Cayman Islands
General 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.
Cayman Islands Offshore Company Formation - Requirements
DIRECTOR: Minimum of one Director. Corporations are permitted.
SECRETARY: A Secretary is necessary.
SHAREHOLDER: Minimum of one Shareholder. Corporations are permitted.
Shareholder(s), secretary and director(s) may be the same.
SHARES & CAPITAL: The standard share capital is USD 50,000.00 divided into 50,000 shares of USD 1.00 each. Shares can be issued with or without par value. Bearer shares are permitted but must be held by an authorised or recognised custodian as approved by the Cayman Islands Monetary Authority.
NAME OF THE COMPANY: Must end with one of the following suffixes: Limited or Ltd.; Corporation or Corp.; Incorporated or Inc.
Other Information About Cayman Islands Offshore Companies
Status of the company: Cayman Islands Exempt Company.
There are no taxes in the Cayman Islands on income, capital gains, profits, dividends, investments or capital transfers. The company receives a twenty year guarantee against taxation from the Cayman Islands Government, which may be extended to thirty years on application.
There is no requirement to file accounts with the Cayman Islands Registrar. However, an annual return must be filed. The return takes the form of a simple declaration.
The Cayman Islands incorporation documents do not carry the name or identity of the shareholder(s). The names of directors and officers are submitted to the Registrar of Companies but are not available to the public.
The object of the Company is to engage in any act or activity that is not prohibitedunder any law. The Company can not carry on business with companies or individuals resident in Cayman Islands
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.
Cayman Islands Offshore Company Formation - Requirements
DIRECTOR: Minimum of one Director. Corporations are permitted.
SECRETARY: A Secretary is necessary.
SHAREHOLDER: Minimum of one Shareholder. Corporations are permitted.
Shareholder(s), secretary and director(s) may be the same.
SHARES & CAPITAL: The standard share capital is USD 50,000.00 divided into 50,000 shares of USD 1.00 each. Shares can be issued with or without par value. Bearer shares are permitted but must be held by an authorised or recognised custodian as approved by the Cayman Islands Monetary Authority.
NAME OF THE COMPANY: Must end with one of the following suffixes: Limited or Ltd.; Corporation or Corp.; Incorporated or Inc.
Other Information About Cayman Islands Offshore Companies
Status of the company: Cayman Islands Exempt Company.
There are no taxes in the Cayman Islands on income, capital gains, profits, dividends, investments or capital transfers. The company receives a twenty year guarantee against taxation from the Cayman Islands Government, which may be extended to thirty years on application.
There is no requirement to file accounts with the Cayman Islands Registrar. However, an annual return must be filed. The return takes the form of a simple declaration.
The Cayman Islands incorporation documents do not carry the name or identity of the shareholder(s). The names of directors and officers are submitted to the Registrar of Companies but are not available to the public.
The object of the Company is to engage in any act or activity that is not prohibitedunder any law. The Company can not carry on business with companies or individuals resident in Cayman Islands
