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Cayman Business Setup

Update Date:2018-4-26 11:21:25     Source:www.3737580.com     Views:601

Cayman Company Registration Service
Hotline: 86-755-82143422 Email: anitayao@citilinkia.com

Cayman business setup is also called Cayman company setup, Cayman company registration, Cayman corporate formation , Cayman company incorporation, Cayman business establishment and Cayman business registration.

 

Cayman Islands have different types of companies where you can register your company. When you register, you will need to choose what type of company you’re in, and each type has their designated fees which you will pay annually. It is a global offshore financial services centre. And Cayman business setup is a tax-efficient corporate solution for international entrepreneurs.

 


Cayman Business Setup - Types of Cayman Business Setup
Presently, there are four basic types of companies available in Cayman business setup:
1. Resident/Ordinary Companies
Resident/Ordinary Companies are companies with capital less than $42,000; pays for fee of $150 upon registration. If their capital is more than $42,000, their registration fee is $350.

2. Non-Resident Companies
Non-Resident Companies are companies without permanent location and has capital less than $42,000; upon filing a Memorandum and Articles of Association, and its Annual Return of January, the registration fee is $400. If the capital is more than $42,000 then the registration fee is $565.


3. Exempted Companies
Exempted Companies are companies where the activities are held outside the Islands. Most people use these offshore locations for exempt companies for a business which would be barred from carrying out business in Cayman, other than in the requirements for doing offshore businesses. It is also possible that Trust companies, Insurance and Banks can end up being registered as an exempt company, once the required license is done.

 

4. Segregated Companies

Segregated Companies are the type of companies for insurance enterprises.  The annual fee is the normal exempt registration fee plus $2,000 and an additional fee of $1,000 for each segregated portfolio.

 

 

Cayman Business Setup - Requirements of Cayman Business Setup
1 Company Name: Must end with one of the following suffixes: Limited or Ltd.; Corporation or Corp.; Incorporated or Inc.


2 Shares & Capital: The standard share capital is USD 50,000.00 divided into 50,000 shares of USD 1.00 each. Shares can be issued with or without par value. Bearer shares are permitted but must be held by an authorized or recognized custodian as approved by the Cayman Islands Monetary Authority.


3 Number of Directors: Minimum of one Director. Corporations are permitted.


4 Secretary: A Secretary is necessary.


5 Shareholder: Minimum of one Shareholder. Corporations are permitted.

 


Cayman Business Setup - Declarations or Alterations for Cayman Business Setup
Just about all the declarations of this company, which would include the modification of the name or the alterations of their Articles or Memorandum of Association, should be submitted to the Registrar of Companies in fifteen days. In addition, a declaration modifying the company’s directors and representatives or the altering of the registered business office should always be submitted to the Registrar within thirty days. Besides, these companies are required to keep a general meeting each year at least once in the Cayman Islands, as well as file annual returns.

 

 

Cayman Business Setup - Time for Cayman Business Setup
Usually 3-5 working days are needed, but for legalization of the documents and delivery by courier, it’ll be up to 10 working days.

 


Contact Us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82143422, 86-755-82143512, or emailing to anitayao@citilinkia.com 

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