Cayman Islands Offshore Company
Individuals and companies wishing to operate their company in a tax haven with high level of privacy can set up a Cayman Islands offshore company. The process of establishing a Cayman Islands offshore company is complex thus it is advised to seek the assistance of a professional consultancy firm.
For more information on registering your Cayman Islands offshore company, please visit our Cayman Islands Company Formation service page. Alternatively, for more information on how DeltaQuest can assist you with your offshore company needs, Contact Us.
Registering a Cayman Islands offshore company
The Companies Law of 1961 governs all Cayman Island Companies. This act is based on the English Law and covers the four types of companies which can be established in the Cayman Islands;
• Ordinary Resident Cayman Company
• Ordinary Non-Resident Cayman Company
• Exempt Cayman Company
• Exempt Limited Duration Cayman Company
In order to form a Cayman Islands offshore company, the Memorandum and Articles of Association need to be filed to the Registrar of Companies in addition to submitting documents stating the nature of the business, details of directors and shareholders. All business transactions of a Cayman Islands offshore company must be carried out with non-residents and non-locally registered companies.
The minimum share capital requirement of a Cayman Island company is US$1 however; a share capital of US$50, 000 is usually the standard when establishing an offshore company. Cayman Island offshore companies must have a minimum of one director and one shareholder who need not be a Cayman Island resident. The details of the directors and shareholders are kept away from the eyes of the public ensuring high levels of privacy to company owners.
The Cayman Islands proves to be a favorable jurisdiction to establish an offshore company due to tax immunity, including exemption from corporate, capital gains and income tax. In addition, the Cayman Islands authorities provide a certificate valid for 20 years when you establish a company there – this enables companies’ tax immunity from any law changes in tax for the initial 20 years.
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