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Cayman Islands Incorporation Rules

Updated on Wednesday 22nd August 2018

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Cayman-Islands-Incorporation-Rules.jpgThe Cayman Islands offer a wide range of advantages, from stability and business structure flexibility to no taxes for companies and a fast incorporation process.
 
Our agents summarize the Cayman Islands incorporation rules and can assist foreign investors who wish to open a company here.
 

The main requirements for Cayman Islands incorporation

 
The list below summarizes the main rules for Cayman Islands incorporation. Our team of agents can help detail each of these requirements.
 
  1. Incorporation capital: the Cayman Islands do not require investors to provide a specific amount of authorized capital upon incorporation.
  2. Director: just one company director is needed to form the company and there are no residency requirements.
  3. Shareholder: a Cayman Islands company can be incorporated with a minimum of one shareholder
  4. Company name: it must be unique and not infringe any other existing names; certain words, like the word bank, can be included only if the company has a valid license for the activity.
  5. Registered office: a registered office in the Island is mandatory for company formation
  6. Registered agent: the registered agent must be appointed for the purpose of forming a company in the Cayman Islands.
Most company formation packages in the Cayman Islands will offer a registered office and registered agent services. Additional services that may be required, and that should be requested during the early stages, are the nominee director and the nominee shareholder services.
 

Additional information for Cayman Islands incorporation

 
The Cayman Islands are among the top destinations for offshore business purposes are the requirements for company formation, company taxation and reporting are minimal. Investors should also take into consideration that annual fees will apply for the registered agent.
 
Setting up a Cayman Islands company is a straightforward process and one that can take approximately three or four days, depending on the documentation that is required and whether or not investors provide the needed documents at once.
 
For more detailed information about Cayman Islands company formation, please do not hesitate to contact us.
 

 

 

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Call us now at +44 203 287 0408  to set up an appointment with our lawyers in George Town. Alternatively you can incorporate your company without traveling to Cayman Islands.

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