Cayman Islands Company
| RICHFUL Rating | ***** |
| General | |
| Type of Company | EXEMPT |
| Political Stability | Good |
| Standard Authorised Capital | No |
| Tax on Offshore Profits | Nil |
| Corporate Requirements | |
| Local Registered Office and Registered Agent Required | Yes |
| Minimum Number of Directors/Managers | 1 |
| Local Directors Required | No |
| Corporate Directors Permitted | Yes |
| Minimum Number of Shareholders/Members | 1 |
| Local Shareholders Required | No |
| Corporate Shareholders Permitted | Yes |
| Company Secretary Required | No, but normally appointed |
| Bearer Shares Allowed | Yes, but not available |
| Annual Requirements | |
| Filing of Annual Return | Yes |
| Submit Audited Accounts | No |
| Shelf Companies Available | Yes |
Introduction
The Cayman Islands are a British colony situated in the Caribbean Sea approximately 800 kilometers South of Miami, Florida. The Islands enjoy sophisticated legal, accounting and banking services and political stability. The economy of the Islands is very strong, with most of the revenue being derived from the financial services sector and tourism. It is a favored location for companies wishing to list in the stock market.Languageï¼?/strong>The official and spoken language is English.
Type Of Lawï¼?/strong>Common Law, based on English Common Law.
Company Information
TYPE OF COMPANY FOR INTERNATIONAL TRADE AND INVESTMENTExempt Company.
TIME TO INCORPORATE
One Day, but allow ten working days for receipt of documentation.
RESTRICTIONS ON NAME AND ACTIVITY
Names must end with one of the following words, or their relevant abbreviations - Limited, Corporation, Incorporated, Societe Anonyme, Sociedad Anonima.
The following names and their associated activities, cannot be used:
Assurance, Bank, Building Society, Savings, Loans, Insurance, Reinsurance, Fund, Royal, Trust, Chamber of Commerce, University, Co-operative and Municipal.
CLASSES OF SHARES PERMITTED
Registered shares of par or no par value, bearer shares, preference shares, redeemable shares and voting or non-voting shares.
DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES
No.
Financial Statement Requirements
Whilst there is no requirement to file annual audited accounts with the authorities, a company is required to keep financial records, which reflect the financial position of a company.Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. We do not accept any responsibility, legal or otherwise, for any error or omission.
