Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 111

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 10
Chunk 111
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D. Exchange Controls and Other Limitations Affecting Security Holders

Under the laws of the British
Virgin Islands, there are currently no restrictions on the export or import of capital, including foreign exchange controls or restrictions
that affect the remittance of dividends, interest or other payments to non-resident holders of our ordinary shares.

E. Taxation

The following is a general
discussion of the material U. S. federal income tax consequences of the ownership and disposition of the Class A Ordinary Shares and
Warrants (collectively, the “ Company Securities”).

This discussion is
based on provisions of the Code, the Treasury Regulations promulgated thereunder (whether final, temporary, or proposed), administrative
rulings of the IRS, and judicial decisions, all as in effect on the date hereof, and all of which are subject to differing interpretations
or change, possibly with retroactive effect. This discussion does not purport to be a complete analysis or listing of all potential U. S. federal
income tax considerations that may apply to a securityholder of the Company as a result of the ownership and disposition of the Company
Securities. In addition, this discussion does not address all aspects of U. S. federal income taxation that may be relevant to particular
holders nor does it take into account the individual facts and circumstances of any particular holder that may affect the U. S. federal
income tax consequences to such holder, and accordingly, is not intended to be, and should not be construed as, tax advice. This discussion
does not address the U. S. federal 3.8% Medicare tax imposed on certain net investment income or any aspects of U. S. federal
taxation other than those pertaining to the income tax, nor does it address any tax consequences arising under any U. S. state and
local, or non-U. S. tax laws, or, except as discussed here, any tax reporting obligations of a holder of the Company Securities. Holders
should consult their own tax advisors regarding such tax consequences in light of their particular circumstances.

No ruling has been requested
or will be obtained from the IRS regarding the U. S. federal income tax consequences discussed below; thus, there can be no assurance
that the IRS will not challenge the U. S. federal income tax treatment described below or that, if challenged, such treatment will
be sustained by a court.

This summary is limited to
considerations relevant to U. S. Holders that hold the Company Securities