Formation of Company in Cayman Island
Cayman Islands, situated in the West Caribbean Sea, 640 km south to Miami and 268 km northwest to Jamaica, belongs to British Overseas Territory. Cayman is one of the two offshore jurisdictions accepted by Hong Kong Stock Exchange for listing in Hong Kong.
Cayman Islands Companies Act is based on English Common Law. Companies are of two categories : Exempted Company and Non-Resident Company. Exempted Company is a more popular form of registration, the name of which need not end with “Limited” and it can apply for a 20-year term tax exemption certificate to further increase its tax advantages.
Advantages
- Provide privacy protection, without disclosing shareholders and directors
- Company is granted listing in Hong Kong Stock Exchange
- No tax shall be declarable and payable
- Chinese name can be shown in the Certificate of Incorporation of company
- Cayman has no double taxation treaties with any other countries
- No exchange control, easy to raise capital
General Requirements
- There shall be at least one shareholder and director, who can be legal person or individuals, without nationality restriction.
Standard Registered Capital
Required Information and Time for incorporation
- Chinese and English names of company
- Copies of ID cards or passports of shareholders and directors
- Registration of company (requires 30 days or so)
