General information: The Cayman Islands consist of three Islands, situated approximately 500 miles South of Miami in the Caribbean Sea.The Cayman Islands are a British Colony with the United Kingdom passing legislation. The islands are a major financial offshore center and have a strong economy enjoying full employment.
Currency: The Caymanian Dollar
Language: The official language is English.
Type of law: Common Law
Type of Company: Exempt
Principal Corporate Legislation: The Company Law is based on the English Companies Act of 1948 and can be found in the Cayman Islands Companies Law (2007 revision); Companies Law (2009) revision and Companies (Amendment) (No. 2) Law 2009.
Uses: Commercial and trading activities, subject to trading restrictions as below.
Trading Restriction: Companies cannot trade or own real estate in the Cayman Islands. Trading cannot be associated with banking, insurance or mutual funds, unless licensed.
Company name:
  • Cannot be in conflict with pr-existing company.  Any name that in the opinion of the Registrar is undesirable or suggest an illegal activity or any name that may imply government patronage.
  • Any languages using Latin alphabet. Chinese or Arabic is acceptable with translation.
  • Limited, Corporation, Incorporated or their abbreviations.
Taxation: No tax on offshore profits.
Double Tax Treaty Network: No Double Taxation Agreements.
Registered Agent & Office: Registered office must be maintained within the Cayman Islands and there must be a Cayman resident appointed as an agent.
Shareholders: Minimum one
No publicly accessible records.
Disclosure of Beneficial Owner: Not publicly available
Directors:
  • Minimum one- corporate or natural person.
  • No restriction on nationality.
  • No publicly accessible records.
Secretary: No restriction
Share capital:
  • Any currency.
  • No minimum or maximum capital requirement nominative/registered shares are allowed.
  • Bearer shares are not permitted.
Annual Reporting: There is no requirement to file accounts but an annual return in the form of a simple declaration must be submitted.