Cayman Islands

The formation of a Cayman Islands Company is a tax efficient solution forinternational entrepreneurs.
‍
Some of the many benefits of incorporating a companyin the Cayman Islands are listed below:

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

The procedure for the formation of a Cayman Islands Offshore Company is fast and efficient. The general process is as follows:

For an individual, the following documents are required:

•  A completed application form with details ofpreferred name and beneficial directors and shareholders (nationality, countryof residence, address, profession etc.).
  
• A scanned and notarised copy of the passportsof the Beneficial Directors and shareholders are required.
  
• A photocopy of another official document (suchas Driving License, ID Card etc.) notarised to confirm the copy is a true copyand the photo holds a true likeness.
  
• An original proof of residence showing the name and address of the individual. This can be in the form of a utility bil lor bank statement and must not be older than 3 months.
  
• Two original letters of introduction. This can be from a bank, Lawyer, Accountant or similar profession.
  

For a Company, the following documents are required:

• A certified copy of the Certificate ofRegistration.
  
• A certified copy of the Company’s Memorandum and Articles of Association.
  
• A certified copy of the Registered Shareholders with details of shares held by each.
  
• A certified copy of Register of Directors.
  
• A certified copy of the Register of Offices.
  
• For at least 2 Directors, the documents setout in ‘Individual’ section above.
  
• At this point Eltoma, will issue an invoice for a Cayman Islands Company Formation. Upon receipt of payment we can start the incorporation process.
  
• The Memorandum and Articles of Association will be sent to the Registrar of Companies along with a sworn statement that the company will conduct business activities outside of the island. The Memorandum of Association will include: the company name, the company’s registered office address, the company’s function and objectives, the company’s share capital and an explanation of liability.
  
• Once the Memorandum of Association has been accepted, The Registrar of Companies will issue the company a Certificate of Incorporation.
  

Detailed Service Price List- Cayman Islands Company Incorporation

If you have any questions regarding incorporation in the Cayman Islands, please contact our specialists: info@eltoma-global.com