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Name reservation is optional. It is done online at www.companies.org.ls. The payment can be done online by credit card or by a cash or debit card deposit at OBFC (the steps are documented for the cash deposit's scenario).
The name reservation is valid for 60 days. The reserved name will be used by the applicant when the company is actually incorporated.
The name must include "Proprietary limited" ("PTY LTD") for a private company,"Limited" ("LTD") for a public company and "Proprietary" ("PTY") for a non-profit company.