What are the procedures on how to re-domicile the existing offshore IBC to Dominica?
The laws in Dominica allow re-domiciliation. As a main requirement, the original country of incorporation should allow this to happen. At the moment, for example, we are doing a lot of this work for Bahamian IBC’s due to the dramatic recent changes in the offshore legislation of the Bahamas. You would also need to produce the following offshore IBC documents: prepare a Continuance application, which includes its existing Charter documents and all amendments; a decision of the Board of Directors to continue in the Commonwealth of Dominica. After the transfer, a corporation must adopt local bylaws (Memorandum and Articles of Association) to comply with Dominica Laws. The Certificate of Continuance will be issued by the Registrar after filing the above documents. Your offshore company is considered to be valid and existing from then on. Upon receipt of the legal opinion from Dominica you will have to apply in your original offshore jurisdiction for the company name to be struck off the Re
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