Cayman Island

Advantages of Incorporating in the Cayman Islands

• Exemption from all local taxes and stamp duty
• Maximum confidentiality and anonymity
• Ease of operation, maintenance and control
• Asset security
• No disclosure or minimum capital requirements
• The minimum number of shareholders is one
• The minimum number of directors is one
• Corporate directors and shareholders are permitted
• Excellent and flexible post-incorporation follow-up services
• No statutory requirement to hold annual general meetings

Principal Corporate Legislation

The Companies Laws 2007 as amended.

Language of Legislation and Corporate Documents

The official and spoken language is English.

Currency

Cayman Islands Dollar (KYD).

Type of Law

Common.

General

Type of Company	Exempt Company.
Share Capital	Standard authorised share capital is US$50,000. Minimum paid up share capital is US$1.
Classes of Share Available	Registered shares of no par value, preference shares, redeemable shares and shares with or without voting rights.
Bearer Shares	Not permitted.
Restrictions on Trading	Cannot trade within the Cayman Islands. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Office Required	Yes, must be maintained in the Cayman Islands.
Directors	The minimum number of directors is one. Director can be of any nationality and need not be resident in the Cayman Islands. Corporate directors are permitted.
Shareholders	The minimum number of shareholders is one.
Publicly Accessible Records	No.
Nominee Shareholders and Nominee Directors	Allowed.
Location of Meetings of Directors and Shareholders	Anywhere.
Disclosure of Beneficial Ownership to Authorities	No.
Personal Presence Required	No.
Taxation	Nil.
Double Taxation Treaty Access	None.
Requirements to File Accounts	None.
Requirement to File Annual Return	None.
Audit Requirements	None.
Restricted Words	Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Name of a Company	The words “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anonima” or Ltd, Corp., Inc., S.A. must be part of the name of every company.
Time to Incorporate	Two days.