Cayman Islands Company Formation

Worldwide Incorporation Services specializes in Cayman Islands company registration and opening bank accounts.

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Jurisdictions >> Setting Up A Cayman Islands Company

Cayman Islands Company. Cayman Islands Company Formation. Advantages of Cayman Islands Offshore Company

Worldwide Incorporation Services specializes in Cayman Islands Company Registration and opening bank accounts.

Cayman Islands – General Information

Cayman Islands Company

Location: Caribbean, three-island group (Grand Cayman, Cayman Brac, Little Cayman) in Caribbean Sea, 240 km south of Cuba and 268 km northwest of Jamaica.
Area: total: 264 sq km, land: 264 sq km, water: 0 sq km.
Natural resources: Fish, climate and beaches that foster tourism.
Population: 58,441, most of the population lives on Grand Cayman (July 2017 est.).
Capital: George Town (on Grand Cayman).
Time Zone: UTC−5.
Languages: English (official) 90.9%, Spanish 4%, Filipino 3.3%, other 1.7%, unspecified 0.1% (2010 est.).
Government type: Parliamentary democracy (Legislative Assembly); self-governing overseas territory of the UK.
Legal system: English common law and local statutes.
International organization participation: Caricom (associate), CDB, Interpol (subbureau), IOC, UNESCO (associate), UPU.
Economy: With no direct taxation, the islands are a thriving offshore financial center. More than 65,000 companies were registered in the Cayman Islands as of 2017, including more than 280 banks, 700 insurers, and 10,500 mutual funds. A stock exchange was opened in 1997. Nearly 90% of the islands’ food and consumer goods must be imported. The Caymanians enjoy a standard of living comparable to that of Switzerland.
Tourism is also a mainstay, accounting for about 70% of GDP and 75% of foreign currency earnings. The tourist industry is aimed at the luxury market and caters mainly to visitors from North America.
Currency: Caymanian dollar (KYD).

Cayman Islands Company – Overview

Advantages of Cayman Islands Company

  • Exemption from all local taxes and stamp duty
  • Maximum confidentiality and anonymity
  • Ease of operation, maintenance and control
  • Asset security
  • No disclosure or minimum capital requirements
  • A minimum of one shareholder is required for a Cayman Islands company registration
  • A minimum of one director is required for a Cayman Islands company registration
  • Excellent and flexible post-incorporation follow-up services
  • No statutory requirement to hold annual general meetings

Cayman Islands Company Formation. Legislation

Principal Corporate Legislation

The Companies Laws 2007 as amended.

Type of Law

Common.

Language of Legislation and Corporate Documents

English.

Type of Company for International Trade, Investment & Tax Planning

Cayman Islands Exempted Company.

Cayman Islands Company

Share Capital

Standard authorised share capital is US$50,000. Minimum paid up share capital is US$1.

Classes of Share Available

Registered shares of no par value, preference shares, redeemable shares and shares with or without voting rights.

Bearer Shares

Not permitted.

Restrictions on Trading

Cayman Islands Offshore Company cannot trade within the Cayman Islands. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.

Registered Agent Required

Each Cayman Islands Company must have a Registered Agent in the Cayman Islands.

Registered Office Required

Each Cayman Islands Company must have a Registered Office in the Cayman Islands, provided by a licenced service provider.

Directors

A Cayman Islands Company requires a minimum of one director. Director can be of any nationality and need not be resident in the Cayman Islands. Corporate directors are permitted.

Shareholders

A Cayman Islands Company requires a minimum of one shareholder.

Publicly Accessible Records

No.

Nominee Shareholders and Nominee Directors

Allowed.

Location of Meetings of Directors and Shareholders

Anywhere.

Personal Presence Required

No.

Taxation

Nil.

Double Taxation Treaty Access

None.

Requirements to File Accounts

None.

Requirement to File Annual Return

None.

Audit Requirements

None.

Currency

Cayman Islands Dollar (KYD).

Exchange Control

None.

Time required for Cayman Islands Company Formation

Two days.

Cayman Islands Company Formation – Name of a Company

Language of Name

English.

Restricted Words

Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.

Name of a Cayman Islands Offshore Company

The words “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anonima” or Ltd, Corp., Inc., S.A. must be part of the name of every Cayman Islands offshore company.


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Cayman Islands Company Registration – International Packages


Packages

COMPARE PACKAGE FEATURES

Corporate Consultancy

Name Check

Initial Approval

Preparation of Application Documents

Drafting and Filing of M&A with the Registry

Company Registration

Incorporation Service Fee

Registered Office Address for 1 Year

Registered Agent’s Service Fee for 1 Year

Company Secretarial Services for 1 Year

Certificate of Incorporation

First Minutes of the Director’s Meeting

Consent to Act as Director

Minutes of the Organizational Meeting of Incorporator

Memorandum of Association

Articles of Association

Register of Directors & Officers

Registers of Shareholders

Share Certificate

Resolution Issuing Share Certificate

Company Stamp

Daily Update Regarding The Full Process

Apostilled Set for International Use (Certificate of Incorporation, M&A, Registers, First Minutes)

Provision of a Corporate or Individual Director for 1 Year

Power of Attorney with Apostille

Resolution issuing Power of Attorney

Confidential Shareholder Service for 1 Year

Declaration of Trust


BASIC

USD 2490

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STANDARD

USD 2990

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PREMIUM

USD 3990


 

Need Help Choosing the Right Package?

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Why Choose Worldwide Incorporation Services?
  • We’ve been helping business owners since 1998
  • Incorporating your business is our focus
  • We make a complex process fast and easy
  • We work closely with Cayman Islands Companies Registry to guarantee our service

Cayman Islands Company Formation – Office Addresses

 

Services related Cayman Islands Companies | Cayman Islands Company Registration

Worldwide Incorporation Services provides the following services related Cayman Islands Company Formation:

  • Cayman Islands Company Registration
  • Cayman Islands Corporation
  • Registered Office and Agent Services in the Cayman Islands
  • Company Secretarial Services
  • Nominee Shareholder / Nominee Director
  • Opening of Bank Accounts in the Cayman Islands
  • Full Cayman Islands Company Administration Services
  • Mailing Address in the Cayman Islands
  • Trademark Registration

Interested in Cayman Islands Corporation?


Worldwide Incorporation Services | Cayman Islands Company | Cayman Islands Company Formation

 

Free Initial Consultation
Call to any of our offices for your free initial consultation.


How to proceed
To register a corporation in the Cayman Islands please contact one of our offices or submit an online enquiry.

GET YOUR BUSINESS STARTED IN THE CAYMAN ISLANDS

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Tags: Setting Up A Company In the Cayman Islands | Setting Up A Cayman Islands Company | Setting Up A Company In Cayman Islands | Cayman Islands Corporation | Cayman Islands Company Register | Freezone

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