Cayman Islands Company
About Cayman Islands
The Cayman Islands are a British Overseas Territory which comprises three islands in the Caribbean Sea.
The financial services sector is one of the main industries in the Cayman Islands, and there is a substantial commitment to the continued development of the offshore financial services industry.
Throughout the global community the Cayman Islands is recognized as a sophisticated international financial center. The reputation and popularity of the Cayman Islands have increased significantly, particularly in Asia, as it is one of only two offshore centres approved by the Hong Kong Stock Exchange for public listing in the Hong Kong bourse. The Cayman Islands established its own Stock Exchange in 1997.
General Information
- Official Language: English
- Legal System: English Common Law
- Currency: United States Dollar (USD)
- Time Zone: GMT -5
Features and Benefits
- A major international financial center. Number of global financial institutions have established branches or subsidiaries in the Cayman Islands
- Approved by the Stock Exchange of Hong Kong for public listings in Hong Kong
- Favoured jurisdiction for mutual funds and trusts
- Company names in English and Chinese are accepted
- Non-publicly director and shareholder information
Setup Requirement
Set up a Cayman Islands Company is fast and easy. There are no restrictions on nationality of Shareholders or Directors.
Company Name
- English name; or
- Both English and Chinese name
Shareholder(s) and Director(s)
- No nationality restriction;
- Minimum one shareholder and one director;
- Corporate shareholder and director is acceptable; and
- A copy of passport and residential address proof are required for company registration.
Registered Address
- A registered address is required in Cayman Islands;
- A correspondence address is required; and
- Client should maintain an alternative address for operation
Capital Requirement
- Standard authorized capital is USD 50,000
- Company can decide the par value per share (e.g. USD 1 per share)
Key Corporate Features
Below is an overview of key corporate features of Marshall Islands Company. ATRIX strongly recommends that applicable professional advice be taken prior to purchasing a company or establishing any corporate structure.
General Information
| British Based Legal System | Yes |
| Type of Company | Exempted |
| Business Act / Ordinance | The Companies Law |
| Migration of Domicile Permitted | Yes |
Registration Requirements
| Authorised / Paid-up Share Capital | USD 50,000 (standard) |
| Minimum No. of Shareholder(s) | 1 |
| Minimum No. of Individual Director(s) | 1 |
| Corporate Directors Permitted | Yes |
| Local Registered Office/Address | Yes |
| Company Secretary Required | No |
Disclosure
| Public Disclosure of UBO | No |
| Government Filing - Shareholders | No |
| Government Filing - Directors | Yes |
Annual Requirements
| Annual Return / Declaration | Yes |
Days for Completion (Estimated)
| English Name | 7 |
| English and Chinese Name | 15 |
Cayman Islands Company Annual Renewal
Atrix will send reminder to clients and help to arrange the renewal matter.
Renew fee including:
- For standard authorised capital USD 50,000
- Annual HK Correspondence Address Parking
Penalty of Late Renewal
Atrix will send reminder to clients and help to arrange the renewal matter.
| License renewal due date | Atrix Reminder |
|---|---|
| Every year on November - 15th | Every year on September - 1st |
Penalty example
| Renewal overdue | Penalty |
|---|---|
| Within 30 days | USD 285 |
| Over 30 days but not more than 60 days | USD 570 |
| Over 60 days but not more than 90 days | USD 855 |
| Over 90 days | please contact us |
* Fees may vary and will be subject to the final decision of the registered overseas agent.
Jurisdictions we offer:
