Information required to register a Cayman company

A royal decree in 1978 stipulates that the Cayman Islands will always be exempted from tax obligations. Therefore, the Cayman Islands has no direct tax at all and does not levy any direct tax on individuals, companies or trust industries. As the world's fifth largest financial center, Cayman company is regarded as the most commonly used tool for listing or overseas financing.

1. The names and addresses of directors and key officers must be filed with the Companies Registry

2. Company name to be used (provide at least two names in order of priority)

3. Authorized registered capital of the exempted company to be incorporated

4. If the business scope of the exempted company is to be restricted, the customer must provide detailed information about the purpose and business scope of the company

5. The names and addresses of shareholders or beneficiaries, whether registered or bearer shares are issued, and the number of shares to be distributed to each shareholder or beneficiary

6. Class and par value of shares to be issued by the exempted company to be incorporated

Benefits of registering a Cayman company

In this case, registering an overseas offshore company has become a shortcut for enterprises to go to the world and carry out transnational business.

Help enterprises avoid trade barriers

Enterprises (especially those from developing countries) exporting products to the United States and other developed countries usually need to apply for quotas and a series of relevant procedures, which will cost 1 ~ 2 times more.

Circumvention of foreign exchange control

It is convenient for enterprises to carry out capital operation. The Caribbean offshore financial center does not have any foreign exchange control, and the capital transfer of international commercial companies registered here is unrestricted, which is very attractive to enterprises in countries with foreign exchange control.

There are few information disclosure requirements

The confidentiality provisions are relatively strict, which is conducive to enterprises to maintain business operation secrets. In Cayman, provisions conducive to confidentiality are implemented for international business companies registered locally.

The tax burden is slight to avoid double taxation

The tax burden of offshore financial centers on all kinds of international business companies and offshore companies is very slight, and almost all Caribbean offshore financial centers have signed double taxation treaties with major economic powers.

Registration is convenient and the cost is very low

The registration procedure of Cayman company is very simple. It is completed by a professional registration agency. It does not need the registrant to operate in person at the place of registration. It can also register online. Registration is usually completed on the same day.

Simple company management

The offshore company does not need to hold the general meeting of shareholders and the board of directors every year. Even if it is held, it can choose its place arbitrarily, with a large degree of freedom. Many offshore financial centers have no minimum capital requirements for international business companies.