Foreign Marine Entity
Any shipping company that is already established as a corporate entity, may qualify as a "Foreign Marine Entity". This type of corporate formation was designated specifically through the Dominica International Ship Registry Act to facilitate a quick process for shipping companies not looking to establish a corporation outside their pre-existing corporate infrastructure.

Non-Marine Company Formation
Company formation can be obtained in 24 hours under the International Business Companies Act of 1988 for international business companies (IBCs). All companies are required to have at least one director. Annual meetings need not be held in Dominica. There are no nationality or domicile restrictions for directors. To form an IBC, only one shareholder is required and there is no minimum capital requirement. Corporations may act as shareholders. Incorporation is handled through Offshore Corporate Registry Inc. in Washington, D.C., which follows the Delaware corporate model. Dominica requires no capital minimum or annual returns. Incorporation can be completed on-line via www.global-money.com or www.internationalshipregistries.com or by traditional means (facsimile, courier service etc.).

To incorporate a Dominica company, you must provide the following information: corporation name, share capital, and number of initial directors; directors need not be listed by name, nor must the company state a specific purpose of incorporation. Each nonresident domestic corporation must have a registered agent and address in Dominica, available via the International Trust of Dominica. Companies can hold annual directors meetings anywhere in the world, and officers, owners, and directors' names need not be disclosed. Payment of an annual fee ensures the corporation remains a company in good standing.