555 55 55 55
555 55 55 55
CAYMAN ISLAND
100% ONLINE INCORPORATION
Benefits of Incorporating a Company in Cayman Island
- The Cayman Islands, a prestigious and renowned enclave for the registration of offshore companies, are located in the heart of the Caribbean, spread across three islands that form a top-tier tax haven. This archipelago is a British Overseas Territory that encompasses 3 islands in the western Caribbean.
- Tax-free jurisdiction
- No corporate taxes
- Availability of Tax Exemption Certificate (TEC) that offers clients a guarantee that their company will not be taxed if the government collects a tax in the future.
- Sole proprietorship is allowed
- Without obligations for financial information and accounting
- Minimum requirements for the submission of annual statements
- Prestigious banking jurisdiction
- Sophisticated financial and banking system
- There is no obligation to maintain a public register of its members.
- Flexibility when it comes to modifying their foundational documents, that is, the bylaws and the articles of incorporation.
- The Cayman Islands have signed a series of tax information exchange agreements with various countries to maintain good relations with their trading partners.
- British Overseas Territory
- The Cayman Islands maintain trade ties with China (companies are authorized to list on the HK stock exchange).
- It is the largest extraterritorial banking center in the world.
- The government of the Cayman Islands has recently enacted a Special Economic Zone (SEZ) to encourage international investment.
Recommended Business Activities in Cayman Island
- Shares of companies or other legal entities
- Management companies
- International commercial and financial activities
- Own bank accounts, financial or commercial securities
- International hedge funds
- Ship registration
- Asset protection
- Online Services
- E-commerce
- Importing and Exporting of products
Legislation in Cayman Island
- Location: Western Caribbean Sea.
- Total area: 264 km²
- Population: 65,720 (2020)
- Capital: George Town
- Currency: Cayman Islands Dollar (KYD)
- Dialing code: +1-345
- Official language: English
- Ethnic groups: Mestizos 40%, whites 20%, blacks 20%, expatriates of various ethnicities 20% Literacy rate 99
- Credit rating:
- Type of government: British Overseas Territory; parliamentary democracy
- Executive branch: The Queen and the Government, formed by the Governor and the Cabinet.
- Legislative branch: Legislative Assembly (20 seats).
- Judicial branch: Disciplinary Tribunal, Supreme Court, Court of Appeal, and Privy Council in London. Legal system: Based on English Common Law
Tax System:
- Personal tax: No
- Corporate tax: No
- Corporate tax (in detail): There is no corporate tax in the Cayman Islands.
- Details: There is no capital gains tax in the Cayman Islands
- Vat: No VAT.
- Details: No VAT in Cayman.
- Withholding tax: No VAT in Cayman Islands Withholding: tax 0% (dividends), 0% (interest), 0% (royalties)
- Other taxes: There are no exchange controls.
- Change control: No
- Government rate: -
- Stamp duty: 7.5%
Types of Company in Cayman Island:
- Exempt limited partnership (ELP)
is a type of partnership that is commonly used for international investment and financial transactions.
The creation of a company in Cayman Island:
- Choose a company name: The name must be unique and not already in use by another company in the Cayman Islands. It's also recommended to check if the desired name is available as a web domain.
- Appoint directors and officers: A minimum of one director and one officer (such as a president or secretary) are required. Directors can be individuals or corporations, and they can be residents or non-residents of the Cayman Islands.
- Register the company: You'll need to file Memorandum and Articles of Association with the Cayman Islands Registrar of Companies.
- Obtain a license (if required): Depending on the type of business activity, you may need to obtain a license from the relevant authorities.
- Open a bank account: You'll need to open a bank account in the name of the company to manage its finances.
What is included in our register company:
- Cayman Islands Company Formation
- Cayman Islands Government Registration Fees
- Registered Office for 1 Year
- Registered Agent for 1 Year
- Electronic copy of:
Certificate of Incorporation
Memorandum and Articles of Association - Register of Directors
- Register of Members/Shareholders
- First Board Minute Appointing the Director
- Virtual Office (optional, 1 year contract)
- Insurance Commercial (optional)
- Trademark (optional)
- Virtual receptionist (optional)
- Telephone Local (optional)
- Accounting service (optional, referred to a commercial partner)
PACKAGE CONTENT
Exempt limited partnership (ELP)
- Cayman Islands Company Formation
- Cayman Islands Government Registration Fees
- Registered Office for 1 Year
- Registered Agent for 1 Year
- Electronic copy of:
Certificate of Incorporation
Memorandum and Articles of Association - Register of Directors
- Register of Members/Shareholders
- First Board Minute Appointing the Director
- Business Name
- Resident Director (Optional)
- Virtual Office Address (Optional)
- Domain Name(.com.ky) (Optional)
- Trademark (Optional)
Requirements to register a company in Cayman Island:
- Certified or Notarized Scan of Passport valid for at least 6 months.
- Scan of certified or notarized proof of address (utility bill or bank statement, tax invoice, etc.) that is no more than three (3)
- months old and must be in English or officially translated into English
- Bank reference letter/Professional reference letter (Must state that they have known the client at least 3 years)
- CV of all Directors, shareholders, and BO
- Any other document(s) as required by the Companies Registry (if applicable)
Additional Services in Cayman Island
Elevate your business with our virtual receptionist services in Cayman Island.
Enjoy seamless communication and exceptional customer support tailored to your needs.
Looking for a Resident Director and Secretary in Cayman Island? Our professional services ensure your business meets legal requirements and operates smoothly.
Secure your brand identity in Cayman Island with our trademark services.
We offer expert advice on registration, protection, and enforcement for your business.
Explore top business bank account options in Cayman Island. Experience seamless banking, flexible terms, and professional guidance to support your business growth.
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