12 GCA § 58106: Qualifying Certificate: Issuance of.

A Qualifying Certificate may be issued by I Maga’hågan/Maga’låhen Guåhan upon the recommendation of the Authority to any applicant that proposes to engage in an eligible business, or to any applicant stockholder of such corporation holding a Qualifying Certificate, and said corporation may be either a Guam corporation or a duly organized “possessions corporation” limited to doing business in Guam, as such “possessions corporation” is defined under Federal income tax laws and regulations. Each Qualifying Certificate shall specifically identify on its face each activity of the Beneficiary which is entitled to the tax rebates or abatements set out in the Qualifying Certificate.