Cayman Islands Offshore Services

Cayman Islands offshore services are regulated and supervised by the Cayman Islands Monetary Authority (CIMA), which serves as the main agency in cooperation with foreign regulatory authorities,...

Cayman Islands Incorporation

Cayman Islands incorporation is just one of the offshore company services that can be found in the Islands.  Registration of companies is an efficient process that is administered by licensed legal...

Cayman Islands Companies

Cayman Island provides a wide range of Cayman Island companies that can be used for domestic and international trade. Three of these include Exempted Companies, Exempted Limited Duration Companies...

Cayman Islands Companies

Cayman Island provides a wide range of Cayman Island companies that can be used for domestic and international trade. Three of these include Exempted Companies, Exempted Limited Duration Companies and Segregated Portfolio Companies.

Cayman Island Exempted Company: This Cayman Island company is the equivalent of the International Business Company (IBC) or offshore company. Cayman Island companies that wish to operate offshore may apply to be registered as a Cayman Island exempted company. Upon approval by the registrar for any Cayman Island company to operate as an exempted company, the members of the company are required to submit a declaration to the registrar which must be signed by at least one subscriber stating the Cayman Island company commit to trade solely offshore and not domestically.

Besides company formation, our company has worked feverishly to provide customers with a wide range of offshore possibilities. For information on investment programs through second citizenships simply submit question via the contact us page. Citizenship by investment is supervised by financial regulatory agencies and provided only by registered agents who are licensed to offer this service. We work closely with an experience licensed agent in Dominica and St. Kitts who provide information on the application procedures and process for second citizenship.

Cayman Island corporation (same as Cayman Island company) that is an exempted companies is required to submit a return in the form of a declaration to the registrar. This declaration for Cayman Island companies that are exempted companies are required to state whether or not the amendments were made to the memorandum since the last financial year, to confirm that all trade was conducted outside the Cayman Islands, that no trade was done in the Islands with any local firm, corporation or person in line of trading activities conducted offshore and that all bearer shares held are in the possession of a custodian as required by law.

Cayman Island companies falling under the category of Cayman Island Exempted Companies must also pay fees every year in January following the year of incorporation in Cayman. Exempted companies in Cayman Island that do not have a registered capital or whose registered capital is less than US $42,000 are subject to a yearly fee of US $600. Cayman Island companies (exempted) whose registered capital is more than US $42,000 but less than US $820,000 are subject to a yearly fee of US $900. Offshore Cayman Island corporation whose registered capital is over US $820,000 but less than US $1,640,000 are subject to pay a fee of US $1,884 every year, while those whose capital surpass US 1,640,00 pay US $2,468 every year. A penalty of 33.33% of the annual fee is due if paid between April 1 and June 30th. Later than this, during the period July1st to September 30th the fee is increased to 66.67% of the yearly fee; and further increased to 100% if the fee is paid anytime during the last three months of the year (October, November, December).

Offshore Cayman Island companies can be registered as companies with limited duration whereby the company operates only for a given period of time after which it can be dissolved. Such Cayman Island offshore companies are required to put the expression ‘Limited Duration Company’ or the abbreviation ‘LDC’ at the end of their names. There are specific rules for the formation of limited duration Cayman Island offshore companies.

Segregated Portfolio Company: Segregated Portfolio Companies (SPF) are Cayman Island companies that are used to segregate the assets of a company as a means of asset protection and management. This Cayman Island company has the same concept of the Protected Cell Company or PCC which too is used for identifying and distinguishing assets within a company. Cayman Island companies that fall in this category are also exempted companies. This type of Cayman Island company is considered a single entity and its segregated portfolios or cells are not legal entities separate from the SPF as a whole. Segregated portfolios are able to issue and create shares in one or several classes and be entitled to the proceeds obtained from the issue or creation of shares. Dividends, interests and other distributions may be paid out from a segregated portfolio from this company in Cayman Islands.

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