Benefits of registering a company in Cayman Islands
- Political Stability: The government has always been stable; and the economy has remained strong due to its popular banking system, offshore corporations, and tourism.
- Whitelisted: Unlike many other so-called “tax havens,” the Cayman Islands follows international tax regulations. This which has kept the Financial Action Task Force and the international Organization for Economic Co-operation and Development (OECD)them from placing the Caymans on their blacklist.
- Fast Incorporation: The Incorporation process can only take one day.
- Flexibility: Forming a Cayman Islands corporation provides options for flexibility. For instance, corporate directors and officers do not have to be legal residents.
- Privacy: The Register of Directors and Shareholders are not open to public viewing.
- No Upfront capitalization requirement.
- No Shares Transfer Tax -unless the shares are related to real estate investments.
- Single Director: Cayman Islands corporate law allows for a one-director and one-shareholder company.
Key Features of Cayman Islands Company
- Company name must be unique and approved by the registrar
- Compulsory Cayman Island registered agent and registered office
- Minimum of one shareholder. This can be a person or another company or trust.
- Minimum of one director. No nationality restriction
- Minimum authorized capital shares
- No withholding of taxes
- Shareholder and director names remain private in the Cayman Islands
- Short time required for incorporation. Within 1 to 4 days
