The first step in registering an Exempted Company is the lodging of the Memorandum and Articles of Association with the TCI Companies Registry by the company's representative together with a declaration
signed by the subscriber(s) affirming that the business of the company will be carried on mainly outside TCI
The company must also nominate a representative resident in TCI for the purpose of service of process. A registration fee and thereafter an annual filing fee are payable/
The procedure for registering an Ordinary Company is identical, save that the declaration is not required. Certain information is however required to be filed, including the names, addresses of shareholders, directors and secretaries.
The procedure for registering a Foreign Company is similar to that applicable to Ordinary Companies except that it must also nominate a representative resident in TCI for service of process.
The domicile of an existing overseas company may, be transferred to TCI, where the laws of the host domicile do not prohibit such a transfer. Similarly, a TCI-registered company may legally transfer its domicile from TCI to another jurisdiction.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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