.09

Standardized Company
Legal form: Private Limited Liability Company
Paid-in minimum capital requirement: XCD 0
City: Roseau
Indicator Dominica Latin America & Caribbean OECD high income
Procedure – Men (number) info_outline 5.0 8.3 4.8
Time – Men (days) info_outline 12.0 31.6 8.3
Cost – Men (% of income per capita) info_outline 15.7 31.5 3.1
Procedure – Women (number) info_outline 5.0 8.3 4.8
Time – Women (days) info_outline 12.0 31.6 8.3
Cost – Women (% of income per capita) info_outline 15.7 31.5 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 2.3 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Search for a company name and reserve the proposed name

    Agency: Companies and Intellectual Property Office

    It takes less than a day to reserve the company name. The entrepreneur can check whether the company name is available by searching in the online database.
    Less than one day (online procedure) XCD 25
    2

    Lawyer verifies affidavit

    Agency: Lawyer

    Documents required for incorporation are the articles of incorporation and the notice of directors. By-laws are also required by the Company Act, but they can be created later.
    2 days XCD 2,125
    3

    Registration with the Commercial Registry

    Agency: Companies and Intellectual Property Office

    Company receives the certificate of incorporation.
    2 days XCD 750 (registration fee)
    4

    Apply for tax payer identification number and register for VAT

    Agency: Tax Authority

    To obtain the tax payer identification number the entrepreneur needs to present the certificate of registration and fill a simple form. The tax authority issues the identification number immediately. In addition, if annual income exceeds EC 120,000, the company needs to register for VAT (Effective March 2006 - Value Added Tax Act 7 of 2005). Two different forms are submitted at the same time for both registrations.

    The Companies and Intellectual Property Office is charged with collecting the information for the company taxpayer identification number. The Company Office is linked by the online registration system with the Inland Revenue Division. The company is issued a tax number upon incorporation of a company.
    7 days no charge
    5

    Register as employer with Social Security Institute

    Agency: Social Security Institute

    The employer (a) registers as an employer and receives a social security employer number; and (b) verifies the social security cards of each employee at the time of employment.
    Less than one day (online procedure) no charge