Business in the Cayman Islands

Last updated 9 July 2020
Business in the Cayman Islands

What Encourages Investors to Start Their Business in the Cayman Islands?

  • Ease of setting up a company in the Cayman Islands, as it does not take much time to complete the procedures.
  • Company establishment fees are relatively low.
  • Economic stability in the country and the stability of exchange rates.
  • There is a flexibility in some procedures for establishing a company. For example, company directors and officials do not have to be residents in the country.
  • There is no need for an annual shareholder meeting.
  • There is no minimum capital required.
  • Cayman Islands laws allow the company to merge with other companies, whether in the Cayman Islands or in other countries.
  • The company can be created with one manager and one partner.

Also read: A Simplified Definition of Commercial Law

What Are the Types of Companies in the Cayman Islands?

Exempted Company

It is suitable for international trade but cannot do business inside the Cayman Islands.

The Non-Resident Company

It could be a substitute for an exempted company and has similar incorporation conditions.

Limited Exempted Company

Its creation requires one joint partner and one limited partner, and the joint partner must be residing in the Cayman Islands.

Also read: The Most Important Branches of Commercial Law

In order to Start the Company in the Cayman Islands, the Following Documents Must be Brought

  • Certified copies of company documents.
  • Certificate of incorporation or other contracts that form or define the constitution of the foreign company.
  • The name and address of each manager.
  • The name and address of one or more persons residing in the Cayman Islands that are authorized things on behalf of the company.

Also read: The Importance of Having a Commercial Lawyer Before Starting Your Investment

اقراء المقالة باللغة اخرى : العربية

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