Cayman Islands
LocationCaribbean, 580 miles south
Native language English
CurrencyCayman Islands dollar
Political statusCrown 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/expertiseBanking, insurance, mutual funds, finance, corporate domicile

Income tax
non-resident No
non-resident No
Corporate tax
non-resident No
exempt %No
Estate duty No
Withholding taxes No
Exchange controls
non-resident No

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

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 requiredOne
Directors meetings required One per year, can be held by proxy
Other requirementsN/A
Beneficial ownership disclosure No
Shareholder disclosureNo
Minimum number of shareholdersOne
Bearer shares allowed Yes, for exempted company only
No-par value shares allowed Yes
Public share register No, not for exempted companies
Shareholders meetings requiredNo, for exempted; Yes, for non-resident
Location/frequency Non-resident - one per year
PlaceNo 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