Incorporation - Cayman Island
Cayman island Company
Benefit of setting up a business in Cayman Island
Lower cost for Incorporation
The Cayman Island has no requirement for initial capital. It is one of the most important you need to consider when you are choosing a place to incorporate.
No requirement for Annual Report, Accounting or Auditing
The Cayman Island is a self-governing British Overseas Territory in the western Caribbean Sea. And Cayman Island does not have a requirement for annual report, accounting and auditing
Low Tax Rate
Tax is always the main concern of starting a business. But in Cayman Island, there is no income tax, no property tax, no capital gain tax, no payroll tax and no withholding tax.
Freedom of naming
There is only a few limitations for naming your company. Therefore, you can name your company freely.
International transaction and/or investment
The assets of the company can be transferred freely to different countries. There is no limitation of moving your money around.
Everything you need to know about Cayman Island Company
Procedures For Cayman Island Company Set Up
- Name check - we need to avoid identical company as it is not allowed
- Submission of documents and payment of fees
- Registration of the Company
Requirement of setting up a business in The Cayman Islands
- At least one shareholder, no nationality restriction
- At least one director
- No minimum capital