Public company limited by sharesMontserrat
What it takes to form, own and run a public limited company in Montserrat, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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A member of a company has no liability, as a member, for the liabilities of the company.
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A shareholder of a company who is a nominee shareholder shall give written notification of that fact to the company
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a public company shall have at least three directors and any other company shall have at least one director
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A company may issue— (a) bonus shares, partly paid shares, nil paid shares; or (b) fractional shares.
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1. For an application to incorporate a company— (a) in the case of a company other 400.00 than a non-profit company
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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.
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.
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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 3 · none need live there · individuals only
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a public company shall have at least three directors and any other company shall have at least one director
- Shareholders
- At least 1 · nominees allowed
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A shareholder of a company who is a nominee shareholder shall give written notification of that fact to the company
- Members
- At least 1 · one person may form it alone
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A company shall have at least one member.
- A local company secretary
- Not required
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(b) may be an individual, a corporation or a firm.
- A local registered agent
- Required
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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
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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
- Yes
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A reporting company shall send a copy of the documents referred to in section 107 to the Registrar
- Audit for a small company
- Does not apply
- 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 Public company limited by shares are in our records.
What is public
- Directors
- Public
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Beneficial Ownership Register (open to the public for free - no charge)
- Beneficial owners
- Public
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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).
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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).
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the members of a company may, by special resolution, appoint an eligible insolvency practitioner as liquidator of the company.
- Statutory fee
- XCD 100
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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
- Public limited companyDerived our grouping, the same words in every country
- Name in law
- Public company limited by shares
- Identifier
- MS-PUBLIC-LIMITED-BY-SHARESA form ISO 20275 does not list.