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Cayman Islands Offshore Company FAQs

1. What is an Exempted Company?

Also called Company Limited by Shares, an exempted company in the Cayman Islands is a business entity that is entitled to carry out the business operations outside the zone of incorporation.

2. What are the different taxes exempted for offshore business in the Cayman Islands?

A Cayman Islands Offshore company is exempted for all kinds of taxes, including:
• Income tax
• Company/ corporate tax
• Inheritance tax
• Capital Gains
• Gift Tax

3. Are bearer shares allowed in the Cayman Islands?

No, an offshore company in the Cayman Islands can’t hold any bearer shares.

4. Is re-domiciliation allowed for offshore companies in the Cayman Islands?

Yes, an offshore company incorporated in the Cayman Islands holds the option of re-domiciliation.

5. What is the minimum deposit that a foreigner needs to maintain in the Cayman Islands corporate bank account?

The minimum deposit required to open a corporate bank account in the Cayman Islands is $100,000.

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