Cayman Islands*
The Cayman Islands are a British Crown Colony consisting of 3 islands in the Caribbean lying approximately 480 miles south of Miami, Florida. There is an estimated population of 50,000 and a land area of 260 square kilometers. The official language is English and its currency is the Cayman dollar which is fixed to the US dollar at CI$1.00 equals US$1.20. The primary industries are tourism and financial services. The Islands are a largely self-governing British Crown colony. Britain is responsible for internal security and defense. The legal system is based on English Common Law and is complemented by local laws.
Highlights of Cayman Companies:
- Confidentiality on shareholders information
- Based on English Law
- Well developed professional infrastructure
- British dependent territory
- Neutral tax jurisdiction
- Regulated financial services industry
- Exempt from future taxes for a period of 20 years
General Information |
|
Type of Company |
Exempt Company |
Companies Law |
Cayman Islands Companies Law (Cap.22). |
Minimum Director |
One |
Minimum Shareholder |
One |
Bearer Shares Permitted |
Yes (Restricted Mobility) |
Corporate Shareholders |
Yes |
Corporate Directors |
Yes |
Minimum License Fee |
$793 |
Disclosure of Ownership |
No |
Corporate Seal Required |
Yes |
*Represented by a Licensed Agent
OVERSEAS MANAGEMENT COMPANY LTD., a company incorporated in Cayman Islands is not a holder of a Cayman Islands Companies Management Licence.