Cayman Islands Offshore Company Overview 

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Features

General
Type of entity	Exempt
Type of law	Common
Shelf company availability	No
Minimum government fees (excluding taxation):	US$575
Corporate taxation	None
Double taxation treaty access	No
Share capital or equivalent
Standard currency	US$
Permitted currencies	Any
Usual authorised:	US$50K
Directors or Managers
Minimum number	One
Local required:	No
Publicly accessible records	No
Location of meetings	Anywhere
Members
Minimum number	One
Publicly accessible records	No
Location of meetings:	Anywhere
Company Secretary Required	No
Local or qualified	No
Accounts
Requirement to prepare	Yes
Audit requirements	No
Requirement to file accounts	No
Publicly accessible accounts	No
Other
Requirement to file annual return	Yes
Change in domicile permitted	Yes

General Information

The Cayman Islands consists of a group of three islands in the Caribbean. The main Island, Grand Cayman, is situated approximately 1,150 kilometres south of Florida. 

• Infrastructure And Economy

The economy of the Islands is strong, enjoying full employment with most of the revenue being derived from the financial services sector and tourism. 

Miami is one hour away by air and the Island has direct air links with New York, Atlanta, Tampa, Houston and Jamaica. The Islands are a popular cruise-ship stop.

• Language

The official and spoken language is English.
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• Currency

Caymanian Dollar.

• Exchange Control

None.

• Type of Law

Common Law based on English Common Law...

• Principal Corporate Legislation

The Company Law of the Cayman Islands is based on the English Companies Act of 1948 and can be found in the Cayman Islands Companies Law of 1960, as amended.

Company Information 

• Type of Company for International Trade and Investment

Exempt Company.

• Restrictions on Trading

Cannot trade within the Cayman Islands, own real estate in the Cayman Islands. Cannot undertake the business of banking, insurance business or mutual fund business unless licensed. Cannot solicit funds from the public..

• Powers of Company

A company incorporated in the Cayman Islands has the same powers as a natural person.

• Language of Legislation and Corporate Documents

English.

• Shelf Companies Available

No.

• Language of Name

Names can be expressed in any language using the Latin alphabet, if the Registrar of Company receives a translation thereof. The corporate documents will however be in English.

• Registered Office Required

Yes, must be maintained in the British Virgin Islands, and must be maintained at the office of a licensed management company.

• Name Restrictions

Any name that is identical or similar to an existing company, or any name that suggests the patronage of the Royal Family or the Government of the British Virgin Islands.

• Suffixes to Denote Limited Liability

Limited, Corporation, Incorporated, Société Anonyme, Sociedad Anónima or their relevant abbreviations.

• Disclosure of Beneficial Ownership to Authorities

No.