02 Sep Cayman Island Companies
Cayman Island Companies
The Cayman Islands has a thriving financial services sector with a particularly strong reputation for offshore hedge funds and private equity structures.
Company law is based on the English Companies Act 1948 and can be found in the Cayman Islands Companies Law (2007 Revision).
Company registrations in the Cayman Islands exceed 8,000 per annum. There are more than 80,000 companies currently registered, almost 70,000 of which are exempt (offshore) companies. 150 leading US Corporations have subsidiaries registered in Cayman, including Intel and Coca-Cola. Apart from enjoying a well-established legal system, Cayman is a politically stable British Overseas Territory.
Benefits of Cayman Companies
- Incorporation procedures normally completed within five working days and an express
(24 Hour) service is also available.
- A minimum of one shareholder and one director, both of whom can be corporate bodies.
- Generally no minimum capitalisation requirements (one US$1.00 voting share adequate).
- Share capital can be in any currency.
- No disclosure of beneficial owner. Cayman’s Confidential Relationship (Preservation) Law makes it a criminal offence to disclose confidential information.
- No taxation on Exempt Company profits – tax-free status guaranteed for 20 years.
- No requirement for directors to file accounts.
- Directors’ and Shareholders’ meetings can be held anywhere in the world.
- Companies can engage in any lawful activity.