Menu Close

The International Business Companies (Amendment) Bill

 

  • To provide for the establishment, registration, winding up and cancellation of Limited Life Companies.
  • The name of such a company must end with the words “limited life company” or the abbreviation “LLC”.
  • Maximum duration of 50 years from the date of registration or any aggregate thereof.
  • An existing company may by resolution choose to be registered as a limited life company.
  • Must pay an additional registration fee of US$100.