Cayman

The Cayman Islands consist of a group of three islands ,situated approximately 500 miles South of Miami, Florida in the Caribbean Sea. The Cayman Islands are a British Colony with the United Kingdom passing ligislation. The islands are a flourishing financial offshore centre and have a strong economy enjoying full employment.

• Currency: The Caymanian Dollar
• Language: The official language is English
• Type of law: Common Law
• Type of company: Exempt
• Principal Corporate Legislation: The Company Law is based on the English Companies Act of 1948 and can be found in the Cayman Islands Companies Law (2007 revision); Companies Law (2009) revision and Companies (Amendment) (No.2) Law 2009
• Uses: Commercial and trading activities, subject to trading restrictions as below
• Trading Restrictions: Companies cannot trade or own real estate in the Cayman Islands. Trading cannot be associated with banking, insurance or mutual funds, unless licensed.
• Company Name: Restriction: Cannot be in conflict with pre-existing company. Any name that in the opinion of the Registrar is undesirable or suggest an illegal activity or any name that may imply government patronage.
• Language: Any languages using Latin alphabet. Chinese or Arabic is acceptable with translation.
• Suffixes: Limited, Corporation, Incorporation or their abbreviations. 
• Language of legislation and corporate documents:  English
• Taxation: No tax on offshore profits
• Annual license fee: USD 832 for share capital under USD 50.000
•                                USD 1.098 for share capital over USD 50.000
•                                USD 2.298 for share capital over USD 1m up to 2m
•                                USD 3.010 for share capital over USD 2m  
• Double Tax Treaty Network: The Cayman islands is not party to any Double Taxation Agreements.
• Registered agent/office: A registered office must be maintained within the Cayman Islands and there must be a Cayman resident appointed as an agent.
• Shareholders: Minimum number: One
• Publicly accessible records: No
• Register of Shareholders: Must be kept at the Registered Office 
• Disclosure of Beneficial Owner: Not publicly available
• Directors: Minimum: One
• Can be corporate or natural person
• Nationality: No restriction
• Publicly accessible records: No
• Location of meetings: No restriction
• Secretary: Local or qualified: No restriction
• Share capital: Permitted currency: Any
• No minimum or maximum capital requirement
• Only nominative/registered shares are allowed 
• Bearer shares: Not allowed
• Annual Reporting: There is no requirement to file accounts but an annual return in the form of a sample declaration must be submitted