The Companies Law (Revised 2012)
Structure
1. Minmum director and minimum sharholder is one.2. The shareholder and director can be the same person; can be a corporate body.
3. There is no requirement to file accounts with the Cayman Islands Registrar. However, an annual return must be filed. The return takes the form of a simple declaration.
4.The Cayman Islands incorporation documents do not carry the name or identity of the shareholder(s). The names of directors and officers are submitted to the Registrar of Companies but are not available to the public.
5. The entity can be run from anywhere in the world.
Shares and Capital Requirements
Shares can be issued with or without par value;
The minimum is US$1, but it is normal to incorporate with an authorised share capital of US$50,000; divided in to 50,000 common voting shares of US$1, this being the maximum for the minimum capital duty payable to the Registrar of Companies.
The minimum issued share capital is one share of no par value or one share of part value.
IBC Taxation
There is no form of taxation in the Cayman Islands relating to individuals, corporations or trusts.
Offshore Company Providers
Bodden Corporate Services LtdCompany incorporation and management services.
Corporate Management Solutions (Cayman) Ltd
Provides company formation and corporate administration services.
Harneys Services (Cayman) Limited
Corporate and fiduciary services.
Samson & McGrath Corporate Services Ltd
Provides formation of Cayman Islands companies and partnerships.
Stuarts Corporate Services Ltd
Pprovider of offshore corporate services.
Walkers
Corporate and financial services.
List of Cayman Islands Offshore Banks
List of Cayman Islands Offshore trust service providers
Background Facts
The Cayman Islands is a British Overseas Territory located in the western Caribbean Sea. The territory comprises the three islands of Grand Cayman, Cayman Brac, and Little Cayman, located south of Cuba and northwest of Jamaica.
Population: 52,560 (2012 est.)
Capital: George Town
Dialing code: 345
Currency: Cayman Islands dollar
Exchange control:
There are no capital or exchange controls in Cayman.
Government: British Overseas Territory
Official language: English Language
Legal System:
English common law and local statutes
Corporate Legislation Acts: (.PDF Downloads)
The Companies Law (revised 2012)
The Companies (Amendment) Law 2012.
