Need help? Please, contact us
Contact us

THE MAIN CHARACTERISTICS OF CAYMAN ISLANDS COMPANY

GENERAL
Type of entity
Exempt
Type of law
Common
Shelf company availability
Yes
Our time to establish a new company
2 days
Corporate taxation
0 %
Double taxation treaty access
Yes, not numerous
SHARE CAPITAL OR EQUIVALENT
Standard currency
KYD
Permitted currencies
Any
Minimum paid up
KYD 1
Usual authorized
KYD 50,000
DIRECTORS OR MANAGERS
Minimum number
One
Local required
No
Publicly accessible records
Yes
Location of meetings
Anywhere
SHAREHOLDERS OR MEMBERS
Minimum number
One
Publicly accessible records
No
Location of meetings
Anywhere
COMPANY SECRETARY
Required/Local or qualified
No / No
ACCOUNTS
Requirement to prepare
Yes
Audit requirements
No
Requirement to file accounts
No
Publicly accessible accounts
No
RECURRING GOVERNMENT COSTS
Minimum Annual Tax/Licence Fee
Varies
Annual Return Filing Fee
Varies
OTHER
Requirement to file annual return
Yes
Change in domicile permitted
Yes
Requirement to file accounts
No

INTEREST OF THE JURISDICTION

Advantages of a company in Cayman Islands

  • No corporate tax – 0%.
  • Well-developed banking and legal infrastructures.
  • Well known centre for Hedge Funds.
  • No publicly accessible records for Directors and Shareholders.
  • Speedy incorporation time.

Possible disadvantages of a company in Cayman Islands

  • Well-developed banking and legal infrastructures.
  • Well known centre for Hedge Funds.
  • No publicly accessible records for Directors and Shareholders.
  • Speedy incorporation time.

PRESENTATION OF JURISDICTION

The Cayman Islands are composed by three islands in the Caribbean. The main island, Grand Cayman, is located about 1150 km south of Florida.
The Cayman Islands became a British possession in 1972, with its Governor appointed by the Queen of England to direct the island government a part of British Territory. It has been since operating as offshore centre. The dynamic economy of Cayman Islands’ specializes in financial services and tourism. The islands have direct air links with major cities all over the world.

The experience and financial structures of the Cayman Islands’ have made it top global offshore centre. Still the question that many our clients put us: “Is this beneficial for me?”.

HOW TO
PROCEED

To incorporate or purchase a company the following documentation should be provided:

01

A completed application form signed by the company or by the representative

03

A personal bill, which is less than 3 months old from the date of the application

02

Copy of valid passport

04

Payment of our fees

Note: additional documents may be required depending on the certain offshore bank.

Set-up time: From the moment, we are in possession of all required documents:

3 days

Incorporation of
a company or purchase
of an existing company

15 days

Delivery of the original
company documents

3 weeks

Offshore Bank: offshore
bank account opening