Section 6Part 10 — Transition
N ame convention
←→ Navigate · Click subsection badges to collapse · Press ? for help
Subject to subsection
, every limited liability company shall have a name which —
may, but need not, contain as a suffix the words “Limited Liability Company” or the abbreviation “L.L.C.” or “LLC”;
in the case of a limited liability company carrying on special economic zone business, shall include the words “Special Economic Zone” or the letters “SEZ”; and
may be preceded by or followed with a dual foreign name. ( 2 ) A limited liability company shall not be registered by or have a name which — ( a ) is identical with that by which a limited liability company in existence and registered under this Act or an exempted company is already so registered (except where the limited liability company or exempted company in existence i s in the course of being dissolved and has signified its consent in such manner as the Registrar requires) or, in the opinion of the Registrar, so nearly resembles that name as to be likely to mislead; ( b ) without the consent of the Registrar, contains any word or words (other than with respect to subsection (5)) that a company incorporated under the Companies Act (2025 Revision) would not be permitted to use in its name (either with or without the consent of the Registrar of Companies); or ( c ) in the opinion of the Registrar, suggests that the limited liability company is licensed whether in the Islands or elsewhere to carry on any type or class of business subject to the regulatory laws of the Islands when it is not so licensed or, because of any othe r reason, is likely to mislead.
A person may apply to reserve a specified name by —
filing with the Registrar (including by permitted electronic means) an application executed by the applicant specifying the name to be reserved and the name and add ress of the applicant; and
paying the prescribed application fee, and if the Registrar finds that the name is available for use by a limited liability company, the Registrar may reserve the name for the exclusive use of the applicant for a period of up to one hundred and twenty days.
On or before the expiry of the period for name reservation under subsection (3) the applicant may make further successive applications pursuant to subsection (3) to reserve the specified name.
Other than a company o r entity registered or to be registered pursuant to Part 9 of the Companies Act (2 02 5 Revision) , no company or entity incorporated or registered, or company or entity proposed to be incorporated or registered, under the Companies Act (2025 Revision) shall be permitted to contain in its name the words “Limited Liability Company” or the abbreviation “L.L.C.” or “LLC”, which words shall be deemed to be calculated to deceive, and the Registrar of Companies shall not issue a certificate of incorporation, certifi cate of incorporation on change of name, certificate of registration or certificate of registration on change of name under the Companies Act (2025 Revision) in respect of any such company or entity or proposed company or entity until such time as its name or proposed name has been amended so as to comply with the provisions of this subsection provided that it shall remain permissible for a company incorporated or registered under the Companies Act (2025 Revision) prior to the commencement of this Act to co ntinue to contain in its name the words “Limited Liability Company”, “L.L.C.” or “LLC”.
A limited liability company’s dual foreign name shall only be entered on the Register if its translated name conforms with the provisions of this section and if it does not so conform then that dual foreign name and that translated name shall not be entered on the Register.
If, through inadvertence or otherwise, a limited liability company on its first registration or on its registration by a new name or new tran slated name is registered by a name or a translated name which in any way contravenes this section or which, in the opinion of the Registrar, is misleading or undesirable, then the limited liability company may, with the sanction of the Registrar, change i ts name or its translated name as the case may be and shall, if the Registrar so directs, change its name or translated name within six weeks of the date of such direction or within such longer period as the Registrar may think fit.
A limited liability company which defaults in complying with a direction under subsection (7) is liable to a fine of two hundred dollars for every day during which the default continues.