Cayman Islands Company Formation
Sooner or later, most entrepreneurs take attempts to promote their business at the international level. The Private Financial Services contribute to rapid and legitimate procedure to open an offshore company in the Cayman Islands for its customers. The islands refer to one of the most sought-after jurisdictions that is among the first ones to manage the procedure of foreign company registration. This is for this reason, today the islands welcome so many representative offices of the world's largest companies, and offshore services, as well as the banking sector, are considered to be the priority areas for the local economic system. The Cayman Islands are known to have solid background to do business for profit generating purpose.
Cayman Islands Company Formation and Maintenance
Today, quite many businessmen know how to easily purchase an offshore company in the Cayman Islands. If you dare to trust this matter to be handled and managed by experts of the Private Financial Services, you shall not be required to take a long and distant business trip that takes a lot of time and money. Our company delivers services to competently solve all the issues related to opening of offshore in the remote mode. To note, a company may be opened remotely and assets are contributed annually to prolong the company activity within the territory of the country. We shall arrange all paper collection, we shall act as the registrar and the registration agent. As binding procedures are completed, our employees shall dispatch a package of documents to confirm registration by DHL to any country in the world. This service is reliable and convenient for our client at all times.
Information on Jurisdiction
It is of importance to note that the offshore zone in the Cayman Islands, does not restrict companies in terms of the authorized capital, although it is initially proposed to form it in the amount of total $50 000 USD. At least one person, an individual, is required to register a company. The witnessing by the nominee shareholder or director shall be allowed, either. So-called Exempt Companies arrange procedures at the territory of jurisdiction; they may engage in their own activities at zero tax rate outside the country.
The companies shall be entitled to issue bearer shares and choose the name of the company in any language of choice. The only condition is to choose the name that avoid, indirectly or directly, some reference to the government of the state. When the information is communicated to the registry, the name is translated into English.
Restrictions on Doing Business
Throughout the Cayman Islands, certain regulations have been in force for a long time that currently prohibit:
- to perform in the field of insurance, banking and finance without any licenses required;
- to take loans from residents;
- to engage in trading in the Cayman Islands;
- to purchase the real estate (lease is allowed only)
Currently, Cayman Islands company formation provides tangible benefits, which explain the great popularity of the jurisdiction:
- Cayman company formation at affordable price, prolongation, services of nominee shareholders and director;
- privacy and disclosure of information entails liability with possible imprisonment of up to 2 years;
- modern system of providing legal and banking services;
- zero taxation when performing activities outside the country;
- exemption from audit and reporting;
- governmental support, flexible legislation;
- a variety of types of shares (for example, privileged, nominal, bearer).