s.5Requirement for registered agent
5
Section 5Part 0 —

Requirement for registered agent

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Subject to section 17, only a registered agent may transact business with the Registry under this Law.
A person legally and ordinarily resident in the Islands or a firm of attorneys-at-law desirous of being recognised as a registered agent may apply in writing to the Registrar and the Registrar shall determine the application in accordance with the regulations made under section 21.
An application under subsection (2) shall be accompanied by the processing fee specified in the Schedule.
A registered agent shall pay the registered agent annual fee specified in the Schedule.
For the purpose of this section, legal and ordinary residence is determined in accordance with the Immigration Law (2010 Revision).

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