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Cayman

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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
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