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59 chapters · 1,237 sections in this title.
11 GCA § 78101 Foreign Sales Corporation Defined
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(a) A Foreign Sales Corporation or FSC for the purposes of this Chapter is an entity incorporated in Guam which is a FSC as defined in §922(a) of the Internal Revenue Code as the same may be amended from time to time. (b) A small FSC is a FSC which is also a small FSC as defined …
11 GCA § 78102 FSC License Requirements
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Before any person or entity may operate a FSC in Guam, a written license issued by the Director of Revenue and Taxation shall be obtained. A Guam FSC license shall be issued provided the applicant meets the following requirements: (1) It is duly incorporated under the laws of the…
11 GCA § 78103 FSC License Term
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The Director shall issue a Guam FSC license to the applicant provided the applicant fulfills the requirements set forth in § 78102 of this Chapter. The license issued shall be for a term expiring December 31, 2026, subject to the condition that the licensee shall pay an annual li…
11 GCA § 78104 FSC: One License Only Required
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So long as the business activities of the FSC are conducted solely for the purpose of earning foreign trade income as that term is defined in 12 GCA §2431(b), no business license other than the Guam FSC license shall be required with respect to earning such foreign trade income a…