Section 29: (1) Subject to paragraph (2), the income of a corporation issued with
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
29. (1) Subject to paragraph (2), the income of a corporation issued with
a Global Headquarters Administration Licence on or after 1 September 2016
licensed by the Financial Services Commission established under the Financial
Services Act, provided that—
(a) the income is derived from activities covered under that licence; and
(b) the corporation satisfies the conditions—
(i) of minimum employment; and
(ii) relating to the substance of its activities,
as specified by the Financial Services Commission.
(2) The exemption shall be for a period of 8 income years as from the income year in which the corporation was granted its licence.