• 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).