Development Division

Registry of International Business Companies (IBCO)

The Unit is responsible for registration and supervision of International Business Companies (IBCs) governed under International Business Companies Order, 2000 (IBCO) and also registration of international trusts and partnerships under International Trusts Order, 2000 and International Limited Partnerships Order, 2000 respectively. All IBCs incorporated are exempt from tax. Applications or documents must be submitted to the Registrar of International Business Companies (and Limited Partnerships).

Application for a licence to act as a Registered Agent and Trust Company can also be applied with the Registry of IBCO. This is administered under the Registered Agents and Trustees Licensing Order, 2000 (RATLO). We are also responsible for assembling guidelines and codes of conduct to our licensees under specific Orders and Regulations.

Fees & Payments

We collect a range of fees such as upon registration of an IBC as well as lodging of some forms and documents. The International Business Companies Regulations pursuant to section 164 of the International Business Companies Order, 2000, state when the fees must be paid and the amount of the fee.

All fees and penalties listed below are stated in United States dollars.

NO.	ITEM	FEE/PENALTY (United States dollars)
1.	Upon the registration by the Registrar of a company incorporated under Part III of the Order	$500
2.	On or before the first anniversary of the incorporation under Part III, registration under Part XI, or conversion under Part XII of a company under the Order, and on or before each succeeding such anniversary, a renewal fee of	$400
3.	Where any renewal fee referred to in paragraph (b) is paid after the expiry of sixty days from any such anniversary (without prejudice to any other fee chargeable or any other action which may be taken by the Registrar), penalty	$200
4.	Upon registration of any copy of a resolution of members or a resolution of directors required to be filed under the Order	$75
5.	Upon the registration of articles of merger or consolidation	$1,000
6.	Upon the registration of articles of arrangement	$1,000
7.	Upon the issue by the Registrar of a duplicate, or certified copy of a certificate of incorporation, merger, consolidation, arrangement, continuation, dissolution, discontinuance or good standing	$30
8.	Upon the issue by the Registrar of a copy or extract, whether or not certified, of a document or apart of a document, other than a certificate of incorporation, merger, consolidation, arrangement, continuation, dissolution, discontinuance or good standing, per A4 sheet	$1
9.	For an inspection of the document kept by the Registrar pursuant to this Order, on each occasion	$25
10.	Upon restoration by the Registrar to the Register of a company incorporated under this Order, the name of which was struck off the Register – (i) if the restoration is applied for within six months immediately following the striking of the name off the Register (ii) if the restoration is applied for more than six months immediately following the striking of the name off the Register	$500 $1,000
11.	For the reservation of a name under section 14 of the Order	$25
12.	Upon submission to the Registrar of documents referred to in section 144 of the Order in relation to conversion of a foreign company into an IBC	$250
13.	Upon filing for the registration of a foreign company under Part XI of the Order	$500
14.	Upon the registration by the Registrar of a notice of increase or decrease of authorised capital of a company incorporated or registered under this Order	$75
15.	Upon a company incorporated under this Order continuing its incorporation under the laws of another jurisdiction	$500
16.	On a company newly or already incorporated, registered or converted under the Order becoming a Dedicated Cell Company	$250
17.	Upon filing any document referred to in Part IX Division 3 of the Order	$100
18.	For a certificate of good standing under section 163 of the Order	$75
19.	For determining any matter in relation to creditors and issuing any direction required under sections 43(4) and (5) of the Order, per application/direction	$150
20.	For any application or document not mentioned above, save as the Registrar at his discretion may require a lesser payment where the circumstances so justify	$75

Registered Agents & Licensed Trustees

Registered Agents & Licensed Trust companies are regulated under Registered Agents and Trustees Licensing Order, 2000 (RATLO).

Functions of Registered Agents and Trust companies include:

Lodging documents on behalf of International Business Companies such as incorporation of IBCs and Foreign International Companies (FICs) under IBCO, 2000, conversion of overseas companies into IBCs and the merger, consolidation, continuation, renewal, extension of duration of, or migration of IBCs;
Provide registered offices, share transfer offices or administration offices for the receipt of post or other articles, IBCs and FICs;
Provide or appoint persons to perform the functions of directors (mandatory), resident secretary, nominees; preparing, keeping or filing books, accounts and registers, records; and other matters relating to corporate administration, including establishment of IBCs as Dedicated Cell Companies or Limited Life Companies.

Application and Issue fees for a licence under the Registered Agents and Trustees Licensing Order, 2000 (RATLO) are B$ 2,000 and B$ 3,000 respectively. An Annual Licence Fee of B$ 2,000 must be paid on or before 31^st January every year.

Registry and Licensing Systems (RALS)

RALS is our online portal which provides the ease of doing business particularly for our Registered Agents. The online portal allows our Registered Agents to submit or lodge applications in real time thus helps to improve efficiency and quality of our service.

Users can access RALS here.