To start out the Trade and Organization Licensing method yourself or to renew a trade and company license, see the Section of Commerce and Investments’ link for their on-line application and renewal portal.
The Standard Company: Often known as a resident company, it operates inside the Cayman Islands and have to adhere to neighborhood regulations, including aquiring a registered Business office within the islands and distributing annual stories.
This method includes confirming the accuracy with the company’s facts and having to pay the mandatory cost. Failure to file can lead to penalties or simply hanging from the company from your Registrar.
Preserving a company going during the Cayman Islands doesn’t call for A lot perform from you either, as maintenance requires are very low.
Like a British Abroad Territory, the Cayman Islands has a well-known and trusted authorized process dependant on English typical legislation, supplemented by a contemporary and professional statutory framework. A tax neutral jurisdiction, the Cayman Islands has earned its name as a remarkably respected and profitable international fiscal centre, recognised for its high expectations of compliance, regulation and transparency.
Each and every company integrated while in the Cayman Islands need to have a registered Business office while in the jurisdiction. That is a lawful necessity for the goal of official communications.
A Cayman Islands Offshore company can also be needed to preserve accounting documents that display money, property, expenditure, and liabilities. These data don't have being retained in-place but ought to be accessible to the government on request. Audits or even the appointment of auditors is not really essential.
It’s vital to maintain appropriate documentation and adhere to all lawful obligations to work efficiently in the Cayman Islands’ jurisdiction.
Leading economical institutions, Fortune 500 cayman islands company registration firms and personal and public corporations, especially hedge cash and structured finance motor vehicles, have produced Cayman their jurisdiction of alternative. The Cayman Islands presents a strong and flexible atmosphere for firms.
Confidentiality: Shareholders’ and administrators’ information and facts is saved non-public, guaranteeing discretion and facts defense.
At this Original phase, you're going to be released to a worldwide Mobility Supervisor who'll go over the benefits of establishing a genuine physical existence and define the applying course of action. Your CEC Call can help to answer any issues you'll have and Examine whether your business is suitable for licensing in the CEC Exclusive Financial Zones.
These necessities include submitting yearly stories and economical statements into the Registrar of Companies.
Every single company must keep a register of directors and officers at its registered Business office, stating the identify and deal with of each and every director and officer from the company and a duplicate must be despatched into the Registrar.
Keep Company Records: Hold precise data and adjust to any reporting necessities, for instance publishing once-a-year returns or money statements, depending upon the company type.