Dominica

Starting a Business in

Dominica

Listed below is a detailed summary of the bureaucratic and legal hurdles an entrepreneur must overcome in order to incorporate and register a new firm, along with their associated time and set-up costs.  It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy's per-capita gross national income (GNI).

The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in June 2011.

  • Standardized Company

  • Legal Form: Private Limited Liability Company
  • City: Roseau

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No. Procedure Time to Complete Associated Costs
1 Search for a company name and reserve the proposed name

In practice, companies seldom search for the company name. The lawyer often simply fills out the registration form with the name of choice, and if there is a conflict at the Registry, the Registrar will bounce back the application.
2 days XCD 25
2 Lawyer verifies affidavit

Documents required for incorporation are the articles of incorporation, the notice of address, and the notice of directors. Bylaws are also required by the Company Act, but they can be created later. Companies must produce an affidavit that the persons incorporating the company are not bankrupt or mentally deranged. The documents and the affidavit are prepared by an attorney.
2 days XCD 2125
3 Registration with the Commercial Registry

Company receives the certificate of incorporation.
2 days EC 750 (registration fee) + EC 5 (postage stamp)
4 Apply for tax payer identification number (Register the company for tax)

The tax payer identification number is obtained by registering with the Inland Revenue Division.
7 days no charge
5 Register as employer with 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.
1 day no charge
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