The Cayman Islands are one of the world’s most famous tax havens. Located in the Caribbean they are an English-speaking dependent territory of the United Kingdom and a popular jurisdiction for an offshore company formation. The Cayman Islands offer the traditional benefits of a tax haven since they currently have no Income tax or corporation tax; no capital gains tax; no inheritance tax or other estate taxes. A Cayman Islands company can trade anywhere in the world except within the Cayman Islands.

Key Features

Cayman Islands Exempt Company

Corporate Details

General

  • Type of Entity

Exempt Company

  • Type of Law

English Common Law

  • Registered Office in¬†Cayman Islands
Yes
  • Shelf company availability

Yes

  • Our time to establish a new company

4-5 Business days

  • Corporate Taxation

No

  • Access to Double Taxation Treaties

No

Share capital or equivalent

  • Standard currency

US$

  • Permitted currencies

Any

  • Minimum paid up

US$ 1

  • Usual authorized

US$ 50,000

Directors

  • Minimum number

1

  • Local required

No

  • Publicly accessible records

No

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Members

  • Minimum number

1

  • Publicly accessible records

No

  • Corporate members allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

No

  • Local or qualified

No

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

No

  • Requirements to file accounts

No

  • Publicly accessible accounts

No

Others

  • Requirement to file annual return

Yes

  • Migration of domicile permitted

Yes

Advantages

  1. All documents and legislation are in the official language of English
  2. There are no annual reporting, accounting or auditing requirements for an Offshore Cayman Islands Company
  3. Only one shareholder and one director is required. These can be the same person or a corporate body and do not need to include a local
  4. There is a complete lack of direct taxation; no corporation, property, capital gains or withholding taxes. This legislation is backed by a 20 year government guarantee (rising to 30 years on application) enabling long term business planning
  5. There is no minimum capital requirement for a Cayman Island Company formation
  6. The business does not need to be run from the Cayman Islands. It can be run from anywhere in the world

The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.