Location It is a British overseas territory located in the West Indies and composed by 3 islands the Grand Cayman, Little Cayman and Cayman Brac. The Cayman Islands is the world's fourth largest offshore financial center and is a famous diving spots. It is located in the Caribbean, and is only four hundred kilometers away Miami in Florida.
Language English
Legal System International Business Law
Time Required 25 working days
Advantages 1. Able to list on the Hong Kong Exchange Stock 2. No restriction on business scope 3. No double tax treaty 4. Able to open a bank account in Hong Kong 5. Do not require submitting annual return 6. Not required to submit the company accounts annually 7. Tax exemption for offshore business
Formation Requirement 1. 1 Director 2. 1 Shareholder (no restriction on the nationality; shareholder can also be appointed as Director) 3. Standard issued Share Capital is (US$) 50,000- 4. Increase of share, additional registration fee is required
Documentation 1. Registration documentations 2. Company Incorporation Certificate (C.I.) 3. Memorandum & Articles (M&A) 4. Resolution of the sponsors and board resolution 5. 1 piece of square plastic figure printing (for bank check sealing) 6. 1 piece of Pre-stamp Chop 7. 1 piece of Common Seal 8. 1 Legal Company Statutory Record of shareholders, directors and secretary
Renewal service 1. License fee should be paid in every December to ensure the legal status of the company whether it is incorporated on or before December 31th 2. Within 15 working days 3. Confirm and update company registration information 4. Issue annual inspection certificate and ensure its legitimacy |