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Special Economic Zone Company

A special economic zone company is authorised to carry on business in a special economic zone pursuant to any Law in force in the Islands.  The Companies Law (PART VIIIA) permits the re-registration of existing exempt companies as special economic zone companies. The memorandum of association of such companies is required to state the intention of carrying on special economic zone business. The name of the company must include “special economic zone company” or “SEZC”

Should such companies cease to operate in the special economic zone they may remain on the register as exempted companies upon re-registration or opt to be removed from the register.