The Cayman Islands consists of a group of three
islands in the Caribbean lying approximately 480 miles south of
The details of the beneficial owners are not
required to be disclosed.
There are no exchange control regulations of
any type in the Cayman Islands.
Shelf companies are available. It takes about
a week to incorporate an exempt company. Following are some basic
requirements for Cayman Islands Exempt companies:
Any name that has already been incorporated,
or a name that is so similar as to cause confusion is not permitted.
Share Capital /
The common authorised capital is US$50,000 divided
into 50,000 common voting shares of US$1. The minimum authorised
and issued capital is one share of no par value or one share of
par value. Bearer shares are permitted.
The minimum number of shareholder is one. Register
of shareholders need not be filed with the government authorities.
Directors / Secretary
The minimum number of director is one. The director
may be a natural person or a corporation and need not be resident
in the Cayman Islands. It is a statutory requirement to maintain
a Register of directors and officers at the registered office
in the Cayman Islands.
A company secretary may be appointed. The company
secretary may be a natural person or a corporation and need not
reside in the Cayman Islands.
The companies must have a registered office and
a Registered Agent in the Cayman Islands.
and Annual Requirements
There is no form of taxation in the Cayman Islands
relating to individuals, corporations or trusts and no requirement
to file accounts for exempt companies.
Exempt company must pay an annual license fee
- US$575 for authorised capital up to US$50,000;
- US$805 for authorised capital more than US$50,000 but not
exceeding US$1 million;
- US$1,690 for authorised capital more than US$1 million but
not exceeding US$2 million;
- US$2,400 for authorised capital exceeding US$2 million