We will incorporate your Offshore Bank, prepare and submit your application for registration and liaise with Government authorities as necessary.

 

Formation of Offshore Banks is under the Offshore Banking Act 1996. On commencing business the capital issued and paid up in cash must be not less than US $1 million or its equivalent in convertible currency and documentary evidence is required that that sum is freely available in liquid form.

The Minister in granting a licence under the Offshore Banking Act may endorse the licence to authorise the licence holder to engage in trust business. To engage in trust business the company must be registered under the Companies Act of Dominica and have issued share capital of not less than US$250,000 of which not less than US$125,000 must have been paid up in cash.