INCORPORATING A COMPANY IN CAYMAN ISLANDS

Cayman Islands

There are two types of registered companies in the Cayman Islands: Exempted and Non-Resident. Exempted company limited by shares is the more popular option for its versatility and easy set-up. A company may apply to be registered as an exempted company if its operations will be conducted mainly outside of the Cayman Islands or pursuant to a licence to carry onbusiness in the Cayman Islands.

Advantages

  • no requirement to keep its register of members open for public inspection;
  • no requirement to hold an annual general meeting;
  • no requirement for Cayman resident directors;
  • no requirement to include the word ‘Limited’ or the abbreviation ‘Ltd.’ after its name;
  • shares may be issued with nominal or no par value;
  • capital may be expressed in any currency or in multiple currencies;
  • flexibility to transfer the company by way of continuation from another jurisdiction to the Cayman Islands and vice versa; and
  • flexibility to alter the memorandum and articles of association without restriction (although the Registrar must be notified of any changes).

Company Registration Requirements:

  • At least one director/shareholder, which can be a natural or legal person, regardless of nationality;
  • No special requirements for the company name. Unless it is licensed, the company name cannot contain words such as BANK (bank), TRUST (trust), MUTUAL FUND (fund), INSURANCE (insurance), or REINSURANCE (reinsurance);
  • Proof of the addresses of the directors and shareholders, that is, documents with names and addresses, such as utility bills or telephone bills.
  • The standard authorised capital of a registered Cayman company is generally US$50,000, which can be divided into 50,000 shares at USD1 per share;
  • A Memorandum of Association is required to contain certain basic information about the company, including its registered office, its authorised share capital and the objects for which it is incorporated.

Here at RockVentures, we believe in providing all our clients with transparency in our pricing and offering you the fairest service fees.

Contact Us to find out more about our Cayman Islands Incorporation Packages.

Contact Us Today!

No Obligations Advice

    Recommending only the Right Solutions For Your Needs.

    CONTACT US NOW