OID Limited is a licensed provider of offshore services based in the Commonwealth of Dominica. OID is a world class offshore company which provides Company Incorporation. Its vision is to help the clients receive financial freedom. It aims to provide professional advice to clients so that their financial welfare can be protected. OID offers fast and affordable incorporation services. It offers both personal and corporate account opening services at an offshore bank in Dominica. After customer sign up for the IBC incorporation service, the bank will maintain all aspects of the offshore company including annual fees, documents issue and etc. They will prepare the financial statements for the IBC company.
OID Limited was originally developed more than 12 years ago. The company has an extensive experience in the offshore incorporation business. It holds an exclusive agreement with the Griffon Bank. Griffon Bank is now known as Banco Transatlantico. Banco Transatlantico was established in the year of 1997. In October of 2008, the World Finance Magazine issues an award called Excellence in Banking to Banco Transatlantico. The World Finance Magazine issues the award because it regards Banco Transatlantico as the Best Private Bank in eastern Carribean region.
OID Limited abides by the know your client (KYC) policy. Hence, full and accurate information about the client is of great importance. Every single piece of information about the client is strictly confidential. OID Limited will never reveal the names of the directors and shareholders. It adheres to a strict rules in protecting the confidentiality of the clients.
The company has a group of professional staff knowledgeable in handling the process from the beginning to the end. Some of the services the company offers include offshore incorporation service, maintenance service, nominee director service and etc. Establishing an offshore company can help customers to gain many benefits. Customers don’t have to pay any VAT fee, capital gain tax or income tax for a maximum period of 20 years.
To open an IBC company in Dominica, customers must prepare at least one director and shareholder. The company staff and company secretary are not required. Natural person can become a director or shareholder. The natural person can be of the nationality of any country. Both bearer shares and non par value shares are allowed. Several types of endings can be used for an offshore company including Incorporated, Corp, PLC, LLC, and OAO. Offshore company cannot conduct any business with Dominican residents. It also cannot own an interest in a real estate property in Dominica.
To incorporate a standard company in Dominica, customers will have to pay a total of $960 USD. The $960 USD fee is inclusive of various types of fees including government registration fees, registered office services, FedEx document delivery fee, and corporate account opening fee. There is no cost to open an account in the Dominican offshore bank. After the IBC company is incorporated, the customer will receives several documents including Certificate of Incorporation, Certificate of Good Standing, Register of Directors, Register of shareholders and etc. In the second year, customers have to pay a $500 renewal fee.
Contact Information
3rd Floor, Financial Centre,Kennedy Avenue, West Indies
Roseau,
Commonwealth of Dominica, 00152
Dominica