Can the nature of business be changed?

The nature of business can be changed by resolution.  The Registrar should be notified of such changes:

Companies without a licensed CSP as registered office: Update in CBP when filing annual returns

Companies with Licensed CSP as registered office: Update in CAP

2023-11-10T12:59:10-05:00February 27th, 2023|

How do I register a company on CBP?

Ensure that you have the following before proceeding to register a company on CBP:

  • – Fully executed Memorandum of Association
  • – Fully executed Articles of Association
  • – Completed the sections in CBP for all persons and entities who are directors, officers, shareholders of the company
  • – Nature of the business
  • – Debit/credit card
2023-11-10T12:55:40-05:00February 23rd, 2023|

I need to file my annual returns on CBP. How do I proceed?

Before you can file your annual return you must first file the beneficial ownership information and wait for approval from the Registry.

    • On the “dashboard”, click on “Service”
    • Select “Annual Return” from the drop-down box
    • Click on “New Service”.
    • Once that smart form opens up to the top left you will see “Filing Year” select the year you need to file. The outstanding fee will automatically populate “Annual Fee Due”
    • Populate all fields noting that those with the “*” are mandatory:
      • “Email”
      • “Name of Person Making Declaration”
      • “Position”
      • “Shareholder Meeting Date
      • “Shareholder Meeting Location” (that can just be the district it was held in)
      • Address of the company (including PO Box) which can be selected from the dropdown box
      • List of all persons who were members of the Company on the fourteenth day succeeding the first General meeting. If this is not automatically populated click on “Add
      • then enter the first 3 to 4 letters of your name
      • click on “Search”.
      • Once the name appears, on the extreme right click on “+” and another window will appear.
      • Click on the dropdown boxes and autofill them
        •  “Identification”
        • “Postal address”
        • “Physical address”
    • On the right there are 3 boxes, select the one/s that is applicable to each individual. Then populate

      • “% of Share”
      • “Start Date”
      • “End Date” (ONLY if the individual ceased being a shareholder before the 1st of January of the annual return year.). If that is the case then also add that person under *Persons who have ceased to be Members since the last return****Please note this is done for each “Shareholder” on the entity
  • Directors & Officers

    • – Click on “Add” similar to the procedure to add the “Shareholders”.  DO NOT enter an “End date” unless the individual ceased being a director/officer before the 1st of January of the annual return year.

    Complete ALL three (3) questions at the bottom selecting all that apply to your business.


    • SAVE

To retrieve documents filed or requested through CBP please go to “Documents Received” on the portal.

2023-11-10T12:56:09-05:00February 22nd, 2023|

On CBP, what is “% of Share”

The “% of Share” is the amount of that shareholder’s shares divided by the “Amount of shares taken to date” multiplied by 100.

2023-11-10T12:57:53-05:00February 21st, 2023|

How do I make the beneficial owner (“BO”) filing (First Time) on CBP?

Ensure that the profile is already created then proceed to file:

  • Go to the dashboard
  • Go to “Service” click on the dropdown box and select “Beneficial Owners” from the list
  • Then select “New Service Request”

The window with Beneficial Owners will open.  Populate:

  • ‘Amount of shares taken to date
  • To the left half way down the page click “Add”. Another window will appear.
  • Then enter the first 3 to 4 letters of the beneficial owner’s name – DO NOT ADD ANYTHING ELSE
  •  click on “Search”
  •  Once the relevant name appears to the extreme right click on “+” which will take you to another window.
  •  Click on the dropdown boxes “Identification”, “Postal address” and “Physical address” and autofill them

On the right there are 3 boxes:

  • Select the one/s that are applicable to each individual/business
  • Populate “% of Share”
  • Enter “Start Date” (NEVER enter “End Date” unless the individual is no longer a shareholder

***Please note this is done for each “Shareholder” on the entity

  • Click “Submit Now”
  • Repeat the process for each BO
2023-11-10T12:56:59-05:00February 21st, 2023|

Who is a beneficial owner?

A beneficial owner:

  • Holds, directly or indirectly, more than 25% of the shares or voting rights in the company;
  • Or has the right to appoint or remove a majority of the company’s board of directors.
  • If no individual in the company meets those conditions, the beneficial owner is the person who (directly or indirectly) has significant influence or control over the company, through either direct or indirect ownership. This does not apply if such control is solely in the capacity of a manager, director or