Cayman Company Registration
Offshore Corporate Formation Service/ Registration Service
Hotline: 86-755-82143512, Email:email@example.com
Cayman Company Registration is also called Cayman company setup, Cayman business setup , Cayman corporate formation , Cayman company incorporation, Cayman business establishment and Cayman business registration.
Cayman is located in the western Caribbean Sea, comprising the islands of Grand Cayman, Cayman Brac, and Little Cayman. It’s an overseas territory of the United Kingdom. The capital and major city of Cayman is George Town, which is located on the south west coast of Grand Cayman. Cayman Islands have different types of companies where you can register your company. When you register, you will need to choose what type of company you’re in, and each type has their designated fees which you will pay annually. It is a global offshore financial services centre. And Cayman corporate formation is a tax-efficient corporate solution for international entrepreneurs.
Types of Cayman Company Registration
Presently, there are four basic types of companies available in Cayman company registration:
1. Resident/Ordinary Companies
Resident/Ordinary Companies are companies with capital less than $42,000; pays for fee of $150 upon registration. If their capital is more than $42,000, their registration fee is $350.
2. Non-Resident Companies
Non-Resident Companies are companies without permanent location and has capital less than $42,000; upon filing a Memorandum and Articles of Association, and its Annual Return of January, the registration fee is $400. If the capital is more than $42,000 then the registration fee is $565.
3. Exempted Companies
Exempted Companies are companies where the activities are held outside the Islands. Most people use these offshore locations for exempt companies for a business which would be barred from carrying out business in Cayman, other than in the requirements for doing offshore businesses. It is also possible that Trust companies, Insurance and Banks can end up being registered as an exempt company, once the required license is done.
With this type of company annual fees are divided into different categories.
With a capital of less than $42,000 has a registration fee of $470.
With a capital between $42,000 and $820,000, the company pays for the registration fee of $660.
With a capital between $820,000 and $1.64 million, its registration fee is $1,384
With a capital more than $1.64 million, then the registration fee are $1,968.
4. Segregated Companies
Segregated Companies are the type of companies for insurance enterprises. The annual fee is the normal exempt registration fee plus $2,000 and an additional fee of $1,000 for each segregated portfolio.
Requirements of Cayman Company Registration
Company Name: Must end with one of the following suffixes: Limited or Ltd.; Corporation or Corp.; Incorporated or Inc.
Shares & Capital: The standard share capital is USD 50,000.00 divided into 50,000 shares of USD 1.00 each. Shares can be issued with or without par value. Bearer shares are permitted but must be held by an authorized or recognized custodian as approved by the Cayman Islands Monetary Authority.
Director: Minimum of one Director. Corporations are permitted.
Secretary: A Secretary is necessary.
Shareholder: Minimum of one Shareholder. Corporations are permitted.
Declarations or Alterations for Cayman Company Registration
Just about all the declarations of this company, which would include the modification of the name or the alterations of their Articles or Memorandum of Association, should be submitted to the Registrar of Companies in fifteen days. In addition, a declaration modifying the company’s directors and representatives or the altering of the registered business office should always be submitted to the Registrar within thirty days. Besides, these companies are required to keep a general meeting each year at least once in the Cayman Islands, as well as file annual returns.
Time for Cayman Company Registration
Usually 3-5 working days are needed, but for legalization of the documents and delivery by courier, it’ll be up to 10 working days.
Tannet’s Service for Cayman Company Registration
Tannet is a qualified professional firm which provide with high quality Cayman company registration service. And there are also a series of optional services include:
Provision of nominee shareholder, or nominee director
Opening a corporate bank account
Bank card application
Certificate of Incumbency
Provision of a postal address
Mail collection, mail forwarding
If you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net or www.shenzhen-company.net , or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to firstname.lastname@example.org .
Tannet is pleased to keep you posted anytime and anywhere. Therefore, we launched a series of mobile applications (Apps) for you. You can download our Apps via the following link or contact with us.