Register a Company in the Cayman Islands and Seize Market Opportunities
Registering a Company in the Cayman Islands
The Cayman Islands are located 268 kilometers northwest of Jamaica and 640 kilometers south of Miami in the western Caribbean Sea, and are a British Overseas Territory. The Cayman Islands are recognized by the Hong Kong Stock Exchange as one of the offshore jurisdictions where companies can be listed in Hong Kong.
Cayman Islands company law is based on British Common Law. Companies are categorized into two types: Exempted and Non-Resident. Exempted companies are the more popular form of registration, and their names do not necessarily have to include “Limited”. They can apply for a tax exemption certificate valid for up to twenty years, further enhancing their tax advantages.
Key Advantages
- Robust infrastructure, communication, and banking facilities
- Modern Corporate Legislation
- English as the official language
- Complete confidentiality with the Cayman Islands Registry; company information archived is not available through public searches
- The country attracts more than 100,000 exempt entities, focusing on international business
Types of Company
Before choosing the type of Company Before beginning the registration process, you need to decide on the type of company that best suits your business needs. Several types of companies can be registered in the Cayman Islands, including:
- Tax-exempt companies: Most popular among foreign investors as they can operate businesses outside the islands and are eligible for up to 20 years of tax exemption in the Cayman Islands.
- Segregated Portfolio Companies (SPC): Suitable for risk management by allowing assets and liabilities to be segregated into different investment portfolios.
- Limited Partnerships: A good choice for investment funds.
Preparation and Submission of Documents
The following documents need to be prepared and submitted to the Cayman Islands Registry:
Registration Follow-Up Work
After the Cayman company is successfully registered, in accordance with relevant local regulations, the following follow-up work tips need to be paid attention to:
- CIMA Certification, CIMA approval is required if a company is incorporated to enter a regulated business (e.g. banking, insurance, etc.). If the name of the proposed company contains “bank”, “insurance” or their derivatives, it must be approved by CIMA for registration.
- It takes about 4-6 weeks to open a bank account.
- A Cayman company must undergo an annual review in December of the year of establishment, which must be completed before December 15. The annual review fee is determined based on the registered capital.
To ensure that your company operations always comply with relevant regulatory requirements. In addition to the above, we can also provide corresponding services in company management and maintenance, finance, taxation and legal consulting, so that you can focus on your company’s business development.