General Overview.  Dominica is a small country with limited resources. Provision of offshore financial services is the main economic activity, which together with tourism brings major government income. Local authorities try to implement favourable business conditions, in order to attract international entrepreneurs and investors to this offshore jurisdiction.

Banking Sector. Banks of Dominica provide offshore banking facilities, including tax-free offshore bank accounts. There are no exchange controls in the jurisdiction. Banks have implemented strong secrecy laws, which significantly protect their clients’ privacy and confidentiality.

E-commerce. Dominica has positioned itself to become one of the primary choices for incorporating a company which intends to conduct an offshore e-commerce business. Local authorities welcome online commerce business, and all the laws and regulations are created, in order to facilitate this type of business management.