Other legal form
Company limited by guarantee, authorised to issue sharesMontserrat
What it takes to form, own and run an other legal form in Montserrat, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
Owners' liability
Limited to what the owners put in
Officialgov.msRead 10 Oct 2026
Quote
the amount that the guarantee member is liable to contribute as specified in the articles
Owners
Nominees allowed
Officialgov.msRead 15 Oct 2026
Quote
A shareholder of a company who is a nominee shareholder shall give written notification of that fact to the company
Directors
At least 1 · none need live there
Officialgov.msRead 10 Oct 2026
Quote
a public company shall have at least three directors and any other company shall have at least one director
Minimum capital
None
Officialgov.msRead 25 Oct 2026
Quote
A company may issue— (a) bonus shares, partly paid shares, nil paid shares; or (b) fractional shares.
Formation fee
XCD 800
Officialfscmontserrat.orgRead 15 Oct 2026
Quote
1. For an application to incorporate a company— (a) in the case of a company other 400.00 than a non-profit company
Tax on profit
Flat · 30%
Officialgov.msRead 15 Oct 2026
Quote
Tax shall be charged, levied and collected on the chargeable income of any company, building society or any body of persons at the rate of thirty percent.
Resident director needed: NoFormed online: Yes
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Yes
What it takes to form
- A notary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A resident director
- Not required
- Paying up the capital
- Shares have no nominal or par value (s 37(1)); subject to its articles a company may issue bonus, partly paid and nil paid shares (s 36(2), (4)); the consideration may take any form (s 43). No minimum paid-up amount is prescribed.
Quote
A company may issue— (a) bonus shares, partly paid shares, nil paid shares; or (b) fractional shares.
Own it
Who may own and run it
- Directors
- At least 1 · none need live there
Quote
a public company shall have at least three directors and any other company shall have at least one director
- Shareholders
- Nominees allowed
Quote
A shareholder of a company who is a nominee shareholder shall give written notification of that fact to the company
- Members
- At least 1
Quote
In the case of a company limited by guarantee that is authorised to issue shares, at least one member shall be a guarantee member.
- A local company secretary
- Not required
Quote
A public company shall have a secretary who—
- A local registered agent
- Required
Quote
A company shall have a registered agent in Montserrat, who shall be a person eligible to act as its registered agent
Each year, at the registry
- Annual registry fee
- XCD 200
Quote
5. For filing an annual return on or 200.00 before 1 April each year under section 106(3) of the Act
- Accounts on the public record
- Small exempt
Quote
A reporting company is required to prepare and file financial statements and returns under this Division.
- Audit for a small company
- Not required
Quote
The members of a company other than a reporting company may resolve not to appoint an auditor.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the Company limited by guarantee, authorised to issue shares are in our records.
What is public
- Directors
- Public
Quote
Beneficial Ownership Register (open to the public for free - no charge)
- Beneficial owners
- Public
Quote
Beneficial Ownership Register (open to the public for free - no charge)
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Flat · 30%
Chargeable income of a company is taxed at thirty percent (Income and Corporation Tax Act, Cap. 17.01, s 37).
Quote
Tax shall be charged, levied and collected on the chargeable income of any company, building society or any body of persons at the rate of thirty percent.
Work it out on a profit figure: the company’s tax, the owner’s, and what is left.
- CFC rules in Montserrat
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Liquidation: members may appoint an insolvency practitioner as liquidator by special resolution (s 258) or the Court may appoint one; the liquidator files notice of appointment with the Registrar within fourteen days (s 280) and, on completion, files the final report and a certificate of compliance (s 337). The Registrar may also strike a company off the Register on the grounds in s 233, and a company struck off for seven years is dissolved (s 236).
Quote
the members of a company may, by special resolution, appoint an eligible insolvency practitioner as liquidator of the company.
- Statutory fee
- XCD 100
Quote
24. For filing notice of appointment of liquidator 100.00
Every business in Montserrat
VAT
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for Montserrat.
Payment and banking services
None of the services whose lists we hold names Montserrat. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Other legal formDerived our grouping, the same words in every country
- Name in law
- Company limited by guarantee, authorised to issue shares
- Identifier
- MS-GUARANTEE-WITH-SHARESA form ISO 20275 does not list.