|General Information||The Cayman Islands is a British territory situated south of Florida in the Caribbean . Cayman offers a sound English legal system and a stable political environment.|
|Company Name||You may choose to incorporate a company with a name of your choice. We can arrange to have the name searches done in Cayman within 48 hours. Incorporation can be assured a week after due diligent process and documents will be available in 2-3 weeks.|
|Taxation||Cayman companies are exempt from income tax as long as it does not carry on business in the Cayman.|
|Filing Requirement||Annual Returns must be filed with the local Companies Registry every year in January. The annual return of an exempted company merely states that the Company has observed Cayman Law. However, audit can be waived at the annual general meeting. There is no requirement to file accounts with the Registrar. However, directors must hold one meeting in Cayman every year and this is normally done by proxies.|
The Register of Members and Directors must be submitted to the local agent. The agent does not have to file the Register of Members at the Government Companies Registry but the Register of Members must be available for inspection by the Companies Registry. The Registrer of Directors must be filed at the companies registry but not subject to public exemption.
Recently, the Cayman authorities have amended their regulations and directors and beneficial shareholders have to be disclosed to the local agents. In addition, Bi-lateral agreements have been signed with USA government for disclosures of such information on court investigation situations.
|Structure||A Cayman Company only requires one director and one shareholder, each of whom can be individuals or companies.|
|Registered Office||A Cayman company must have a Registered Address in Cayman and a Registered Agent in the Cayman.|