Requirements and administration guidelines

Share Capital:

  • There are no minimum capital requirements for a Cayman Islands Company
  • Bearer shares can be issued but must be held by a Custodian approved by the Cayman Islands Monetary Authority
  • Registered shares can be held in an individual name or corporate body
  • Shares may be issued with nominal or no par value
  • A Cayman Islands Company can be formed with one shareholder
  • Details of shareholders are not maintained on public record

Directors:

  • A minimum of one director is required
  • Corporate directors are permitted
  • Directors do not have to be shareholders or resident in the Cayman Islands
  • Meeting required once a year on the island. Can be done by the appointment of proxies

Restrictions on Name & Activity:

  • The company name must not contain any of the following; Bank, Building Society, Insurance, Fund Management, Asset Management or Trust.

Local Requirements:

  • A registered office must be maintained
  • It is customary to appoint a company secretary but not mandatory. A representative can act in the capacity of a company secretary
  • The company secretary is not required to be a qualified secretary
  • Can either be a corporate body or an individual

Confidentiality:

  • The Confidential Relationship (Preservation) Law makes it a criminal offence to disclose or obtain confidential information in relation to Cayman Companies.

Timescale:

  • Incorporation is quick and will usually take only a few days.

Take the next step, we are here to help.

Register a Cayman Islands company.
Open a Cayman Islands bank account.

  Resources:

Russian citizens can gain Cyprus tax residency by staying only 60 days on island, whats the catch?

Russian citizens can gain Cyprus tax residency by staying only 60 days on island, whats the catch?

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Cyprus tax department releases new guidance on CRS deadlines and the online portal

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Key amendments to the Singapore Companies Act

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Thinking of relocating your business to Singapore? Let us help you!

Thinking of relocating your business to Singapore? Let us help you!

Singapore has quickly become one of the world's most prosperous countries with strong international trading links and per capita GDP equal to that of the leading nations in Western Europe, making it an ideal destination and potential location for Business Owners to relocate and start a new business and lifestyle.