Do you need a bank account in the Caribbean with tax exemption status?</strong
In this case you can choose Dominica due to its favorable legislation for banking institutions, payment entities, E-Commerce, insurers and asset protection.
Dominica is another one of the most important technological jurisdictions in the Caribbean. Many start-ups have chosen this offshore enclave to develop activities related to casinos, payment gateways, online banks, online sales stores, travel agencies and insurance. The ease and speed of procedures are the virtues of this magnificent jurisdiction.
In Dominica the banking law protects clients´ secrecy and any fissure is punished with high fines and jail sentence. Due to the ease of obtaining a game license and the wide range of banking services offered in Dominica it is the jurisdiction where most online casinos are registered. Comparing to other jurisdictions in the Caribbean such as the Bahamas, the Cayman Islands or the Virgin Islands, account maintenance rates of Dominican banks are quite low. Also the clients can choose the language in which they get attended thanks to a multilingual client support platform in: English, Spanish, French, German, Russian and Chinese. The taxes in Dominica for the foreign investors are equal to zero, which creates a very favorable environment for business, commerce and finance. Resident agents have facilities for the creation of IBC’S companies and virtual stores, trust, asset management companies and banking entities. All these characteristics make Dominica one of the best jurisdictions to establish an offshore bank account and start your business on the right foot.