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Summary of Features of Cayman Islands Exempted Company

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Summary of Features of Cayman Islands Exempted Company

 

General Information

Company Law

Cayman Islands Companies Law

Type of Company

Exempted Company

Language of Legislation and Corporate Documents

English

Taxation of Foreign Profits

Nil

Exchange Controls

None

Length of Time to Incorporate

20 working days

*May subject to the actual situation

Shelf Companies Available

No

 

Corporate Names

 

Name Restrictions

Names identical or similar, offensive words

Endings and Abbreviations Required

No requirement

Length of Time to Verify Name Availability

1 working day

*May subject to the actual situation

Reservation of Names Permitted

Yes

Language of Name

An English Name with another company name in other language

Special consent/license is required for name with words such as Bank”, Insurance”, “Imperial”, “Royal”, “Chartered”, etc.

Yes

 

Capital and Shareholders

Minimum Number of Shareholders

One

Local Shareholders Required

No

Corporate Shareholders Permitted

Yes

Disclosure of Shareholders

No

Minimum Authorized Capital Required

No minimum, but at least issue 1 share

Bearer Shares Permitted

No

Registered Shares Permitted

Yes

No Par Value Shares Permitted

Yes


 

Directors and Officers

Minimum Number of Directors

One

Qualifications of Directors

Legal Age

Officers Required

No

Corporate Directors/Officers Permitted

Yes

Local Directors/Officers Permitted

No

Appointment of Subsequent Directors/ Officers

Memorandum and Articles of Incorporation

 

Meetings

Annual General Meeting of Shareholders Required

No

Annual General Meeting of Directors Required

No

Location of Directors and Shareholders Meetings

Anywhere

Adoption by Consent Permitted

Yes

Quorum required for purposes of meetings

determined by the Memorandum and Articles of Incorporation

 

Local Requirements

Qualified Registered Office/Agent

Yes / Yes

Government Register of Shareholders

Optional

Government Register of Directors/Officers

Yes

Government Register of Charges

Optional

Register of Directors/Officers to be kept at Registered Office

Yes

Company Seal Required

Optional

Copy of Minutes to be kept at Registered Office

Optional

Copy of Share Register to be kept at Registered Office

Optional


If you wish to obtain more information or assistance, please visit the official website of Kaizen CPA Limited at www.kaizencpa.com or contact us through the following and talk to our professionals:

Email: info@kaizencpa.com
Tel: +852 2341 1444
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