Regulatory Alerts2020-01-01
International Business Companies (Amendment of Second Schedule) Regulations 2020
The Minister of Finance, Trade, Investment and Economic Planning issued these regulations to amend Part I of the Second Schedule to the International Business Companies Act, 2016. The amendments replace existing fee provisions by establishing a US$130 incorporation charge for standard international business companies and setting annual fees at US$140 for standard entities and US$500 for protected cell companies. These updated fee schedules officially took effect on April 1, 2020.
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