Cayman Islands companies law is based on English common law. Exempted Companies are the most popular category of Cayman Islands companies. The Cayman Islands were granted a royal decree in 1798 to permanently exempt them from taxation, which is still in force today. Exempt companies can apply for a tax exemption certificate that is valid for up to twenty years. The Cayman Islands is the world's fourth largest offshore financial centre, and companies registered in the Cayman Islands are called Cayman companies, commonly found in [VIE] transaction structures for listing offshore or in Hong Kong. 

Cayman Company Advantage

[1] The government provides privacy protection for enterprises, and the information of directors and shareholders enjoys a high degree of privacy and absolute confidentiality

[2] The government encourages economic development and attracts foreign investment, and one person can register a limited company

[3] There are no restrictions on the scope of business and no exchange control

[4] Company names can be used in both English and Chinese

[5] Profits derived from offshore operations are not subject to profits tax without the submission of audit reports and financial statements

[6] Enhance corporate image and facilitate financing

[7] There is no upper limit on the registered capital, and there is no need to pay stamp duty;

[8] The political, economic and trade environment is stable and has good financial and legal facilities

[9] Approved to list on the Hong Kong Stock Exchange

Requirements for incorporating a Cayman company

[1] One or more shareholders and directors, none of whom are subject to nationality restrictions

[2] All shareholders and directors must be over 18 years of age

[3] All shareholders must present a copy of a valid ID card or passport and proof of address

[4] Where the enterprise is a shareholder, the enterprise must submit a copy of the business license and the identity card of the legal representative

[5] The standard registered capital is USD 50,000

Time required to apply for a Cayman company

Approximately 3 weeks after receipt of the signed file, the customer can choose to pay the expedited fee to receive the expedited service. In the event of an urgent period, the time required for the Registry to issue the Certificate of Registration will be reduced from the original 5 to 7 working days to 2 working days.

Data required to register a Cayman company

1. The company name to be used, preferably in Chinese and English, provide 2-3 alternative company names

2. Determine the registered capital

3. Proportion of shares or number of shares held by each shareholder (e.g. more than one shareholder)

4. Photocopy of shareholder and director's passport and address certificate

6. A brief description of the main business of the company to be incorporated

The identification and address documents of the above shareholders and directors need to be verified by our staff, notary office, lawyers, accountants or bank directors.