Cayman Islands
Cayman Islands, situated in the West Caribbean Sea, belongs to British Overseas Territory. It is one of the two offshore jurisdictions accepted by Hong Kong Stock Exchange for listing in Hong Kong.
Cayman Islands, situated in the West Caribbean Sea, is positioned 640km south to Miami and 268km northwest to Jamaica, belonging to British Overseas Territory. Cayman is one of the two offshore jurisdictions accepted by the Hong Kong Stock Exchange for listing in Hong Kong. Their main industries include Financial Services, Tourism, Real Estate and Development.
The Department of Commerce & Investment (DCI) is pivotal in providing the necessary framework conducive to a successful business environment through our Licensing, Regulatory and Enforcement functions.
DCI provides business licensing services to specified sectors, ensuring compliance of licensed businesses with local commerce legislation and local and international standards. This includes administration and issuance of Trade & Business Licenses, Local Company (Control) Licenses, Tobacco Permits, Liquor Licenses, Public Film Exhibition Premises Licenses, and Special Economic Zone Company Licenses.
For further information, please visit here or contact us for further advice.
Cayman Islands Facts
Corporate Requirements
- Company Name Requirements: English name (Chinese name can be freely selected for additional registration fee)
- Company name should not include the words 'Bank', 'Trust', 'Mutual Fund', 'Insurance', 'Royal', 'Imperial', 'Empire', 'Building Society', or 'Reinsurance' unless with the consent of the Registrar.
- 1 Director
- 1 Shareholder (any nationality; directors and shareholders can be same person)
- Standard Registered Capital of US$50,000
- An additional registration fee increase with the number of registered shares.
- Registration Fee(s): HK$24,000
Major Advantages
- Provide privacy protection, without disclosing shareholders and directors
- Company is granted listing in Hong Kong Stock Exchange
- No tax shall be declarable and payable
- Chinese name can be shown in the Certificate of Incorporation of company
- Open the bank account in Hong Kong
- Cayman has no double taxation treaties with any other countries
- No exchange control, easy to raise capital
Processing Time
When all signed documents are received, it typically takes around 30 working days to complete registration.
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