Antigua and Barbuda Merchant Shipping (Amendment) Act 2002 (No. 19 of 2002)

[ L.S.] I Assent, James B. Carlisle, Governor-General. 20th February, 2003. ANTIGUA AND BARBUDA No. 19 of 2002 AN ACT to amend the Antigua and Barbuda Merchant Ship ping Act, Cap. 28. [ 6th March, 2003 J ENACTED by the Parliament of Antigua and Barbuda as follows !. Antigua and Barbuda Merchant Shipping (Amendment) Short title. Act 2002. 2. Section 9 of the Antigua and Barbuda Merchant Shipping Amendment of Act is amended as follows - section 9. (a) by the repeal of paragraphs (a) and (b) of subsec tion (2) and the substitution of the following "(a) established under and subject to the laws of Antigua and Barbuda or registered as an ex Cap. 28. ternal company under the Companies Act; No. 18 of 1995. No. 18 of 1995. (b) it has its principal business in Antigua and Barbuda or appoints a resident agent in Antigua and Barbuda." (b) by the repeal of paragraph ( iii) of subsection ( 4) and the substitution of the following "(iii) the owner of the vessel is qualified for, se cures and maintains registration in Antigua and Barbuda as a foreign maritime trust or corpo ration or other legal entity and where he ei ther maintains at all times an operating office in Antigua and Barbuda or appoints a resident agent." (c) by the insertion after subsection (4) of the follow ing "( 5) The owner of any ship which is regis tered as an external company under the Com panies Act and secures and maintains regis tration of that ship in Antigua and Barbuda shall be exempted from the payment of income tax, capital gains tax and any other direct tax or impost that may be levied or collected in Antigua and Barbuda in respect of his ship ping business for fifty years." Passed the House of Representatives this 18th day of December, 2002. Passed the Senate this 3rd day of January, 2003. B. Harris, Speaker. S. Walker, Clerk to the House of Representatives. M. Percival, President. S. Walker, Clerk to the Senate. ANTIGUA AND BARBUDA ANTIGUA AND BARBUDA MERCHANT SIIlPPING (AMENDMENT) ACT 2002 ARRANGEMENT OF SECTIONS Sections I. Short title. 2. Amendment of section 9.