Nevis Business Corporation Ordinance 1984 - Intax Info

liabilities of said corporation incurred prior to such transfer.
Applicable law
110. The filing of an Application to Transfer Domicile shall not affect the choice of law applicable to prior
obligations and rights of the corporation, except that from the date the Application to Transfer Domicile is filed,
the laws of Nevis, including the provisions of this Ordinance, shall apply to the corporation to the same extent as
if the corporation had been originally incorporated as a corporation of Nevis on that date and title to the
corporation's assets shall also be governed by Nevis law.
Departure
111. Any corporation formed, incorporated, created, or otherwise existing under or subject to this Ordinance
may become domiciled in any foreign jurisdiction upon compliance with this Ordinance and the laws of the
jurisdiction into which the corporation seeks to become domiciled.
Certification of departure
112. Any corporation described in section 111 of this Part shall submit for filing with the Registrar of
Companies a Certificate of Departure which shall be executed in the same manner as an Application to Transfer
Domicile. The Certificate of Departure shall set forth
(i)
(ii)
(iii)
(iv)
(v)
The names and addresses of the corporation's creditors and the total amount of its
indebtedness to such creditors, and the names and addresses of all persons or entities
which have notified the corporation in writing of a claim in excess of One Thousand
Dollars and the total amount of such claims; and
That the intended departure from Nevis and transfer of domicile to a foreign
jurisdiction is unlikely to be detrimental to the rights or property interests of any
creditor of or claimant against the corporation; and
That the corporation at the time of application to the foreign jurisdiction is not in
breach of any duty or obligation imposed upon it by this Ordinance or any other law
of Nevis; and
That the transfer of domicile to the foreign jurisdiction is made in good faith and will
not serve to hinder, delay or defraud existing shareholders or other parties in interest;
and
A consent and agreement by the corporation that it may be served with process in
Nevis in any proceeding arising out of actions or omissions occurring prior to its
departure from Nevis, which agreement shall include the appointment of the
Registrar of Companies as the agent of the corporation to accept such service of
process and shall set forth an address to which a copy of such process shall be
forwarded by mail.
Effective date of departure
113. Upon payment of all fees outstanding in Nevis and upon proper compliance with this Ordinance and
applicable laws for transfer of domicile to the foreign jurisdiction, the departing corporation shall notify the
Registrar of Companies as to the effective date of the transfer of domicile outside of Nevis. As of the date of
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