| GENERAL INFORMATION |
| |
| Location | Caribbean, 580 miles south |
| Population | 30,000 |
| Native language | English |
| Currency | Cayman Islands dollar |
| Political status | Crown Colony, very stable |
| Constitution | Extended by Order-in-Council |
| Banking & professional facilities | Excellent |
| Legal system | Modelled from the British Common Law, with local statutes |
| Offshore specialities/expertise | Banking, insurance, mutual funds, finance, corporate domicile |
|
| TAX REGULATIONS |
| |
| Income tax |
|
 resident | No |
| non-resident | No |
| Trusts |
|
| resident | No |
| non-resident | No |
| Corporate tax |
|
| resident | No |
| non-resident | No |
| exempt % | No |
| Estate duty | No |
| Withholding taxes | No |
| Exchange controls |
|
| resident | No |
| non-resident | No |
|
| TRUSTS |
| |
| Are trusts permitted? | Yes |
| Perpetuity period | Life in being plus 21 years or 150 years |
| Accumulation period | Same as perpetuity |
| Statutory trust law | Yes |
| Trust duty | No |
| Forced heirship exclusion | Yes |
| Asset protection measures | Yes |
| Trust register | Yes, for exempted |
| Resident trustee/s required | No |
| Regulation of trustees | Yes |
|
| CORPORATION LAW FACTORS |
| |
| Type of corporate vehicles | Exempted companies, non-resident companies, limited duration corporations |
| Incorporation time scale | One day |
| Fees: Incorporation - Government | Exempted company with G$42,000 authorised capital Cl$470 incorporation; nonresident Cl$400 incorporation |
| Other | Limited duration corporation - Cl$470 |
| Annual - Government | Exempted - CIS470; Non-Resident -CIS400 |
| Fees: Other | Limited duration corporation - CI$470 |
| Resident directors required | No |
| Min number of directors required | One |
| Directors meetings required | One per year, can be held by proxy |
| Other requirements | N/A |
| Beneficial ownership disclosure | No |
| Shareholder disclosure | No |
| Minimum number of shareholders | One |
| Bearer shares allowed | Yes, for exempted company only |
| No-par value shares allowed | Yes |
| Public share register | No, not for exempted companies |
| Shareholders meetings required | No, for exempted; Yes, for non-resident |
| Location/frequency | Non-resident - one per year |
| Place | No requirement to have shareholder meeting on Cayman Islands |
| Annual return required | Yes |
| Audit required | No |
| Foreign currency accounting allowed | Yes |
| Registered office | Yes |
| Registered agent | Yes - same as office |
| Stamp/capital duty | No |
| Naming your company | Choice of name available, names which include Royal, Imperial, Empire, Bank, Insurance, Building Society are restricted |
| Company mobility provisions/redomicility rules | Provided for in law and flexible |
