December 1998
THE INTERNATIONAL BUSINESS COMPANIES ORDINANCE 1994
This Ordinance has been amended to include the following major points:
- an IBC may not hold real property situated in Anguilla, except an office to be used for running its business
- an IBC may use a name of a previous company which has been struck off the register for more than 3 years
- an IBC may issue various types of shares and other securities subject to its articles or by-laws
- an IBC may have an authorised capital in any currency approved by the Registrar
- provisions covering the definitions and consequences of an IBC making unlawful distributions
- an IBC may create mortgages and charges of shares
