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Type of corporate vehicle:
IBCs include licensed and non- licensed corporations. Licensed institutions are limited to international banks, trust, insurance corporation and interactive gaming and wagering companies.
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Incorporation time scale:
Within 24 hours for non-licensed IBCs
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Resident Directors required for licensed IBCs:
No
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Minimum number of Directors:
One
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Directors' meetings required:
Yes
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Beneficial ownership disclosure:
No
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Shareholder disclosure:
No
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Minimum number of Shareholders:
One
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No-par value shares allowed:
Yes
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Public shares registered:
No
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Audit required:
Yes (for licensed institutions)
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Foreign currency accounting allowed:
Yes
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Registered Office:
Yes
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Registered Agent:
Yes
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IBC Name:
Please see section 339 and Regulation no. 10 of 2004 of the IBC Act
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Company mobility provision / redomicility rules
The transfer of charter of an IBC to a foreign jurisdiction, or vice versa is permitted