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Q：
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What documents should be submitted for incorporating an exempted company in Cayman Islands?
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A：
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In general, to incorporate an exempted company in Cayman Islands, the following must be submitted for due diligence checking and company incorporation: -
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Details of the proposed business activities;
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Source of fund of the proposed company;
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Source of wealth of the shareholders and beneficial owners;
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Certified passport copies of all the directors, shareholders, beneficial owners and secretary; and
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Certified residential address proof copies of all the directors, shareholders, beneficial owners and secretary.
The passports and address proofs of the directors, shareholders, beneficial owners must be certified by a staff of Kaizen or by a CPA, lawyer or attesting officer.
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Q：
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When can I get the Certificate of Incorporation for my exempted company in Cayman Islands after submitting the application?
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A：
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It takes around 5 to 10 working days when received all required documents to incorporate an exempted company.
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Q：
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Is there any restriction on the registration of company name of exempted company in Cayman Islands?
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A：
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Exempted companies are not required to be ended with “Limited” or “Ltd” in Cayman Islands. The Registrar of Companies will not register a company that the name of which is identical or so nearly resembles to the name of an existing company. In addition, there are certain sensitive words such as “bank”, “trust”, “insurance” and “royal” required the consent from the Registrar of Companies in advanced.
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Q：
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Are there any restrictions on business activities for an exempted company?
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A：
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For the exempted companies carry on certain types of business activities related to Banking and Fund are subject to licensing under Cayman Islands Monetary Authority.
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Q：
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Is the information of exempted company available for inspection by public?
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A：
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The general information of an exempted company is publicly available including name of the company, type of the company, registered office etc.
In addition, the list of names of the current directors and alternative directors of a Cayman Company are available for inspection by public from the Companies Registry. The publicly available information will only contain the names of the current directors and alternative directors of the company and no historical data can be seen.
No personal information of the shareholders and beneficial owners of the exempted company is required to be made available to the public, although its register of mortgages and charge may be inspected by any shareholder or creditor of the company.
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Q：
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Is there any requirement on the minimum amount of registered capital for an exempted company?
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A：
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The shares of exempted company could be issued with or without a par value. The minimum share capital of exempted company is one share with custom amount in dollar.
Kaizen handling the registration of an exempted company with standard authorized capital of USD50,000. On the contrary, if the Company with a capital of more than USD50,000 will be subject to higher official filing fee and extra service fees will be charged.
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A：
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Can the registered office of exempted company be situated outside Cayman Islands?
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The exempted company shall at all the time have its registered office in the Cayman Islands.
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Q：
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Can exempted company have only one shareholder? Any restriction on the shareholder’s nationality and is it allowed to be held by corporate shareholder?
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A：
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It is required the shares of an exempted company must held by at least one shareholder with voting right. There are no restrictions on shareholder’s nationality and corporate shareholder is allowed.
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Can exempted company have only one director? Any restriction on the director’s nationality and is it allowed to appoint another corporation to be the director of the company?
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A：
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It is required an exempted company must appoint at least one director. There are no restrictions on the director’s nationality and corporate director is allowed.
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Q：
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Does the exempted company required to appoint a Company Secretary?
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A：
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No. There is not mandatory for the company to appoint a company secretary of the company. The Company may appoint Company Secretary since the functions of Company Secretary are to ensure that the exempted company is complied with Cayman Islands Law.
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Q：
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Is it mandatory for the company to have the bank account in Cayman Islands?
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A：
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No. There are no such requirements which regulate the exempted company to have a bank account in Cayman Islands for operations.
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FAQ
