CAYMAN ISLANDS COMPANY FORMATION
BANK ACCOUNTS
Cayman Islands Company. Cayman Islands Company Formation.
KGN Services 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 Company 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.
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 Cayman Islands Offshore 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.
Questions? Need Advice?
Make an enquiry or request a confidential callback or chat with us.
MAKE AN ENQUIRY
REQUEST A CALLBACK
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: $2990
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 Services?
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 Services 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
Do you want to register a company 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.
Read More
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 Services | Cayman Islands Company | Cayman Islands Company Formation | Register a company in the Cayman Islands
[hfe_template id=’8354′]
