Introduction
Cayman Islands, situated in the West Caribbean Sea, 640 km south to Miami and 268 km northwest to Jamaica, belongs to British Overseas Territory. Cayman is one of the two offshore jurisdictions accepted by Hong Kong Stock Exchange for listing in Hong Kong.
Cayman Islands Companies Act is based on English Common Law. Companies are of two categories: Exempted Company and Non-Resident Company. Exempted Company is a more popular form of registration, the name of which need not end with "Limited", and it can apply for a 20-year term tax exemption certificate to further increase its tax advantages.
Benefits
- Do not require Company Secretary.
- Secure the privacy of personal details of the director and the shareholder with greatest confidentiality.
- Convenience on transfer of Shares (No stamp duty / restriction).
- Able to open a bank account in Hong Kong.
- Do not require to submit Annual Return.
- Not required to submit the company accounts annually.
- Tax exemption for offshore company.
Key Corporate Features
| General Information | |
|---|---|
| Political Stability | Good |
| Type of Company | IBC |
| Legal System | Common Law |
| Corporate Requirement | |
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Registered Address | Yes |
| Company Secretary | Optional |
Setup Requirement
Setup Procedure |
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| Ready-made list for Ready-made Company | Tailor-made Company (3 intended names in order of preference) | |
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| Provide Due Diligence documents of the shareholders and the directors passport or I.D Card, utility bill and registered proportion of shares | ||
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| Arrange all shareholders and directors to sign the documents | ||
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| To set up a Ready-made company within 5 working days | To set up a Tailor-made company within 10 working days | |
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| Company incorporation completed with a document box which includes Certificate of Incorporation, M&A and Share Certificates, etc. | ||
Company Maintenance
Service Fee
| Incorporation Fee | HKD50,000 |
|---|---|
| Incorporation documents | |
| Provision of Registered Agent for a year | |
| Obtaining a Certificate of Incumbency from the registered agent for opening bank accounts | |
| Box set | |
| Disbursements - Local transport, courier and miscellaneous | HKD500 |
| Arrange and provide a set of certified corporate documents for opening a Bank Account | HKD2,000 |
| Obtaining a Certificate of Good Standing from the registered agent for opening bank accounts | |
| Renewal Fee | HKD48,000 |
Contact Us
- Address Unit 503, 5/F, Beverley Commercial Centre, 87-105 Chatham Road South, Tsim Sha Tsui, Kowloon, Hong Kong
- Tel (852) 2375 3733
- Fax (852) 2375 2292
- E-mail info@inchk.com
