2.1 2.1 Key Terms
2.1.1. What is a Special Purpose Company?
A Special Purpose Company is a company incorporated under the QFC Companies Regulations and registered by the CRO as a Special Purpose Company. A Special Purpose Company may only be established for the Purpose of a Transaction.
Amended (as from 19th October 2017). 2.1.2. [Deleted]
Deleted (as from 19th October 2017). 2.1.2. What are Special Purpose Company Activities?
Subject to the terms of its Licence, a Special Purpose Company may only carry out one or more of the Special Purpose Company Activities set out in Article 9 of the QFC Special Company Regulations.
Amended (as from 19th October 2017). 2.1.3. What is a Support Services Provider?
A Support Services Provider is a body corporate, partnership or limited liability partnership approved by the QFC Authority to provide Corporate and Administrative Services to a Special Company.
Amended (as from 19th October 2017). 2.1.4. What are Corporate and Administrative Services?
In relation to a Support Services Provider, Corporate and Administrative Services include:
(A) management and administrative services;(B) services as a registered agent, director or similar officer (including, where permitted, to provide the Senior Executive Function);(C) provision of a registered office, place of business or address; and(D) (D) any of the services above, and such other services as may be prescribed or directed from time to time by the QFC Authority.Amended (as from 19th October 2017).
QFC Legislation