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Other Jurisdictions Offshore Company Registration All Jurisdictions Summary of Features of Cayman Islands Exempted Company
KNOWLEDGESummary of Features of Cayman Islands Exempted Company
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General Information |
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Company Law |
Cayman Islands Companies Law |
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Type of Company |
Exempted Company |
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Language of Legislation and Corporate Documents |
English |
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Taxation of Foreign Profits |
Nil |
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Exchange Controls |
None |
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Length of Time to Incorporate |
20 working days *May subject to the actual situation |
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Shelf Companies Available |
No |
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Corporate Names |
|
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Name Restrictions |
Names identical or similar, offensive words |
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Endings and Abbreviations Required |
No requirement |
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Length of Time to Verify Name Availability |
1 working day *May subject to the actual situation |
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Reservation of Names Permitted |
Yes |
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Language of Name |
An English Name with another company name in other language |
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Special consent/license is required for name with words such as “Bank”, Insurance”, “Imperial”, “Royal”, “Chartered”, etc. |
Yes |
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Capital and Shareholders |
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Minimum Number of Shareholders |
One |
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Local Shareholders Required |
No |
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Corporate Shareholders Permitted |
Yes |
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Disclosure of Shareholders |
No |
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Minimum Authorized Capital Required |
No minimum, but at least issue 1 share |
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Bearer Shares Permitted |
No |
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Registered Shares Permitted |
Yes |
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No Par Value Shares Permitted |
Yes |
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Directors and Officers |
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Minimum Number of Directors |
One |
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Qualifications of Directors |
Legal Age |
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Officers Required |
No |
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Corporate Directors/Officers Permitted |
Yes |
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Local Directors/Officers Permitted |
No |
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Appointment of Subsequent Directors/ Officers |
Memorandum and Articles of Incorporation |
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Meetings |
|
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Annual General Meeting of Shareholders Required |
No |
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Annual General Meeting of Directors Required |
No |
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Location of Directors and Shareholders Meetings |
Anywhere |
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Adoption by Consent Permitted |
Yes |
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Quorum required for purposes of meetings |
determined by the Memorandum and Articles of Incorporation |
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Local Requirements |
|
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Qualified Registered Office/Agent |
Yes / Yes |
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Government Register of Shareholders |
Optional |
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Government Register of Directors/Officers |
Yes |
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Government Register of Charges |
Optional |
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Register of Directors/Officers to be kept at Registered Office |
Yes |
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Company Seal Required |
Optional |
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Copy of Minutes to be kept at Registered Office |
Optional |
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Copy of Share Register to be kept at Registered Office |
Optional |
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