Cayman Islands Exempted Company Formation Guide

Basic Information

The Cayman Islands are an overseas territory of the United Kingdom in the Western Caribbean Sea comprising the islands of Grand Cayman, Cayman Brac, and Little Cayman. The latest population estimate of the Cayman Islands is about 45,000. The capital and major city of the Cayman Islands is George Town, which is located on the south-west coast of Grand Cayman. It is a global offshore financial services centre.

Advantages of Cayman Offshore Company

The benefits of registered Cayman company tax breaks, financial chips of assets held, international investment, the best choice for overseas listing.  A comprehensive view of advantage as follows:

(1) Cayman Islands no taxes, either do not levy any tax on individuals, companies or trust industry. Cayman Islands is known as a true tax haven.  The Cayman Islands in 1978 a royal decree, the decree is always exempted from the Cayman Islands tax obligations, and this Act continue to be valid.  The exempt company may also apply for a 20-year valid Exemption Certificate further to ensure its non-tax status.  Profit tax, property taxes, only the tax stamp duty on any transfer or mortgage of real estate must pay the stamp duty.

(2) No additional regulations have limited the development of trade.

(3) There is no foreign exchange controls, the funds can be flexible.

(4) End of the company type the name of the exempt company need not be LIMITED, (ie,” limited “)

(5) Confidentiality: Cayman tax relief and a natural right to enjoy exactly the same.  The exempt company must submit its annual report every year, but the annual inspection report need not disclose the company directors and members’ information.  In April 2001, the Cayman government issued new regulations require all companies to disclose the company is mainly responsible for members, beneficiaries and authorized information to the registered agent.  This provision applies to all new company; the registered company must provide the information within a certain period. Relevant information is considered commercially confidential, subject to the jurisdiction of the “confidential relationship maintenance.  Therefore, any disclosure of the information or attempt to obtain the information or the information obtained through illegal channels will violate the criminal law.

Basic Requirements

(1) A registered authorized capital: Standard authorized capital of U.S. $ 50,000

(2) Directors: must appoint at least one director, with any nationality, and with the natural or legal persons of any residence can be a director; directors of information must be disclosed to the Registrar of Companies, but the information will not be open for public investigation book

(3) Shareholders: must appoint at least one shareholder with a natural or legal persons can be of any nationality with any residence also served as directors and shareholders; just the information of shareholders filed with the registered agent

(4) Registered Agent: must appoint a Cayman company or individual (Cayman residency status) as the registered agent

(5) Registered address: must be in the Cayman Islands (which can be a PO Box)

(6) Cayman company registration conditions like the previous five main areas, if in doubt contact us for solution for you.

Company Kit

(1) Subscriber’s Resolutions; originator resolution book;

(2) Resolutions of the First Director; the first resolutions of the directors of the book;

(3) Resolutions of the Sole Director of the Company; Resolutions of the Sole, Director of the Company,; sole director resolutions books;

(4) Share Transfer; Share Transfer; share transfer books;

(5) Original copy of Certificate of Incorporation; Company registered the original registration certificate;

(6) A stamped Memorandum and Articles of Association (“M&A”); 6. A stamped Memorandum and Articles of Association (“M & A”); articles of association the original;

(7) Copies of M&A ; Copies of M & A; copy of the Articles of Association;

(8) Register of Members, Directors, Officers, Transfers and Changes; Register of Members, Directors, Officers, Transfers and Changes; members of the company / directors / staff register and the transfer of shares;

(9) A booklet of share certificates; A booklet of share certificates; equity certificate;

(10) Company seal and chop; Company seal and chop; Company Stamps and seals;

(11) Copy of Filing Schedule of Cayman Islands Companies.

Timeline

It takes 20-30 working days for the entire registration process.