FAQs For Cayman Islands Offshore Company

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.

About Us

Business Setup Worldwide is a business consultancy firm specializing in providing expert guidance and support to establish offshore companies in Belize. Our experienced professionals offer tailor-made solutions that will cater to your business requirements. We provide services such as Company Incorporation, Tax Planning, and Ongoing Compliance Support for establishing and expanding your offshore business. By choosing Business Setup Worldwide you can trust that you will receive service delivered promptly and without any hassle.

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