CAYMAN ISLANDS
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• Advantages

• Setup requirements

• Setup procedure

• Setup cost

• Maintenance cost

• In General
• Restriction

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Advantages



- Strategic holding for China & international investment.

- Only one shareholder and one director required, natural or corporate of any nationality allowed.

- Acceptable jurisidiction for listing in most countries.

- No financial statements required.
- Exempt Company.

- Beneficiary owner only disclosed to agent. Details do not appear on the public register.

- all the powers of a natural person.

- There is no form of taxation relating to individuals, corporations or trusts.
has no double tax agreements. You are welcome to discuss whether Cayman offshore company is suitable for your purpose, both strategically and financially. [ Back to top ]

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Setup requirements

- Minimum 1 shareholder + 1 director

- Minimum US$1 issued and allotted share capital

- Registered address in the offshore country

- Corresponding address in Hong Kong for license renewal purpose
- The normal authorized share capital is US$ 50,000, which may be expressed in any currency.

- The names and addresses of the proposed first directors must be disclosed to the Registrar.

All setup information will not be available for public search. However, you may have to disclose when opening bank a/c. Back to top ]

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Setup procedure

- Decide which professional firm to appoint for company formation

- Give shareholder / director / corresponding address information to appointed professional

- Give photocopy of identities

- It usually takes 2-3 days for a company to be formed.

For exempt companies: Submit the Memorandum and Articles of Association and registration fee to the Registrar of Companies, accompanied by a sworn statement declaring that the business activities of the proposed company will be undertaken mainly outside the Cayman Islands.

Download [ Incorporation Order Form - Cayman ] to guide you through the requirement.

Chandler Partners provides hassle free services from company name search, to Hong Kong corresponding address. Please contact us for detail. For ready-made company, please call us for a list for your selection. Back to top ]

Download form [Incorporation Order Form - Cayman Islands ]

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Setup cost

US$3,500

(including 1st year government charges, full set of printed material, chops)

Optional services:

- Secretary fee US$320 (including provision of HK corresponding address)

- Bank A/C open handling fee for HK bank US$320

- Certificate of Good Standing US$450

- Certificate of Incumbency US$450


Chandler Partners services are priced such that SMEs can afford quality services of our experienced professionally qualified accountants. [ Back to top ]


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Maintenance cost


- Annual company renewal US$1480

- Optional secretary fee US$320 (including provision of HK corresponding address)

- No annual accounting, tax filing and auditing required



Chandler Partners is formed by professional accountants. In daily operation of your offshore company, we are capable of providing total solution and services IN-HOUSE and making all services most efficient and cost effective to clients. Back to top ]

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In General

The Cayman Islands are a British colony and therefore the United Kingdom Parliament at Westminster has the right to legislate. This has important implications for the future of confidentiality although not for the other aspects of incorporating in the Caymans. The titular leader of the islands is a Governor who is appointed by the Queen who heads the Cayman Islands Government and is responsible for the civil service, defense, law and order and external affairs. There is a Legislative Assembly consisting of 12 elected members plus the Financial Secretary, the Attorney General and the Administrative Secretary, which may make laws with the consent of the Crown.

The OECD, EU and the United States government are all taking measures to create greater transparency in the ownership of bank accounts and of companies wherever they are able to apply sufficient pressure. Although the Cayman Islands are for the moment not affected, it cannot be guaranteed that this situation will remain because of the strong political and economic links to Great Britain and the United States.

There are excellent telephone, fax and telex facilities with direct long distance dialing to and from the rest of the world. The economy of the Islands is strong, enjoying full employment. Most of the revenue being derived from the financial services sector and tourism. The islands are served by two international airlines as well as Cayman Airways. Miami is one hour away by air. There are direct air links to New York, Atlanta, Tampa, Houston and Jamaica. The islands are a popular cruise-ship destination.


The official and spoken language is English.
The official currency is the Caymanian Dollar. There are no exchange controls.


You are welcome to discuss whether Cayman company is suitable for your purpose, both strategically and financially. Back to top ]

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Restriction

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.

Cannot use the following terms: bank, insurance, assurance, reinsurance, trust, municipal, charter, co-operative, their foreign language equivalents or any name that, in the opinion of the Registrar, would suggest a connection with a Royal family or Government authority.
Names can be expressed in any language using the Latin alphabet, if the Registrar of Company receives a translation thereof. The corporate documents must be in English. (Note - if language is important, please check out Samoa incorporation. There you may use any language for your name and company documents.)
There is no requirement to utilise a suffix to denote limited liability. We suggest that you consider using one of the following suffixes: Limited, Incorporated, Corporation or their abbreviations.


Chandler Partners provides hassle free services from company name search, to Hong Kong corresponding address. Please contact us for detail. For ready-made company, please call us for a list for your selection. Back to top ]

 

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