Nil or Low Corporate Tax
Business confidentiality
Minimum Reporting
Instant Company Incorporation
Tax Exemption for 20 Years
Company Type |
Limited Company registered under Exempted Status |
---|---|
Taxation |
No tax |
Company name Suffix |
Limited, Corporation, Incorporated, Societe Anonyme, Sociedad Anonima |
Restricted Words |
Assurance, Bank, Royal, Trust Company, Trustee Company |
Legislation |
Modern Offshore Legislation |
Governing Authority |
Cayman Islands Monetary Authority Companies registered under the Companies Law |
Standard Currency |
US$ |
Bearer Shares |
Allowed |
Minimum number of Directors |
One |
Minimum number of Shareholders |
One |
Presence of Company Secretary |
Not mandatory |
Transfer tax |
No |
Authorized Capital |
No minimum capital |
Accounting and Audit Requirements |
Yes |
Availability of Shelf Companies |
Yes |
Personal Presence is Required |
No |
Location of the meeting |
Anywhere in the world |
Nominee Directors and Shareholders |
Allowed |
Investment Funds
Financial Services
Science and Tech Firms
Maritime Services
Aviation Services
Consultants
Traders
E-Commerce
The minimum share capital required to incorporate an offshore company in the Cayman Islands is US$1.
The list of restricted business activities for a Cayman Islands offshore company includes:
● Banking
● Insurance
● Assurance
● Fund management
● Trust management
● Trusteeship business provision
The different types of shares available in the Cayman Islands include:
● Registered shares of no-par value
● Preference Shares
● Redeemable Shares
● Shares with voting rights
● Shares without voting rights
The different types of business entities in the Cayman Islands include:
● Exempted company
● Exempted Limited Duration Company (ELDC)
● Exempted Limited Partnership (ELP)
● Ordinary Non-Resident Company
● Segregated Portfolio Company (SPC)
Yes, Cayman Island provides the flexibility to an individual/ corporate body to act as a director and a shareholder.
*Duration is subject to the constraints of the due diligence procedure.
**The required documents must be provided for every individual related to the company.
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