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Offshore Companies

The Cayman Islands is a British Overseas Territory located in the western Caribbean Sea. The territory comprises the 3 islands of Grand Cayman, Cayman Brac, and Little Cayman, located south of Cuba and northwest of Jamaica. It is considered a part of the geograhic Western Caribbean Zone. The territory is a major world offshore financial centre. The Cayman Islands have more registered businesses than they have people. The latest population estimate of the Cayman Islands is about 56,000, representing a mix of more than 100 nationalities.

Key Corporate Features

  1. Director
    • At least 1 Director, whether an individual or a company.
    • No restriction on the nationality of the Director.
  2. Shareholder
    • At least 1 Shareholder, whether an individual or a company.
    • No restriction on the nationality of the Shareholder.
  3. Share Capital
    • Minimum paid-up capital is USD1.
    • Standard authorized capital is USD50,000.
  4. Taxation
    • There is no form of taxation in the Cayman Islands relating to individuals, companies or trusts.
    • The Cayman Islands is not a party to any double tax treaties.
  5. Reporting Requirement
    • There is no requirement to file audited accounts with the authorities.
    • However, an annual return has to be filed with the authorities.
  6. Time Taken to Incorporate
    • About 10 days