Cayman

General Information

The Cayman Islands are a British Overseas Territory which comprises three islands in the Caribbean Sea. The financial services sector is one of the main industries in the Cayman Islands, and there is a substantial commitment to the continued development of the offshore financial services industry.

The reputation and popularity of the Cayman Islands have increased significantly, particularly in Asia, as it is one of only two offshore centres approved by the Hong Kong Stock Exchange for public listing in the Hong Kong bourse. The Cayman Islands established its own Stock Exchange in 1997.

Cayman Islands Offshore Company cannot trade within the Cayman Islands. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.

Restricted Words

Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.

Name of a Cayman Islands Offshore Company

The words “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anonima” or Ltd, Corp., Inc., S.A. must be part of the name of every Cayman Islands offshore company.

Formation fees

$99

Starting From
  • Company formation
  • Hong Kong Correspondence address

Formation fees

$99

Starting From
  • Name check and approval
  • Filling the incorporation documents with the Registrar of Companies
  • Government fees
  • Provision of registered agent and registered address for one year
  • Provision of company secretary for one year
  • Rubber stamp

Bank Account Opening

$99

Starting From

Characteristic Of Cayman Company

General
Type of entity Cayman exempted company
Shelf company availability Yes
Registered address Registered office address of trust company
Authorized capital / Minimum paid up US $1
Types of shares allowed Registered shares of no par value, preference shares, redeemable shares and shares with or without voting rights.

 

Authorized shares  US $50,000
Taxation  0%
Redomiciliation Yes
Public accessible records ? No
Director
Minimum number of Director 1
Local director requirement No
Location of meeting Anywhere
Shareholders
Corporate shareholder allowed? Yes
Minimum number of shareholder 1
Liability of shareholders Limited
Nominee shareholder allowed? Yes
Operation requirement
Annual return filing requirement Yes
Tax filing requirement No
Accounting records requirement Yes
Audit requirement No

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