OFFSHORE COMPANY FORMATION Cayman Islands (Exempt)
British Overseas Territory
35 500 (2001 July)
Caymanian Dollar (KYD)
Caribbean Islands between Cuba and Honduras
GMT - 5
Well-established offshore jurisdiction, Sophisticated legal and banking infrastructure
Minimum 1 annual meeting of directors should be held in the Cayman Islands.
Corporate legislation source:
The Companies Law, 1960
The words of "Bank", "Trust", "Insurance", "Guarantee", "Consalty", "Royal", "Imperial", "Empire", "Municipal", "Chartered" and Co-operative" must be licensed prior to the registration.
Time required for incorporation:
Minimum number of directors:
Min. 1 of any nationality
Usual minimum capital:
42 000 CI$
Are accounts required:
Minimum number of shareholders:
Type of shares:
Registered or bearer / No par value
Annual tax and duties:
What information is available on the public file:
Registered office, registered agent, Memorandum & Articles of Association, Directors.
Local registered office is required by law
Local registered agent is required by law
COMPULSORY COSTS (payable prior to incorporation)
International authentication (Apostille):
Legal expenses, filing fees and stamp duties:
Issuing of share certificates and initial minutes and forms:
ANNUAL FEES *
Registered office and registered agent:
Annual tax and duties:
Due diligence checking fee:
1500 USD + 410 CI$
3050 USD + 410 CI$
* The annual fees for the first year of the company's existence are payable prior to incorporation. Subsequently the amount of 1500 USD + 410 CI$ is payable annually beginning from the 1st of January of the year following the year of incorporation. Non-payment of the annual fees results in deletion from the Companies Registry.
The amount of 3050 USD + 410 CI$ includes the following services: formation of the company, duties payable to the local authorities for the incorporation of the company, Certificate of Incorporation with Apostille, provision of Memorandum Articles of Association authenticated by Registrar, Appointment of First Directors with Notary Public authentication, Share Certificates, initial minutes, provision of registered office and registered agent for 1 year, annual tax for the 1st year, two company seals, luxury leather corporate kit, courier delivery to Laveco office. The price contains no hidden costs!
Nominee Director (private person):
Nominee Director (corporate body):
Power of Attorney:
Certificate of Good Standing:
In cases where the total number of attorneys, shareholders and beneficiaries in a company is more than 5, a supplement of 100 USD will be payable for each additional person.