Introduction

Cayman Islands, situated in the West Caribbean Sea, 640 km south to Miami and 268 km northwest to Jamaica, belongs to British Overseas Territory. Cayman is one of the two offshore jurisdictions accepted by Hong Kong Stock Exchange for listing in Hong Kong.

Cayman Islands Companies Act is based on English Common Law. Companies are of two categories: Exempted Company and Non-Resident Company. Exempted Company is a more popular form of registration, the name of which need not end with "Limited", and it can apply for a 20-year term tax exemption certificate to further increase its tax advantages.

Benefits

  • Do not require Company Secretary.
  • Secure the privacy of personal details of the director and the shareholder with greatest confidentiality.
  • Convenience on transfer of Shares (No stamp duty / restriction).
  • Able to open a bank account in Hong Kong.
  • Do not require to submit Annual Return.
  • Not required to submit the company accounts annually.
  • Tax exemption for offshore company.

Key Corporate Features

General Information
Political Stability Good
Type of Company IBC
Legal System Common Law
Corporate Requirement
Minimum Number of Shareholders 1
Minimum Number of Directors 1
Registered Address Yes
Company Secretary Optional

Setup Requirement

  • Company Name Requirement: English Name (Additional charge for Chinese Name)
  • 1 Director
  • 1 Shareholder (no restriction on the nationality; Shareholder can also be appointed as Director)
  • Standard Authorized Capital is USD50,000
  • Increase of Share Capital, additional stamp duty is required

Setup Procedure

Ready-made list for Ready-made Company Tailor-made Company (3 intended names in order of preference)
Provide Due Diligence documents of the shareholders and the directors passport or I.D Card, utility bill and registered proportion of shares
Arrange all shareholders and directors to sign the documents
To set up a Ready-made company within 5 working days To set up a Tailor-made company within 10 working days
Company incorporation completed with a document box which includes Certificate of Incorporation, M&A and Share Certificates, etc.

Company Maintenance

  • Renewal fee should be paid annually to ensure the legal status of the company
  • Renewal in December annually
  • If issued Capital is increased, additional annual license fee is required

Service Fee

Incorporation Fee HKD50,000
Incorporation documents
Provision of Registered Agent for a year
Obtaining a Certificate of Incumbency from the registered agent for opening bank accounts
Box set
Disbursements - Local transport, courier and miscellaneous HKD500
Arrange and provide a set of certified corporate documents for opening a Bank Account HKD2,000
Obtaining a Certificate of Good Standing from the registered agent for opening bank accounts
Renewal Fee HKD48,000

Contact Us

  • Address Unit 502, 5/F, Beverley Commercial Centre, 87-105 Chatham Road South, Tsim Sha Tsui, Kowloon, Hong Kong
  • Tel (852) 2375 3733
  • Fax (852) 2375 2292
  • E-mail info@inchk.com
Contact Us