Cayman Islands
General Information
General Information
| Location | Approximately 1,150kms south of Florida. The Cayman Islands consists of a group of three islands in the Caribbean |
| Capital | George Town |
| Population | Approximately 54,000 |
| Language | English (official) |
| Legal System | English Common Law |
| Currency | Cayman Islands dollar (approx. USD 1 : KYD 0.82) |
| Exchange Control | None |
| Economy | The Cayman Islands is one of the world’s the leading financial centres in the world. Most of the revenue is being derived from the financial services sector and tourism. The Cayman Islands isare a favoured jurisdiction for mutual funds and financial services |
| Time Zone | GMT -5 |
| International Banks |
Barclays Bank, Bank of NovaScotia, Royal Bank of Canada |
| Principal Corporate Legislation |
Cayman Islands Companies Law |
Company Incorporation
- Incorporation fee for a company with share capital less than USD 50,000 of 50,000 shares is USD 4,000 included government fee, professional fee, registered agent fee, registered address.(For company with English name only)
- Required at least one officer one director and one shareholder
- Due diligence of the officer, beneficial owners the director(s) and shareholder(s) are required
- Directors, Shareholders and Beneficial Owners are all individuals you will only be required to provide a professional reference to be issued by a respected professional such as a lawyer, accountant or a banker from a regulated financial institution.
- For company name with English name only, it normally takes around 1 week to receive a copy of Certificate of Incorporation from Cayman Registry.
- For company name with Chinese characters, it normally takes around 2-3 weeks to receive a copy of Certificate of Incorporation from Cayman Registry.
Features & Benefits
- A premier international financial centre. Over 40 of the world’s top 50 banks have established branches or subsidiaries in the Cayman Islands
- Strong reputation, professionalism, confidentiality, political stability, asset protection and geographical location
- Approved by the Stock Exchange of Hong Kong for public listings in Hong Kong
- Favoured jurisdiction for mutual funds and trusts
- Company names in English and Chinese are allowed
- No taxes relating to individuals, corporations or trusts and no exchange control regulations in the Cayman Islands
- Director and shareholder information cannot be searched publicly
