Cayman Islands Company

The Cayman Islands is an autonomous British Overseas Territory in the western Caribbean Sea. The 264-square-kilometre territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located to the south of Cuba and northeast of Honduras, between Jamaica and the Yucatán Peninsula. As of July 2018, the total population of the Cayman Islands is estimated to be 59,613, making it the second-most populated British overseas territory after Bermuda. The capital city is George Town, situated on Grand Cayman, by far the most populous of the three islands. The Cayman Islands is considered to be part of the geographic Western Caribbean Zone as well as the Greater Antilles. The territory is often considered a major world offshore financial haven for international businesses and many wealthy individuals.

Cayman Islands have always been a popular choice for the location of offshore company registration and management due to the fast company incorporation process, no requirement for company secretary and company paid up capital, mature legal system (English Common Law), tax free policy, and a stable political and economic environment. Cayman Islands offshore companies incorporated under the Companies Law have always been a popular choice for businesses due to maximum security and privacy,  and are licensed to do business worldwide (except the Cayman Islands) tax free.

 

Mandatory Requirements:

Company Name (English)

Nature of Business

Shareholding Percentage (if more than 1 shareholder)

Minimum 1 Director (any nationality, age 18 and above)

Minimum 1 Shareholder (any nationality, age 18 and above)

Identification Proof of the Director(s) and Shareholder(s)

Address Proof of the Director(s) and Shareholder(s)

Annual Fees Payable to the Government (December each year)

 

Benefits:

No Public Record of Register of Directors and Shareholders

No Restrictions on 100% Foreign Ownership

No Restrictions on the Currency of Share Par Value

No Requirements for Paid up Capital

No Requirements on Company Secretary

No Requirements to have Annual Shareholder Meeting

No Requirements to have Annual Audit

No Shares Transfer Tax

Company Accounts remain Private

Ease of Opening Corporate Bank Account

 

A foreigner, who wishes to set up his own company in the Cayman Islands must engage the services of a corporate service provider. Tokenup Technology is a Corporate Service Provider based in Singapore and we have direct partnerships with the Cayman Islands registry and local banks. Our professional and experienced team is able to help you set up flexible corporate structure(s) and corporate account opening within 7 business days.

 

We promise to deliver the best service at the most competitive price. Please welcome to contact us at [email protected] for more information.