Fees and timelines in 2022
Fees
Dominica 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 |
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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 |
