Legislation – Cayman Islands Companies Law 1960, as amended.
Company name - A company name must end with Limited, Corporation, Incorporated, Société Anonyme, Sociedad Anonima or an abbreviation thereof.
Time-scale for incorporation - 3 to 5 days.
Disclosure of beneficial owners prior to incorporation is NOT required.
Double tax treaties – No agreements signed as yet.
Ready-made companies are available.
Other corporate or partnership forms - Companies limited by guarantee and having a share capital, limited partnerships, and limited duration companies.
Money laundering legislation is in existence.
Local Requirements
Registered Office and Registered Agent must be maintained.
Company Secretary is not required but advisable. May be a natural person or corporate body in any country.
Public recording of shareholders and directors are not required.
Accounts are not required for public filing.
Corporate Requirements
Minimum number of shareholders - One (1). Registered agent must subscribe to the Memorandum and Articles on incorporation.
Minimum number of directors - One (1). May be an individual or corporate body in any country.
Minimum capital requirement – US$1.00
Standard Authorised Capital – US$50,000
Bearer shares are permitted, nut not advisable.
Corporate Directors are permitted.
Annual Requirements
Annual return and annual statutory meetings are required.
Statutory accounting is not required.
Annual license fee Schedule:
US$575 for share capital under US$50,000; US$805 for over US$50,000 to US$1M; US$1,690 for over US$1M up to US$2M; and US$2,400 for over US$2M.
