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The Cayman Islands
Jurisdictions

Location

Caribbean, between Cuba and Central America

Area
262 sq. km.
Population
43,103
Capital
George Town
Language

English

Currency
Cayman Islands Dollar, CI$1.00 = US$1.20
Legal system

based on Common Law

Type of company

Exempt Company, Non-resident company

Minimum authorised share capital

not fixed, standard USD 50,000

Paid capital
not fixed
Minimum number of shareholders
one, individual or corporate, resident or not
Minimum number of directors
one, individual or corporate, resident or not
Nominee services
available
Bearer shares

available for Exempt companies, but must be kept with a Custodian in the Cayman Islands

Public disclosure of beneficial owners
no, but details (including passport copies and references) for directors, shareholders and beneficial owners must be provided to the registered agent; Register of Director of Exempted companies must be filed with the Registrar (not a public document), for non-resident companies – Register of shareholders (public documents)
Taxation

annual government fee of USD 573 (for share capital up to USD 50,000)

Submit annual return and accounts

no

Annual audit
not required
Shelf companies

not available

Time to supply documents
7-10 business days
Need to travel

no

Additional information
Hague Convention 1961 applies, no tax agreements

 

Jurisdictions

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FAQ
What is offshore?

The word "offshore" has no precise legal dictionary definition, it simply means "situated or operating in a foreign country or at some distance from the shore" and reflects the fact that most low tax jurisdictions are islands.

read more >>

Portfolio of Laws
- BVI - Trustee (Amendment) Act, 2003

- Cayman Islands - The Companies Law (CAP.22) - (2002 Revision)

- Cyprus - The Income Tax Law of 2002

more laws >>

Comparison Table >>
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G.S.L. Law & Consulting