The Cayman Islands, which comprises of three islands in the Caribbean Sea south of Cuba, is a British Dependent Territory that was originally discovered by Christopher Columbus. The financial services sector is one of the main industries in the Cayman Islands, and there is a substantial commitment to the continued development of the offshore financial services industry. The reputation and popularity of the Cayman Islands have increased significantly, particularly in Asia, as it is one of the offshore centres that is approved by the Hong Kong Stock Exchange for public listings in Hong Kong. The Cayman Islands established its own Stock Exchange in 1997.
In November 2001, a new agreement with the United States (US) for the exchange of information was signed. This provides for the exchange of information, upon request, for criminal tax evasion, civil and administrative matters relating to US federal income. The agreement applies to criminal tax evasion for taxable periods commencing 1 January 2004, and to all other tax matters for taxable periods commencing 1 January 2006.
- Official Language: English
- Legal System: English Common Law
- Currency: Cayman Dollars
- Time Zone: UTC -4
Why Cayman Offshore Company ?
- No taxes levied on International Business Companies.
- No exchange controls or restrictions on the flow of currency.
- Privacy of Beneficiaries identity.
- Able to list on leading Stock Exchanges, including Hong Kong.
- Favoured jurisdiction for investment business and mutual funds.
- The major offshore financial centre in the Caribbean.
Cayman Offshore Company Features
| General | |
| Type of Company | Exempt |
| Type of Law | Common Law |
| Shelf Company Availability | Yes |
| Corporate Taxation | Nil |
| Double Taxation Treaty Access | No |
| Share Capital | |
| Standard Currency | US$ |
| Minimum Paid Up | US$1 |
| Standard Number of Shares Issued | 50,000 |
| Directors | |
| Minimum Number | One |
| Local Required | No |
| Corporate Directors | Permitted |
| Shareholders | |
| Minimum Number | One |
| Company Secretary | |
| Required | Optional |
| Accounts | |
| Requirements to Prepare | Yes |
| Audit Requirements | No |
| File Accounts | No |
| Others | |
| File Annual Return | No |
| Publicly Accessible Records | No |
