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
The following list includes the steps or rather the requirements that are mandatory when opening a Cayman Islands offshore company:
- 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.
As seen above, the Cayman Islands company formation
process is a straightforward one, with only a few mandatory requirements. However, entrepreneurs who cannot be present during the registration can appoint one of our agents to handle the main processes needed to open a company.
Complete assistance for company formation
Our Cayman Islands incorporation agents
can help you with dedicated services for company formation that will include a company name search, drafting the Articles of Association as well as services related to establishing a registered office and registered agent services. Our team can also offer a virtual office package.