A method of fabricating a passive device on a printed circuit board. A first substrate and a second substrate are provided. Each of the first and the second substrates has an insulation core layer and a conductive layer on the insulation core layer. A dielectric layer is coated on the first substrate to cover a surface of the conductive layer thereon as an internal dielectric layer. The second substrate is laminated onto the internal dielectric layer, so that the conductive layers of the first and the second substrates are adjacent to the internal dielectric layer.