A tax incentive benefit certificate granted under this subchapter may be transferred, for the unexpired portion of the term of the certificate to another international financial services entity which succeeds the beneficiary in carrying on or in operating the industry or business for which the certificate is granted, upon determination of the Board that such international financial services entity is otherwise qualified to receive such benefits and that the industry or business activity with respect to which the certificate was granted is continued by the international financial services entity. Thereafter the transferor of the certificate loses all tax incentive benefits under this subchapter and is subject to the tax laws of the Virgin Islands.