Company Formation in Cayman Islands
Leading international financial centres
Home to the world’s 50 largest banks
Cayman Islands offshore company formation
Cayman Island Exempted Company
Cayman LLC
– Advanced commercial setting with a wide range of services
– A financial services hub of international reputation
– An overseas British dominion known for its political and economic stability
– No corporate, property, capital gains, or withholding taxes;
– A strong regulatory framework overseen by the Cayman Islands Monetary Authority (CIMA).
Company Registration in Cayman Islands is perfect for:
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Four Easy Steps To Register A Company In Cayman Islands
- Since this is the highest amount allowed by law for the minimal government charge, the authorised share capital will be registered as US$50,000.
- English signatures of each shareholder, beneficial owner, and director on a notarized passport.
- Each director’s and shareholder’s residential address must be verified by notarized document (must be in English). If not, a certified translation of the original document and a notarized copy).
- English letter of recommendation from a bank or an experienced lawyer or accountant
FAQs
After completing The Compliance’s criteria. The Registrar of Companies receives the incorporation papers that are submitted by the exempted company. Within 4-6 working days following filing, the Registrar of Companies will provide a Certificate of Incorporation.
Certified copies of the entity’s charter documents and registers (if appropriate) are needed. Individuals must provide identification documentation, address verification, and a letter of recommendation from a reputable source.
- A lawyer’s certification or a notary public’s notarization can be applied to a passport or utility bill.
- For address verification, a recent English utility bill from the previous three months or a bank statement will do. If it isn’t in English, you’ll need to get a certified translation.
- A professional (such as a lawyer, a CPA, or a banker) may provide a reference letter. The referee must have known the person for at least two (2) years.
It is not necessary to have local directors and shareholders for setting up a Cayman Islands exempted company. The entity should have at least one director in the company
The usual authorized share capital is US$ 50000 with par value US$ 1. There is no minimum paid up required to set up the company.
Regarding the perception of the industry, the Cayman Islands have an advantage.
Local professional firms have a plethora of experience.
The jurisdiction is so developed that you may be sure to find the expertise for the majority of financial company operations.
The Registrar must be informed of the company’s beneficial owner’s details, but it must never be made public. Nobody will be able to access your private information.
The Cayman Island operate an alternative tax regime. There is no income tax, company or corporation tax, inheritance tax, capital gains or gift tax in the Cayman Islands.
In the Cayman Islands, yearly returns must be filed.
Corporations are not required to disclose financial documents with their yearly filings, nevertheless. Corporations are not required to disclose financial documents with their yearly filings, nevertheless.