Advantages of Registering in Cayman Islands

Over the past decade, the Cayman Islands has seen an average of 10,200 new companies registered annually, solidifying its reputation as a prominent international financial center. There are several compelling reasons to consider registering your company in the Cayman Islands:

Tax Neutrality

Cayman Islands law provides significant tax advantages. Companies incorporated here are not subject to corporate tax, capital gains tax, payroll tax, property tax, or withholding tax on any type of domestic or foreign income. This tax neutrality can lead to substantial cost savings for businesses.

No Foreign Exchange Controls

The Cayman Islands imposes no foreign exchange controls, which facilitates easier international transactions and makes it simpler for companies to list on overseas stock exchanges. This provides businesses with greater flexibility in managing their international finances and operations.

Simplified Management and Maintenance

The administrative burden of managing a Cayman Islands company is relatively light. Reporting requirements are reasonable, annual management fees are low, and there is no mandatory requirement to hold annual shareholders' or board meetings. This simplicity reduces the time and cost associated with ongoing company management.

High Level of Privacy

The Cayman Islands offer a high degree of confidentiality for corporate information. Company shareholder lists are not publicly disclosed, ensuring that ownership details remain private. This level of privacy can be particularly beneficial for investors who prioritize discretion in their business dealings.

These advantages make the Cayman Islands an attractive jurisdiction for company registration, offering tax efficiency, operational flexibility, ease of management, and enhanced privacy protections.

Pre-Registration Checklist

Before proceeding with your company registration, please ensure you have prepared the following information:

Company Name

• No special requirements, but cannot contain words like BANK, GOVERNMENT, CASINO, CHAMBER OF COMMERCE, COOPERATIVE, TRUST, MUTUAL FUND, INSURANCE, or REINSURANCE without authorization.

• English or Chinese names can be used; abbreviations should be avoided.

Company Purpose

• Cayman companies can be used for various purposes including investment, sales processing, trading, shipping operations, stock trading, real estate holdings, patent ownership and licensing, international financing, mutual funds, insurance, securitization, structured finance, and aircraft financing.

Directors

• At least one director is required, who can be a legal or natural person of any nationality.

Shareholders

• Minimum of one shareholder, who can be a natural or legal person of any nationality

Registered Capital

• No minimum capital requirement and no need for capital verification or payment. The standard authorized capital is generally USD 50,000, divided into 50,000 shares at USD 1 per share.

Registered Office

• The registered office must be located in the Cayman Islands.

Contact Move2SG

Move2SG provides comprehensive support throughout the company registration process in the Cayman Islands. Our services include:

• Assisting in the preparation and submission of all required documents.

• Ensuring compliance with all legal and regulatory requirements.

• Offering expert guidance to ensure a smooth and efficient registration process.

For personalized support and expert advice, please contact us.