Cayman Islands Exempt Company

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.