CAYMAN ISLANDS COMPANY FORMATION
BANK ACCOUNTS
Cayman Islands Company. Cayman Islands Company Formation.
KGN specializes in Cayman Islands Company Registration and opening bank accounts.
The Cayman Islands is a self-governing British Overseas Territory in the western Caribbean Sea.
Cayman Islands Company – Overview
Advantages of Cayman Islands Company
Exemption from all local taxes and stamp duty
Maximum confidentiality and anonymity
Ease of operation, maintenance and control
Asset security
No disclosure or minimum capital requirements
A minimum of one shareholder is required for a Cayman Islands company registration
A minimum of one director is required for a Cayman Islands company registration
Excellent and flexible post-incorporation follow-up services
No statutory requirement to hold annual general meetings
Cayman Islands Company Formation. Legislation
Principal Corporate Legislation
The Companies Laws 2007 as amended.
Type of Law
Common.
Language of Legislation and Corporate Documents
English.
Type of Entity for International Trade, Investment & Tax Planning
Cayman Islands Exempted Company.
Cayman Islands Company
Share Capital
Standard authorised share capital is US$50,000. Minimum paid up share capital is US$1.
Classes of Share Available
Registered shares of no par value, preference shares, redeemable shares and shares with or without voting rights.
Bearer Shares
Not permitted.
Restrictions on Trading
Cayman Islands Offshore Company cannot trade within the Cayman Islands. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Agent Required
Each Cayman Islands Company must have a Registered Agent in the Cayman Islands.
Registered Office Required
Each Cayman Islands Company must have a Registered Office in the Cayman Islands, provided by a licenced service provider.
Directors
A Cayman Islands Company requires a minimum of one director. Director can be of any nationality and need not be resident in the Cayman Islands. Corporate directors are permitted.
Shareholders
To register a company in the Cayman Islands, you need a minimum of one shareholder.
Publicly Accessible Records
No.
Nominee Shareholders and Nominee Directors
Allowed.
Location of Meetings of Directors and Shareholders
Anywhere.
Personal Presence Required
No.
Taxation
Nil.
Double Taxation Treaty Access
None.
Requirements to File Accounts
None.
Requirement to File Annual Return
None.
Audit Requirements
None.
Exchange Control
None.
Time required for Cayman Islands Company Registration
Two days.
Cayman Islands Company Formation – Name of a Company
Language of Name
English.
Restricted Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Name of a Company
The words “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anonima” or Ltd, Corp., Inc., S.A. must be part of the name of every Cayman Islands offshore company.
Cayman Islands Company Formation Prices
Cayman Islands Company Formation Package Includes:
Company Name Check
Initial Business Approval
Preparation of Application Documents
Company Registration Fee
Registered Office Address for 1 year
Registered Agent Services for 1 year
Government filing fee
Certificate of Incorporation
Memorandum & Articles of Association
Minutes of first meeting appointing the director(s)
Share Certificate(s)
Register of shareholders
Register of directors
Starting at: $4990
How do I register a company in the Cayman Islands?
A Cayman Exempted Company is formed by filing a registration statement and paying a fee to the Registrar in the Cayman Islands. To register a company in the Cayman Islands, you need a minimum of one shareholder. This can be a person or another company. At least one director is required for incorporation in the Cayman Islands. Director can be of any nationality and need not be resident in the Cayman Islands. Corporate directors are permitted.
Why Choose KGN?
We’ve been helping business owners since 1996
Incorporating your business is our focus
We make a complex process fast and easy
We work closely with Companies Registries to guarantee our service
Fastest offshore companies & accounts – Most competitive pricing worldwide
Services related Cayman Islands Company Registration
KGN provides the following services related Cayman Islands Company Formation:
Cayman Islands Company Registration
Cayman Islands Corporation
Company Secretarial Services
Registered Office and Agent Services in the Cayman Islands
Nominee Shareholder / Nominee Director
Full Cayman Islands Company Administration Services
Mailing Address in the Cayman Islands
Trademark Registration
Opening of Bank Accounts in the Cayman Islands
Cayman Islands – General Information
Location: Caribbean, three-island group (Grand Cayman, Cayman Brac, Little Cayman) in Caribbean Sea, 240 km south of Cuba and 268 km northwest of Jamaica.
Area: total: 264 sq km, land: 264 sq km, water: 0 sq km. …
Natural resources: Fish, climate and beaches that foster tourism
Population: 58,441, most of the population lives on Grand Cayman (July 2017 est.).
Capital: George Town (on Grand Cayman).
Time Zone: UTC−5.
Languages: English (official) 90.9%, Spanish 4%, Filipino 3.3%, other 1.7%, unspecified 0.1% (2010 est.).
Government type: Parliamentary democracy (Legislative Assembly); self-governing overseas territory of the UK.
Legal system: English common law and local statutes.
International organization participation: Caricom (associate), CDB, Interpol (subbureau), IOC, UNESCO (associate), UPU.
Economy: With no direct taxation, the islands are a thriving offshore financial center. More than 65,000 companies were registered in the Cayman Islands as of 2017, including more than 280 banks, 700 insurers, and 10,500 mutual funds. A stock exchange was opened in 1997. Nearly 90% of the islands’ food and consumer goods must be imported. The Caymanians enjoy a standard of living comparable to that of Switzerland. Tourism is also a mainstay, accounting for about 70% of GDP and 75% of foreign currency earnings. The tourist industry is aimed at the luxury market and caters mainly to visitors from North America.
Currency: Caymanian dollar (KYD).
KGN | Cayman Islands Company | Cayman Islands Company Formation | Register a company in the Cayman Islands
Requirement to File Annual Return