Cayman-Islands-Offshore-Company-Formation

The Cayman Islands is a British Overseas Territory located in the western Caribbean Sea about 150 miles south of Cuba and 167 miles northwest of Jamaica. The Cayman Islands are the fifth largest banking centre in the world.

Main Benefits

About Cayman Islands

The Cayman Islands is a British Overseas Territory and overseas territory of the European Union located in the western Caribbean Sea. The Cayman Islands are the fifth-largest banking center in the world. The Cayman Islands historically have been a tax-exempt destination. It is a global offshore financial services center.

The principle corporate legislation in the Cayman Islands is the Company Law (2007 Revision) which is based on the English Companies Act (1948).

The Business Setup documents of Cayman Islands company do not carry the name or identity of any shareholder or director. The names or identities of these persons do not appear in any public record.

The time taken to complete the incorporation of a Cayman Islands Company is 6 to 8 working days. The shareholder(s) and director(s) of the company can be a natural person or a corporate body.

Advantages of setting up Cayman Island Company

Shareholding & Directorship

A minimum of one shareholder & Director is required. Nominee shareholders and directors are permitted.

Companies registered in Cayman Islandsare subject to the following restrictions:

Share Capital

There is no minimum capital required for registration of Cayman Island. Bearer shares can be issued upon meeting special requirements. Shares could be issues as nominal or with no par value.