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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.
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Cayman Islands Offshore
Company Formation - Requirements
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DIRECTOR:
Minimum of one Director. Corporations are permitted. |
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SECRETARY:
A Secretary is necessary. |
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SHAREHOLDER:
Minimum of one Shareholder. Corporations are permitted. |
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Shareholder(s), secretary
and director(s) may be the same. |
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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. |
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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
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Status of the company: Cayman Islands
Exempt Company. |
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Incorporation of Cayman Islands company
takes 5-6 working days. |
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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. |
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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. |
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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. |
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The object of the Company is to engage
in any act or activity that is not prohibited under any law. The
Company can not carry on business with companies or individuals
resident in Cayman Islands. |
Cayman Islands Incorporation
Package Includes |
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Certificate of Incorporation, |
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Memorandum and Articles of Association, |
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Appointment of the First Director, |
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Registered Office service to December
following incorporation, |
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Registered Agent service to December
following incorporation, |
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First year Government fees, |
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Share certificates, |
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The complete corporate package is
delivered by express courier. |
Incorporation Fees For Standard Cayman Isl.
Company Formation |
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Government fee - USD
575.00 |
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Registered office - USD
550.00 |
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Registered agent - USD
550.00 |
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Incorporation fee - USD
1225.00 |
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Total cost of incorporation - USD
2900.00 |
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Next year fees: USD 1775.00 |
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