3.1. Formation of special purpose companies
3.1.1. For section 13 (Formation of companies) of the AIFC Companies Regulations, a Person applying for the incorporation of a Special Purpose Company must be an Incorporator, a Company service provider or any law or accounting firm.
3.1.2. For section 13(4) of the AIFC Companies Regulations, an application for incorporation of a Special Purpose Company must also include confirmation from each Incorporator that the Special Purpose Company will only conduct ExemptActivities.
3.1.3. For section 13(4)(d) of the AIFC Companies Regulations, there is no minimum requirement for the initial share capital of a Special Purpose Company.
- 4.1. Shareholders and Shares