Exempt Companies - Cayman Islands

Cayman Island has been increasingly popular in recent years based on the statistic of holding companies incorporated in the jurisdiction. Cayman Islands is a British Overseas Territories which offers all the security and stability that are traditionally associated with the British flag and is one of the most respected tax neutral jurisdictions.

Tax exempted companies are offshore companies which are to carry out their business activities outside the Cayman Islands.

 Some of the key features are listed below:

Advantages and Benefits

  • Zero tax
  • 100 % foreign ownership
  • One of the most well established jurisdiction in the Caribbean Islands
  • Documents and legislation are in the official language of English
  • Exempted from corporate, property, capital gains and withholding taxes.
  • No minimum capital requirement
  • Flexible business operation; can be administered outside Cayman Islands
  • Can open and maintain bank accounts
  • No registration or filing of any details with the regulatory authorities
  • No prior regulatory or governmental permission or approval requirements for the issuance or transfer of shares
  • Minimum annual reporting requirements
  • No statutory provision prohibiting financial  assistance.
JurisdictionCayman Islands
Type of EntityExempt
Type of LawCommon Law
Shelf Company availabilityYes
Our Time to establish a new company5 Working Days
Taxation on foreign incomeNil
Double Taxation treaty accessNo
Standard currency of share capitalUS$
Other permitted currencies of capitalAny
Minimum paid up share capitalUS$1
Usual authorized share capitalUS$50,000
Minimum number of Directors/Managers1
Local Directors/Managers requiredNo
Publicly accessible record of directors/ManagersNo
Locations of directors/managers meetingAnywhere
Company Secretary requiredNo
Local or Qualified company secretary requiredNo
Requirement for Audited accountsNo
Requirement to file accountsNo
Publicly accessible accountsNo
Requirement to file annual returnYes
Change in Domicile permittedYes
Requirement to prepare accountsYes
Bearer sharesYes, must be held by custodian

Related Documents       Corporate Profile