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Category: IBC
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IBC Incorporation Procedure Schedule Of Fees IBC Forms

  • 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.

  • Incorporation time scale:

    Within 24 hours for non-licensed IBCs

  • Resident Directors required for licensed IBCs:

    No

  • Minimum number of Directors:

    One

  • Directors' meetings required:

    Yes

  • Beneficial ownership disclosure:

    No

  • Shareholder disclosure:

    No

  • Minimum number of Shareholders:

    One

  • No-par value shares allowed:

    Yes

  • Public shares registered:

    No

  • Audit required:

    Yes (for licensed institutions)

  • Foreign currency accounting allowed:

    Yes

  • Registered Office:

    Yes

  • Registered Agent:

    Yes

  • IBC Name:

    Please see section 339 and Regulation no. 10 of 2004 of the IBC Act

  • Company mobility provision / redomicility rules

    The transfer of charter of an IBC to a foreign jurisdiction, or vice versa is permitted

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Category: IBC
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UPDATED IBC FORMS

CMTSPA GUIDE, FORMS & LISTS

IBC Incorporation Procedure IBC Incorporation Facts Schedule Of Fees

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Category: IBC
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The formation of an IBC can be carried out by a local resident agent, such as an accountant, attorney or trust company. Formation can be achieved in as little as 24 hours and involves the following:

  1. The resident agent must submit a request for a name approval . The name should reflect the corporate purpose of the company.
  2. Once the request is approved, a copy of the approval is faxed to the resident agent .
  3. The resident agent must then submit the following documents in triplicate:
    • Articles of Incorporation which must include the following:
      1. The approved name of the proposed corporation;
      2. particulars on the registered office and resident agent;
      3. The authorized number of shares (at least 1).
      4. The number of directors (at least 1).
      5. Arestriction to corporate purpose clause, and
      6. The signatures of two incorporators one of whom must be a practicing attorney in Antigua and Barbuda .
    • Application for International Business Charter which must be consistent with the Articles of Incorporation.
    • tice of change of registered office/agent
    • Notice of Directors
    • By-laws (optional).
  4. A Certificate of Incorporation is issued.

Details
Category: IBC
Hits: 18548

The formation of an IBC can be carried out by a local resident agent, such as an accountant, attorney or trust company. Formation can be achieved in as little as 24 hours and involves the following:

  1. The resident agent must submit a request for a name approval . The name should reflect the corporate purpose of the company.
  2. Once the request is approved, a copy of the approval is faxed to the resident agent .
  3. The resident agent must then submit the following documents in triplicate:
    • Articles of Incorporation which must include the following:
      1. The approved name of the proposed corporation;
      2. particulars on the registered office and resident agent;
      3. The authorized number of shares (at least 1).
      4. The number of directors (at least 1).
      5. Arestriction to corporate purpose clause, and
      6. The signatures of two incorporators one of whom must be a practicing attorney in Antigua and Barbuda .
    • Application for International Business Charter which must be consistent with the Articles of Incorporation.
    • tice of change of registered office/agent
    • Notice of Directors
    • By-laws (optional).
  4. A Certificate of Incorporation is issued.
IBC Incorporation Facts Schedule Of Fees IBC Forms