WHY you should
register an offshore company in Cayman Islands?
CAYMAN ISLAND is known as a major
world offshore financial haven (tax free) for international businesses and many
wealthy individuals who wishes to open or start a business. It is often used
for international investment purposes and fund management because of the
stability of the political situation and no foreign exchange restrictions. It
is very popular as more than 100,000 companies are currently registered in
Because once you have registered a
company in Cayman Island, you can operate your business worldwide. Did you know
that there are no withholding taxes or inheritance taxes in Cayman Islands?
Meaning it is tax FREE. NO personal, corporate or estate taxes.
Which is why Cayman Islands is IDEAL
for the purpose of mitigating tax exposure and once you've open an account in
Cayman Islands, there's no requirements for annual meetings or audits. In
short, any foreigner (anyone) can own a non-resident company in Cayman Islands.
Cayman Islands is the fourth largest
offshore financial centre in the world.
registering an offshore company in CAYMAN ISLANDS
1. TAX FREE - As long as your company is registered in Cayman Islands
that perform offshore operations, you do not have to declare or pay taxes.
Imagine not having to pay for income taxes, sales or capital gains. Not only it'll
saves you a lot of money. It is also hassle free. Because in Cayman Islands
they do not impose in any types of taxes on it's citizens, resident or foreign
owned companies. Because Cayman Islands is a white listed country as they
follow the international tax regulation. So this kept them from being black
listed or be put under suspicions by the International Financial Action Task
Force and especially the organisation for Economic Co-Operation and Development
REGISTRATION - There's no limit of capital
registered by offshore companies. There's also no annual accounting or auditing
requirements. Did you know that having an offshore company allows you to use
anything from shipping operations or stock dealing etc.? Also, the share
capital can be in any currency.
3. NO DECLARATIONS - of your beneficiaries, annual profits and financial
statements. Meaning You don't have to show or submit any of your financial
statements as long as your company is registered in Cayman Islands. How great
is that? It also means that you can own the entire company! You don't even have
to open a bank account in Cayman Islands.
4. TRANSFERS SHARES - You can transfer all of your shares easily and quickly.
Because it is flexible and free, you can conduct your operations and transfer
money internationally (inbound or outbound) in any currency or amount that you
prefer. As the government has no regulations or limitations regarding the money
or currency transfer. Example: You can transfer money from the corporation to a
third party and there will be no tax or duty stamps. Unless it is from a real
estate investment related. Otherwise you are good to go!
5. PRIVACY - Another point why businessman/woman chose to establish
their offshore company in Cayman Islands is because of the anonymity which
simply means your privacy is protected. You won't have to show your name,
registered office and company type & status until you register your company
on that certain date. Disclosing any kind of information in Cayman Island is
prohibited and not allowed. Unless it is requested by the law of the
enforcement agency. Best part is that the public records in Cayman Islands do
not contain the owner, registered shareholders and directors name. Which means
all the accounts at this company will remain private in this jurisdiction.
6. PUBLICLY LISTED - Once you've open an offshore company in Cayman Islands.
Your company can be listed in various countries in other countries such as Hong
Kong, USA and Singapore. You can also merge with other companies in Cayman
Islands or in other countries, if you wish to do so!
7. STABLE ECONOMY - Cayman Islands economy has always been stable and
remained strong because of its popular offshore corporations, banking system
and tourism. As well as the politics and training because of the law system in
8. FAST PROCESSING - It only takes 2-3 weeks to process your application. it
is simple, quick and easy. There's an express package where you can register
your company within 48 hours. The standard processing takes 1 week tops. If you
provide the correct documents. Because
there's no requirement for the government of Cayman Islands for the regulatory
authority approval. The annual fees and registration are also low compared to
1. SHARE HOLDER & COMPANY DIRECTOR -
You must at least have one shareholder and company
director (can be the same person) in the company. There's no strict
requirements on the nationality of the shareholder/director. There's also no
restriction on the residency of the director. You are not required to hire any
resident director or secretaries based in Cayman Islands.
DOCUMENTS - You must provide all the correct documents
such as proof of address and identity. It must be verified by the relevant
authorities before submission of your application such as; local anti-money
laundering legislation and the prevention of terrorism laws etc. The registered
capital that you will use for the registration doesn't need to be verified. You
also do not need to submit your financial statements to the government when
registering for a company in Cayman Islands.
3. PROOF OF ADDRESS - You must provide your registered address of your company
in Cayman Islands. Because it is a must to have a local register office
address and you need to appoint a local
4. DOCUMENTS - Once you've opened an offshore account in Cayman
Islands. Your company records may be kept outside of the islands. You must also
maintain your accounting records. The government does not require any minimum
accounting standards or practices.
There are 3 types
of companies you can choose from when registering an offshore company;
1. EXEMPT COMPANY - This is the most popular or commonly used in Cayman Islands. It is
for those who wish to conduct their business outside Cayman Islands. Because of
the transactions as it is efficient and cost effective for tax purposes.
There's also NO restriction on the nationality for the shareholders and
directors. Also, an exempted company is not required to hold an annual
shareholders meetings. You do not need to include the words "limited" or "LTD" on the name of your exempted company. Did you know that you can obtain the
TAX exemption certificate - 20 years TAX FREE? So, that if ever Cayman
Islands decided to introduce tax, your company may be protected and will be
exempted for 20 years. This is only an insurance for you. So, that whatever
happens in 20 years time you will be secured and guaranteed to have a 20
years TAX FREE status.
ADVANTAGES of EXEMPT COMPANY
- 100% Foreign owners
- Limited liability
- No taxation
- One shareholder/director
- No required meetings
- No audits
2. CAYMAN LCC - If you wish to be listed under Cayman LLC, the activities of your
company can be carried out mainly outside Cayman Islands. The owner/registrants
can register as a Limited Liability Company (LLC) which is under the Limited
Liability Companies Law. Which means that, it can be separated the legal
identity of the members of the company and cannot be held personally
responsible for the company's debt or liabilities. LLC has no share in capital
but the members will acquire the LLC interests. You must sign a registration
statement that contains a certain information and payment fee in order for you
to register an LLC company.
3. ORDINARY RESIDENT
COMPANY - This is chosen for the purpose of
carrying on a local business. Under the companies law and the terms of the
local companies control law in 1995, you are required to have a license and
annual submission of a list of your shareholders. You are also allowed to share
your shares. Also, you are required to have an annual meetings and be open to
public inspection. You also need to indicate the "Limited" or "LTD" in the end
of your company name. The shareholders of the company must be filed with the
Registrar of companies each year, January to the immigration board.
TYPES OF DOCUMENTS/PAPERWORK YOU NEED TO
SUBMIT YOUR APPLICATIONS;
director/shareholder (Ultimate Beneficiary Owner (UBO)
Certified copy of you
Certified copy of your
Certified copy of your
utility bills to shoe your current residential address (past 3 months)
Original paper of your
Professional Reference Letter addressed to HSM Corporate Services Ltd.
Original paper of your
Personal Reference Letter addressed to HSM Corporate Services Ltd.
Original paper of your Bank
Reference Letter addressed to HSM Corporate Services Ltd.
What's the difference between Cayman Islands
and British Virgin Islands (BVI)?
Globevisa Group can offer?
Globevisa Group has been recognised everywhere and
received some of the most prestigious awards in the world because of the excellent service we provide. As of 2018, we currently have
36 branches all over the world. Globevisa Group offers a free
consultation and guidance to all of our clients needs.
Globevisa Group provides a professional service with a
high quality experience for our clients and has over 20 years experience. So,
we can assure you that we can process your application properly and provide you
or your family a professional guidance. As we provide after services. So, we
will be with you every step of the way.
Globevisa Group offers over a 100 programs for all of our
clients. With a successful rate of 95%. Because of this success and positive
feedbacks from our clients all over the world. We were able to expand and set
up 14 registered branches around the world; Hong Kong, London, Singapore,
Melbourne, Vancouver, Toronto, Silicon Valley, Thailand, Malaysia, Turkey,
Philippines, Cyprus, South Korea and India.
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know more? Do you want to ask a question(s)?
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