Cayman company registration conditions/process/information

Company registration follow-up services

Renewal

Annual inspection or license renewal must be reported in compliance with national and regional requirements on schedule, otherwise a fine will be incurred

Company Name Change

Change of company name during the operation of the company

Change of shareholders and directors

Changes in shareholders and directors during the company's operations

Amendment of Articles of Association

Assist the company's board of directors to revise the company's articles of association according to the company's actual operating conditions and relevant laws, regulations and regulatory requirements

Good Certificate Application

Generally, we will assist in providing relevant certificates upon request from the bank.

Agent Change

Change of agent during the company's operation

Application for Director's Certificate of Incumbency

Generally, we will assist in providing relevant certificates upon request from the bank.

Company deregistration

After the company confirms that it will not continue to operate, it must submit relevant information for cancellation in a timely manner to avoid subsequent fines

Advantages and Disadvantages of Registering a Cayman Company

Profit

  • Cayman has a stable political, economic and trade environment;
  • Possess good financial and legal facilities;
  • The Cayman government protects the interests of shareholders and does not disclose the identities of beneficiaries;
  • The government encourages economic development and attracts foreign investment. One person can register a limited company.
  • The government provides privacy protection for enterprises. The information of directors and shareholders is kept highly confidential and never disclosed to the public.
  • Freedom of naming, allowing the use of multiple national company endings;
  • There is no upper limit on registered capital and no stamp duty is required;
  • There are no restrictions on business scope and no foreign exchange controls;
  • There is no need to issue an audit report, just keep the data to reflect the economic status;
  • Profits from offshore operations are not subject to profits tax.

Disadvantages

  • First, there is no need for small and medium-sized enterprises to go through the trouble of registering in the Cayman Islands. Large companies register in the Cayman Islands partly because they already have a large enough domestic market and are ready to enter Nasdaq to achieve a roundabout overseas listing. However, small and medium-sized enterprises do not need to do so.
  • Thirdly, companies registered overseas may not be able to enjoy corresponding government subsidies. For example, when Hyundai Motor first started selling in China, the government subsidies were very large; but if it was registered overseas, there would be no such subsidies because the tax rate is low.
  • Finally, it weakens the national brand consciousness. For example, when Samsung of South Korea was preparing to go public on NASDAQ, it registered in Cayman, but the domestic response was very strong, so it moved the company back to the country. It can be seen that South Korea has a very strong national brand consciousness. Therefore, registering in China can also strengthen national consciousness and enhance brand recognition to a certain extent.
Welcome to call us for consultation. We will provide you with professional advice on whether it is suitable to register a Cayman company based on your company's comprehensive business situation.

Cayman company registration FAQ

The Cayman Islands consists of three islands in the Caribbean Sea. The main island is Grand Cayman. It has a developed economy and full employment. Most of the government’s revenue comes from financial services
and tourism. The official language is mainly English, and the common currency is the US dollar. The government has given great
support . The reputation and popularity of the Cayman Islands are increasing, especially in Asia, because it is
one of the only two offshore legal districts approved for listing on the Hong Kong Stock Exchange. In 1997, the Cayman Islands established its own stock exchange. The Cayman legal system is established based on the British common law system.

1. There are no additional regulations to restrict trade development;
2. The political stability is good, and there is no tax on foreign profits;
3. There is no foreign exchange control, and funds can be flexibly mobilized; 4. The name of the company type is an exempted company and does not need to end with the word “LIMITED” (i.e. “limited”);
5. Good confidentiality. The tax-exempt company in Cayman enjoys exactly the same rights as a natural person;
6. The Cayman Islands has no taxation at all, and no tax is levied on individuals, companies or trust industries;

1. Capital requirements: The Cayman Islands government does not restrict the registered capital of its offshore companies, but generally adopts US$50,000 as the minimum registered capital, which can be divided into 50,000 shares, with US$1 per share.
2. Shareholder requirements: A registered Cayman company must have at least one shareholder, who can be a natural person (over 18 years old) or a legal person, without nationality restrictions; the director’s information must be disclosed to the company registry, but this information will not be made public for public inquiries.
3. Director requirements: A registered Cayman company must have at least one director, who can be a natural person (over 18 years old) or a legal person, without nationality restrictions;
4. Name requirements: There are no special requirements for the name of a registered Cayman company, which generally ends with “LIMITED”. If the words “bank”, “trust”, “insurance”, “fund” and so on appear, they need to be licensed by relevant government departments.
5. Tax requirements: No tax needs to be declared or paid, except for the annual license fee.
The Cayman Islands has no taxation at all, no tax is levied on individuals, companies or trusts. Therefore, the Cayman Islands is known as a real tax haven. The Cayman Islands received a royal decree in 1978, which stipulates that the Cayman Islands will be exempted from taxation obligations forever. This decree is still in effect. You can also apply for a 20-year certificate to further guarantee its tax-free status. There is no profit tax or property tax. The only tax is stamp duty, which is required for any transfer or mortgage of real estate.
There are no special requirements for the company name. Unless authorized, the company name cannot contain words such as BANK, TRUST, MUTUAL FUND, INSURANCE, or REINSURANCE.
Cayman companies have good confidentiality. Cayman tax-exempt companies enjoy exactly the same rights as a natural person. Exempt companies must submit annual inspection reports every year, but the annual inspection reports do not need to disclose information about the company’s directors and members. In April 2001, the Cayman government issued new regulations requiring all companies to disclose information about the company’s principals, members, beneficiaries and authorized persons to the registered agent. This regulation applies to all new companies, and registered companies must provide relevant information within a certain period of time. The relevant information is considered a commercial secret and is governed by the Confidential Relationship Maintenance Law. Therefore, anyone who discloses the information or attempts to obtain the information or obtains the information through illegal means will be guilty of a criminal offense.

Our advantages

Professional and efficient

According to the needs, we provide customers with professional and fast solutions

Full service

One-stop professional services from company registration to annual review, account opening, audit and tax filing, etc.

Confidentiality and perfection

The confidentiality system is perfect and customer privacy is not leaked

Contract protection

Formal institution, contract guarantee, transparent fees, no hidden costs