Nikolai Timofejev
15 years in FinTech and payments. Maps your business model to the right licence scope and leads the file all the way to the group build, including banking and payment rails.
Set up a forex company in Dominica.
The Nature Island's Financial Services Unit licenses offshore banks, insurers, credit unions and money transfer companies - retail forex brokerage is not on the list, and a Dominica IBC is a registration, not a permission. The build that works is the layered one: a Dominica entity inside a group licensed where its clients are. We deliver exactly that.
27 yrs
on the international marketon the market
60+
in-house specialistsspecialists
400+
Licenses obtainedlicenses obtained
Updated
Dominica in brief
The economical entity layer, told straight.
Dominica's Financial Services Unit supervises a defined list - offshore banks, insurance companies, credit unions, building societies, money transfer companies and international trusts under the FSU Act and the sector enactments. Retail forex brokerage is not among the licensable categories: there is no Dominica forex licence, and an IBC certificate from Roseau is a company registration, nothing more. The island's actual offer to a brokerage group is economy and simplicity - one of the least expensive IBC regimes in the region, formation in days, and English-law corporate mechanics inside the EC dollar's long-pegged stability.
Used properly, that has a place: cost-sensitive groups seat operating or auxiliary entities in Dominica - technology companies, service companies, regional holdings - while the licences live in jurisdictions that issue them, from the Seychelles and Mauritius to Labuan and MiFID Europe. Used as a licence substitute, it fails the first questionnaire a bank sends. We build the unvarnished version: the Dominica entity formed cleanly and kept current, the licensed core built where it belongs, and the group wired so that routing, AML and banking all tell the same true story.
The unvarnished version: the FSU licenses banks, insurers and money transfer, not retail forex. A Dominica IBC is an economical registration, not a permission; the licences live elsewhere.
The build that works: IBC in days at region-low cost + real licences (Seychelles, Mauritius, Labuan, MiFID) beside it. We deliver both ends.
The two builds
The Dominica IBC - inside a licensed group.
Dominica sells economical registration, not permission. Our build pairs the IBC with real licences. One coherent architecture, delivered as one programme.
The Dominica IBC, and the licensed group it belongs to.
01 - THE DOMINICA IBC
Registration, done cleanly
An IBC incorporated in days at region-low cost: the operating or auxiliary layer with a registered agent, documented ownership and the corporate hygiene banks expect.
An IBC incorporated in days at region-low cost: the operating or auxiliary layer with a registered agent, documented ownership and the corporate hygiene banks expect.
- ✓IBC - incorporation in days
- ✓Region-low formation and annual costs
- ✓Registered agent and office
- ✓Clean UBO and corporate records
- ✓No licensable-activity pretence
- ✓Annual maintenance kept current
02 - THE LICENSED GROUP
Where the permission livesThe licence, where it belongs
The authorisation your clients' jurisdictions expect. Obtained where it exists: Seychelles or Mauritius for the global book, Labuan for Asia, MiFID Europe for EU retail. Connected to the Dominica layer, cleanly.
Licence jurisdiction matched to your clients: SDL, Mauritius dealer, Labuan, MiFID Europe. Routed cleanly, banked properly.
- ✓Licence jurisdiction matched to your clients
- ✓Seychelles SDL · Mauritius dealer · Labuan
- ✓MiFID route for European retail
- ✓Clean routing between entities
- ✓Group banking architecture
- ✓We build and sequence both ends
Costs and timelines are confirmed for your case before any work begins. For the Dominica entity and for the licensing jurisdiction beside it, itemised separately, line by line.
Why Dominica, really
What the island is actually good for.
Dominica earns its place on cost and simplicity. The economical entity layer, not on licences it never issued.
✓
Region-low costs
Among the least expensive IBC regimes in the Caribbean. Formation and annual fees sized for auxiliary and operating layers.The economical layer.
✓
Formation in days
Established agents, light procedure and quick turnaround. The administrative layer without waiting.Light procedure.
✓
A defined, stated perimeter
The FSU licenses what its statutes name. Banks, insurers, money transfer, and polices that list; no rented regulatory theatre.A list, policed.
✓
English-law mechanics
Familiar corporate law and documentation counterparties process without translation.Familiar mechanics.
✓
ECCU stability
The EC dollar's long peg (2.70 to US$1). A dollar-stable operating baseline by construction.Pegged 2.70 : $1.
✓
The auxiliary-layer niche
Technology, service and regional-holding entities of licensed groups sit here economically. The right job for the right island.The right job done right.
How it compares
How Dominica differs from licensed routes.
Numbers next to numbers: a registration jurisdiction. The licence column stays empty by design.
Dominica vs licensed jurisdictions
| Feature |  Dominica | Licensed routes |
|---|---|---|
| Forex licence | None - not licensable | SDL, dealer, MiFID licences |
| What you get | Economical IBC registration | The licence itself |
| Setup speed | Days | Months |
| Role | Entity layer in a group | The regulated core |
Forex licence
DominicaNone - not licensable
Licensed routesSDL, dealer, MiFID licences
What you get
DominicaEconomical IBC registration
Licensed routesThe licence itself
Setup speed
DominicaDays
Licensed routesMonths
Role
DominicaEntity layer in a group
Licensed routesThe regulated core
Country by country
| Country | Status | Taxation | Requirements |
|---|---|---|---|
| Dominica | Registration only - no FX licence | Fee-based · plan at owner level | IBC + licensed group |
 St Vincent | Registration only - FSA notice | Fee-based · plan at owner level | Licence proof for client states |
 St Lucia | Registration only - IBC | Fee-based · plan at owner level | Clean IBC + licensed group |
 St Kitts & Nevis | Registration only - no FX licence | Fee-based · plan at owner level | Nevis LLC/BC + licensed group |
DominicaStatusRegistration only - no FX licence
TaxationFee-based · plan at owner level
RequirementsIBC + licensed group
St VincentStatusRegistration only - FSA notice
TaxationFee-based · plan at owner level
RequirementsLicence proof for client states
St LuciaStatusRegistration only - IBC
TaxationFee-based · plan at owner level
RequirementsClean IBC + licensed group
St Kitts & NevisStatusRegistration only - no FX licence
TaxationFee-based · plan at owner level
RequirementsNevis LLC/BC + licensed group
Before you build
What a compliant Dominica setup contains.What a compliant setup contains.
No licence does not mean no standards. The economical layer still has to pass the market's questions. A build that survives looks like this.
01
An IBC. Incorporated through an established registered agent, with the registered office maintained.
02
Clean ownership. UBOs documented and disclosable from day one.
03
No licence pretence. Implying FSU regulation of a forex book is a liability, not an asset.
04
A licensed group beside the entity. The permission living in a jurisdiction that actually issues one.
05
Clean client routing, which entity faces which clients, written down and followed.
06
AML/CFT discipline. KYC and screening run at group standard even where local law asks less.
07
Banking reality. Accounts and PSPs chosen for an IBC-plus-licence structure, not against it.
08
Corporate records. Registers, resolutions and accounts kept as if a supervisor will read them.
09
Annual maintenance. Agent, fees and filings kept current; a lapsed entity is a liability.
10
Substance where it matters. People and operations placed in the licensed jurisdictions, not the letterbox.
01
IBC via established agent.
02
UBOs documented.
03
No licence pretence.
04
Licensed group beside it.
05
Routing written, followed.
06
Group-standard AML.
07
Banking chosen on merit.
08
Records to bank standard.
09
Fees and filings current.
10
Substance where licensed.
Reflects the FSU's licensing perimeter and IBC practice as of 2026.Per the FSU perimeter, as of 2026.
How it works
From first call to a working group.
01
Architecture and reality check
Where your clients are, which licences that requires, and what Dominica's role should be. Fixed in writing before anything is formed.Clients → licences → the role.
02
The IBC
Incorporated in days, agent and office in place, ownership documented.Formed in days.
03
The licence build
The licensed jurisdiction's application run in parallel. The long pole, started first.The long pole, first.
04
Group wiring
Routing, agreements and AML standards connecting the entity to its licensed core.Routing and AML connected.
05
Banking and launch
Group accounts, clean routing, operations live. A structure that survives the questionnaire.A group that survives DD.
Quick facts
AuthorityFSU Dominica
Forex licenceDoes not exist
FSU licensesBanks · insurers · MTBs
VehicleIBC
FormationDays
CostsRegion-low
CurrencyXCD pegged 2.70 : US$1
Right useLayer in a licensed group
Dominica's value is economy without pretence. The auxiliary layer priced right, inside a group licensed where it matters. We build to that standard.
On the ground in Dominica
Run from our Roseau office.
Prifinance - Dominica
Roseau · Dominica
Roseau, Dominica
01
IBC formation
Incorporation in days at region-low cost. The entity layer stood up cleanly and kept current.Days, region-low cost.
02
Corporate hygiene
Ownership files, registers and resolutions maintained to bank standard. Paperwork that passes questionnaires.Bank-standard records.
03
The licensed group
Seychelles, Mauritius, Labuan or MiFID Europe built beside the Dominica layer. Both ends sequenced as one programme.Both ends, one programme.
04
Banking and rails
Accounts and PSPs that accept the working architecture. Introduced once the group holds the licences it should.Rails that accept the real story.
We also have offices in
Tallinn
Estonia
Roseni 13
Vilnius
Lithuania
Gedimino pr. 2
Prague
Czech Republic
Vlkova 532/8, Žižkov
Dubai
UAE
33 Level, Al Saqr Business Tower
London
United Kingdom
7 Bell Yard
Madeira
Portugal
Rua da Alegria 31, 1F
Istanbul
Turkey
Perpa Ticaret Merkezi, A Blok
Good to know
The fiscal shape of a Dominica entity.
Fee-based economics at the entity layer. With the real tax planning done at group and owner level.
Registration-fee economics
Formation and annual fees are the entity's defining costs. Among the region's lowest, itemised before you start.Region's lowest tier.
No licence fees
There is no forex licence, so there are no licence fees. The regulatory budget lives in the jurisdictions that issue the licences.No licence exists.
Group-level planning
Where profits are booked, taxed and distributed is a group design question. Modelled across the Dominica layer and the licensed entities together.Booked where designed.
Owner-level rules decide
CFC, management-and-control and residency rules in the founders' countries set the real outcome. Planned before the first invoice.CFC decides outcomes.
The EC dollar peg
XCD pegged at 2.70 to the US dollar for decades. The operating environment is dollar-stable by construction.Dollar-stable base.
Thin treaty network
Dominica is not a treaty jurisdiction for these purposes. Corridors that need treaties route through group entities built for them.Route deliberately.
Fiscal summary
Entity costsFormation + annual fees
Licence feesNone - no licence exists
Planning levelGroup + owner
CurrencyXCD pegged 2.70 : US$1
TreatiesThin - route deliberately
*As of 2026. Entity, group and owner-level outcomes are modelled per structure, case by case.
Turnkey professional support
Experienced lawyers and international consultants.
We provide end-to-end support, from company registration and the application file to regulatory interaction and compliance oversight - with an individualized approach to each client.
Oleksii Kindratenko
Builds the application itself: Dominica company, AML/KYC policy pack, capital structure and tax registrations. His document sets are the reason reviews finish in months, not years.
Eugeniu Bevziuc
First point of contact for international founders. Runs the whole setup remotely, across time zones and languages - from the first call to a working, licensed group.
Follow Prifinance
Active across our channels.
Dominica · FSU
Build your forex structure with Dominica in its right place.
Full-service assistance - the IBC formed cleanly, the licences obtained where they exist, and the group connected cleanly - run through our Roseau office.
Get a consultation →Free legal opinion
Is Dominica the right fit for your project?
Our legal team will analyze your case at no cost and provide a written legal opinion: which jurisdiction, licence scope, or route fits your business.
Written assessment within 2-5 business days
Request a free conclusion →FAQ
The Dominica forex question: the practical answers.
Is there a forex licence in Dominica?+
No. The FSU licenses offshore banks, insurers, credit unions, building societies, money transfer companies and international trusts - retail forex brokerage is not a licensable category, and an IBC certificate is a registration, not a permission.
What is a Dominica IBC actually good for?+
The economical entity layer of a licensed group: operating, technology, service or regional-holding companies at region-low cost - with the licences living in jurisdictions that issue them.
Can a Dominica IBC legally serve forex clients?+
Only inside a structure licensed where those clients are. The IBC itself carries no permission - the group around it does, and we build the two together.
How fast is the setup?+
The IBC forms in days. The real timeline is the licence beside it - weeks in Vanuatu, months in Seychelles or Mauritius, longer in MiFID Europe, so we start the licence first.
What does the entity cost to keep?+
Registered agent, office and annual fees at some of the region's lowest rates - itemised before you start. The regulatory budget belongs to the licensing jurisdiction.
How is a Dominica company taxed?+
The entity's defining costs are fees; the meaningful tax questions are group and owner-level design - CFC, management-and-control and residency rules in the founders' countries. We model that before formation.
Will banks and PSPs work with the structure?+
With the working architecture, yes - a Dominica layer beside real licences processes routinely. The standalone unlicensed island broker is what no longer banks, anywhere in this tier.
Dominica or the other registration islands?+
Dominica competes on cost; St Lucia on register depth; SVG on familiarity; Nevis on protection law. Groups often combine them - each island doing the one job it does best. We model the stack.
Someone offered me a 'Dominica forex licence'. What is it?+
A plain company registration dressed in regulatory language - no statute issues such a licence. Ask for the licence number and the issuing act; there are none. Then talk to us about what actually works.
Why Prifinance for Dominica?+
A Roseau presence, entity work to bank standard at the island's economical rates, and the licensed group - Seychelles, Mauritius, Labuan, MiFID - built beside it as one programme.
Licence?+
None - FSU list excludes FX.
IBC's use?+
The economical layer.
Legal clients?+
Via the licensed group.
Speed?+
Days; licence is the pole.
Costs?+
Region-low fees.
Taxes?+
Group/owner-level design.
Banks?+
Yes - for clean builds.
Vs neighbours?+
Cost vs depth vs protection.
Sold a 'licence'?+
It doesn't exist - call us.
Why you?+
Both ends, one roof.
Client notes
Google4.7★★★★★
Founders who wanted it done right.
Google4.7★★★★★
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One message away from the clean Dominica structure.
Get a free legal opinion on your project - our legal team will analyze your case at no cost and provide a written legal opinion: which jurisdiction, licence scope, or route fits your business.Free legal opinion: what Dominica can and cannot do for your project.
✓Written legal opinion within 2-5 business days - free of charge✓A clear recommendation on the right licence scope, not a sales pitch✓Transparent fixed fees, confirmed up front✓EN · RU · ES speaking team
Prifinance is an independent law and advisory firm. We are not a regulator and are not affiliated with, endorsed by, or acting on behalf of the Financial Services Unit of Dominica (FSU) or any other public authority. Authorisations are granted by, and obtained directly from, the competent authorities.