BRITISH VIRGIN ISLANDS - Mossack Fonseca & Co.

NO. ENACTMENT EXTENT OF AMENDMENT OR REPEAL
200
(c) in subsection (1) (b), by deleting
“$1,000.00” and substituting
“$1,100.00”;
(d) in subsection (2), by deleting “A company
that is” and substituting “Subject to
section 105A, a company that is”;
(e) in subsection (2)(a), by deleting
“$300.00” and substituting “$350.00”;
and
(f) in subsection (1)(b), by deleting
“$1,000.00” and substituting
“$1,100.00”.
5. The following section is inserted after
section 105:
AE/ET/Pub./bg/03.2007
“105A. Notwithstanding section
105, the annual fee payable by a
company that, on the 31 st December
2004, was not prohibited by its
memorandum from issuing bearer
shares is
(a) $1,100.00 if, on the licence fee
payment date, its authorised capital
exceeds $50,000; or
(b) in any other case, US$350.00.”.
6. The International Business Companies Act
(Cap. 291) is repealed.
DATE THAT
AMENDMENT
OR REPEAL IS
EFFECTIVE
1 January 2005
1 January 2007