In Dominica, an offshore bank account for non-resident is defined by a bank service that gives access to individuals and entrepreneurs who are not residing in the Dominican territories trough a Dominican bank that provides with offshore financial transactions.
In Dominica, the offshore bank account for non-resident is considered as advantageous given that the country is seen as tax haven despite the fact that only tax exemption for offshore companies applied only for corporates established prior 2018 and even that stopped at the end of 2021.
In Dominica, the overseas bank account for non-resident is easy to open against a strict documentation that includes notarized copy of the passport of the account holder, proof of residence, a bank reference in addition Dominican banks require for both, corporate and personal accounts a minimum of deposit of 15,000 US Dollars.
In Dominica, an offshore bank account for non-resident needs to be assessed either it is useful or not given the county is now applying income tax up to 25% on worldwide income, but the problem is also that the country has no double-tax treaty with the Western country leaving investors paying tax to the Dominican tax authorities but also to the taxman of their country of residence.
OVERSEAS BANK ACCOUNT OFFSHORE BANK ACCOUNT ANONYMOUS BANK ACCOUNT FOR US CITIZEN DECLARING AN ACCOUNT GERMANY FOR BRITISH CITIZEN FOR EXPATRIATE NO MINIMUM DEPOSIT FOR RETIREE FOR STUDENT IBAN NUMBER PANAMA LUXEMBOURG SWITZERLAND ANDORRA ANGUILLA ANTIGUA BAHAMAS ARUBA BAHRAIN BERMUDA VIRGING ISLANDS CAYMAN ISLANDS COOK ISLANDS CYPRUS DOMINICA GIBRALTAR GRENADA GUERNSEY ISLE OF MAN JERSEY MALTA MARSHALL ISLANDS MONTSERRAT NAURU CURAÇAO ST. KITTS & NEVIS NIUE SAMOA SAN MARINO SEYCHELLES ST. LUCIA ST. VINCENT GRENADINES TURKS CAICOS U.S VIRGIN ISLANDS VANUATU MAURITIUS AUSTRALIA SOUTH-AFRICA UK MONACO DUBAI BELIZE IRS LIECHTENSTEIN DISCLOSURE OF ACCOUNT LIST OFFSHORE BANKS FOR INDIVIDUAL FOR BUSINESS ONLINE ACCOUNT SINGAPORE LIST OF TAX HAVENS FOREX TRADING ACCOUNT BITCOIN OFFSHORE ACCOUNT IS IT LEGAL ? ADVANTAGES INCONVENIENTS LOAN AGAINST INHERITANCE TYPES OF ACCOUNTS COMPTE OFFSHORE COMPTE ANONYME POUR FRANÇAIS DÉCLARATION COMPTE ALLEMAGNE SINGAPOUR POUR SANS PAPIER EXPATRIÉ FRONTALIER RETRAITÉ ÉTUDIANT POUR FONCTIONNAIRE PANAMA POURQUOI OUVRIR UN COMPTE? EST-CE LÉGAL AVANTAGES INCONVÉNIENTS TYPES DE COMPTES LISTE DES PARADIS FISCAUX COMPTE FICP INTERDIT BANCAIRE AVEC POURSUITES POUR FICHÉ BNB COMPTE LUXEMBOURG SUISSE ANDORRE ÎLE MAURICE ESPAGNE ITALIE COMPTE BELGIQUE LIECHTENSTEIN COMPTE SANS RIBA LISTE DES BANQUES OFFSHORE PRÊT SUR HÉRITAGE COMPTE LONDRES POUR PARTICULIER POUR ENTREPRISE EN LIGNE POUR NON RÉSIDENT MONACO FRANCE POUR NON-RÉSIDENT