Dominica Banks
Dominica is on of the Antilles islands, in the Caribbean Sea, approximately halfway between the Guadalupe Islands (to the north) and Martinique (to the south). It is one of the Windward Isles and is about 47 km in length. The Dominican government has dealt with improving the country’s reputation as a trustworthy financial center and only accepts international clients that are looking to do legal offshore bank negotiations. To obtain an offshore bank license, there must be complete transparency in relation to the shareholders and the directors of the offshore bank. In agreement with the Offshore Bank Act of Dominica, which requires an offshore bank license, there cannot be an IBC; in addition, shares made out to the holder are not permitted. The requirements for applying for this type of license are: show a business plan, with details of planned operations; present a local registration of the company that will apply for the offshore bank license; present proof of capital paid in cash or negotiable securities for $1 million USD; show other documents that will allow the Dominican authorities to evaluate the financial and personal reputation of the person requesting the license, such as the financial performance of the company’s affiliates during the last three years prior to the request, certified by an independent auditor; and last, there must also be an office representative in Dominica.
Financial Services Unit:
E-mail: [email protected]
Fax: + 767 440 0376
Telephone: +767 266 3559
Related Categories
Directory > Offshore Banks
RBC Royal Bank of ..
Country:Dominica
Website:https://www.rbc..
Type:Commercial and Private ...
Client presence:N/A
Scotiabank Dominic..
Country:Dominica
Website:https://www.sco..
Type:Commercial and Private ...
Client presence:N/A
FirstCaribbean Int..
Country:Dominica
Website:https://www.cib..
Type:Commercial and Private ...
Client presence:N/A
The National Bank ..
Country:Dominica
Website:https://www.nbd..
Type:Commercial and Private ...
Client presence:N/A
Barnett Capital Ba..
Country:Dominica
Website:http://barnettc..
Type:Private...
Client presence:Necessary
Do you need a consultancy on this topic?
Book it