The Cayman Islands Monetary Authority (CIMA), regulates and supervises the registration and operations of securities business licensed in the Cayman Islands under the Securities Investment Business Law (SIBL).

Key Features

In accordance with the Securities Investment Business Law (SIBL), persons engaging, ‘in the course of business’, in securities investment business, must be licenced.

Legal Requirements

Requirements

Description

General

  • Corporate  vehicle permitted

Cayman Company or Limited Partnership

  • Application fee

USD 610 (Securities Advisor & Broker Dealer)

  • Annual license fee

USD 9,800 (Securities Advisor & Broker Dealer)

  • Local physical office required

Yes

Share capital or equivalent

  • Minimum paid up capital

None

Directors

  • Minimum number

2

  • Corporate directorship allowed

Yes

  • Local director required

No

Shareholders

  • Minimum number

2

  • Corporate shareholders allowed

Yes

  • Local  shareholders required

No

Service Providers Required

  • Company Secretary
No

Tax Treatment

Tax neutrality: no capital gains, income, profits, corporation or withholding taxes

Duration to Set Up

About 3 months

Distinctive Benefits of Licence

  • Tax neutrality: no capital gains, income, profits, corporation or withholding taxes.
  • Ease and speed of set up
  • Credible global reputation of license

The Valsen Advantage

  • End to end comprehensive service
  • Speedy and efficient service
  • Expert advice on structuring options
  • Dedicated ongoing compliance support
  • Extensive network pool of service providers