Cayman Islands Company Formation
Cayman Islands Offshore Company Incorporation
The Cayman Islands, situated 480 miles south east of Miami, enjoy a semi tropical climate and contain a population of approximately 27,000 people of mixed origin. The Islands are a British Crown Colony. Her Majesty the Queen is represented by a Governor who is Chairman of both the Legislative Assembly and the Executive Council.
Cayman Islands Exempt Company Legislation
The principal corporate legislation is The Company Law of the Cayman Islands. This legislation is based on the English Companies Act (1948) and can be found in the Cayman Islands Companies Law of 1960 (amended).
The type of Company used for international business and investment is an Exempt Company.
Time to Incorporate
Under normal circumstances, Cayman Islands Exempt Companies can be incorporated/Registered in 4-5 working days.
Corporate Structure of a Cayman Islands EC
Confidentiality and Privacy
Capital Structure of a 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.
Financial Statements and Company Records
Meetings of CAYMAN ISLANDS Shareholder(s) and Director(s)
Doing business using a Cayman Islands Exempt Company
A Cayman Islands Exempt Company can carry out any legal business and/or investment activity worldwide, they may not offer bank, insurance or trust services without prior authorization from the Cayman islands Monetary Authority.
Generally Cayman Islands Exempt Company´s cannot do business with Cayman Island residents or corporations.
The BVI IBC incorporation package includes:
The name of a new company must not resemble a name of an existing company. The following words, and their associated activities, cannot be used: Assurance, Bank, Trust, Insurance, Chartered, Company Management, Mutual Fund, or Chamber of Commerce, unless the necessary licenses under relevant laws have been obtained.
There is no requirement to utilise a suffix to denote limited liability, although normally companies are incorporated using Limited, Corporation or Incorporates or the appropriate abbreviation thereof.