Table of Contents (Display details)

International Business Companies
1 Short title
2 Purposes of Act
3 Interpretation
4 International manufacturing
5 Ineligibility: Fiscal Incentives Act
6 International trade and commerce
7 Application for licence
8 Conditions for grant of licence
9 Licence
10 Special tax provisions
11 Exemption under Income Tax Act
12 Tax concessions for specially qualified persons
13 Dividends and other payments
14 Withholding tax
15 Transfer of assets
16 Prohibition against accepting loans from or otherwise dealing with local banks
17 Authority to keep books and records in foreign currency
18 Exchange control
19 Cap. 316 not applicable to international business companies
20 Machinery, equipment etc exempt from certain taxes and duties
21 Record and inspection of machinery and equipment
22 Filing of financial statements not required
23 Savings
24 Exemption from stamp duty
25 Prohibition against disclosure
26 Compliance with certain provisions of Companies Act
27 Guarantees by Minister
28 Notice to Minister
28A Penalties
29 Regulations
30 Transitional