Main Rules for Cayman Islands Company Formation

The Cayman Islands are a jurisdiction with multiple advantages for entrepreneurs, among which the lack of direct taxes for companies, a good legal regime, and low reporting requirements. The Cayman Islands exempted company is among the top business entity choices, however, its registration will demand a certain level of compliance on the part of the investors.

The main requirements for Cayman Islands company formation

• - identity verification: it is common for the Cayman Islands authorities to request a certain amount of information on the company’s proposed shareholders and directors; this is done for anti-money-laundering purposes.
• - unique company name: the new company in the Cayman Islands will need to propose a unique name that will not infringe any other existing ones.
• - registered office: having a company registered office in the Cayman Islands is a mandatory requirement for all those who open a company here.
• - registered agent: the law deems it necessary for the company to have an approved local representative in the Cayman Islands; our agents can give you complete details about this mandatory appointment.

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