Application for registration

(1) Every application for the registration of any premises as a timeshare accommodation, (a) shall be made in writing to the Registrar; (b) shall be made in such form as may be provided by the Registrar for that purpose; (c) shall contain the particulars and information required by that form; (d) shall be accompanied by a detailed development plan showing the timeshare accommodation, time-share units, timeshare property and common property in diagrammatic form; 13 (e) shall be accompanied by an approval of the Department of the Environment; (f) shall be accompanied by a copy of any approved enterprise status granted pursuant to the Fiscal Incentives Act, Cap. 54 or under any other law; (g) shall, in the case of, (i) a company, be accompanied by the company’s memorandum and articles of association and certificate of incorporation; or (ii) any other entity, be accompanied by a certificate of registration, or such other information as the Registrar may require; (h) shall be accompanied by a written outline of the timeshare plan and all other timeshare documents available to the developer; (i) shall be accompanied by such documents as the Registrar may specify in Regulations made for that purpose; (j) shall be accompanied by a non-refundable, one-off administrative application fee of one thousand dollars payable to the Board; and (k) shall be signed by the developer or an agent authorized to do so by the developer in writing. (2) An applicant for registration of any premises as a timeshare accommodation shall, before the registration is made, satisfy the Board of his financial ability to complete the required development for the timeshare accommodation with all the requirements necessary for the operation of the timeshare accommodation and whether such development consists of the construction of a new building or the conversion of an existing building. (3) The Minister may, by Order published in the Gazette, vary the fee payable under subsection (1) (j) of this section.