Advantages of Incorporating in the Cayman Islands

  • Exemption from all local taxes and stamp duty
  • Maximum confidentiality and anonymity
  • Ease of operation, maintenance and control
  • Asset security
  • No disclosure or minimum capital requirements
  • The minimum number of shareholders is one
  • The minimum number of directors is one
  • Corporate directors and shareholders are permitted
  • Excellent and flexible post-incorporation follow-up services
  • No statutory requirement to hold annual general meetings
Principal Corporate Legislation

The Companies Laws 2007 as amended.

Language of Legislation and Corporate Documents

The official and spoken language is English.

Currency

Cayman Islands Dollar (KYD).

Type of Law

Common.

Type of Company
Exempt Company.
Share Capital
Standard authorised share capital is US$50,000. Minimum paid up share capital is US$1.
Classes of Share Available
Registered shares of no par value, preference shares, redeemable shares and shares with or without voting rights.
Bearer Shares
Not permitted.
Restrictions on Trading
Cannot trade within the Cayman Islands. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Office Required
Yes, must be maintained in the Cayman Islands.
Directors
The minimum number of directors is one. Director can be of any nationality and need not be resident in the Cayman Islands. Corporate directors are permitted.
Shareholders
The minimum number of shareholders is one.
Publicly Accessible Records
No.
Nominee Shareholders and Nominee Directors
Allowed.
Location of Meetings of Directors and Shareholders
Anywhere.
Disclosure of Beneficial Ownership to Authorities
No.
Personal Presence Required
No.
Taxation
Nil.
Double Taxation Treaty Access
None.
Requirements to File Accounts
None.
Requirement to File Annual Return
None.
Audit Requirements
None.
Restricted Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Name of a Company
The words “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anonima” or Ltd, Corp., Inc., S.A. must be part of the name of every company.
Time to Incorporate
Two days.

Renesis Financial Services Ltd (“Renesis”) is licensed by the Financial Services Commission in Mauritius to provide a comprehensive range of financial and fiduciary services to international clients.

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