The Cayman Islands, which comprises three islands in the Caribbean Sea south of Cuba, is a British Dependent Territory that was originally discovered by Christopher Columbus. The financial services sector is one of the main industries in the Cayman Islands, and there is a substantial commitment to the continued development of the offshore financial services industry. The reputation and popularity of the Cayman Islands have increased significantly, particularly in Asia, as it is one of only two offshore centres approved by the Hong Kong Stock Exchange for public listing in the Hong Kong bourse. The Cayman Islands established its own Stock Exchange in 1997

REQUIREMENT

。    Standard authorized Capital:。 US$50,000

。    Minimum number of directors is one (can be non-resident, private person or corporate entity)

。    Minimum number of shareholders is one (can be non-resident, private person or corporate entity)

。    Shareholder information is confidential.

。    Local registered agent and local registered office required

。    Chinese name is allowed on CI

。    Annual Return is required

。    Audited account is NOT required

FEES

。    Company Formation including certificate of incorporation, all company documents, company stamp, registered office, registered agent 1 year is included。 - US$3,900-

。    Company with Chinese Name。 - US$505- additional

。    Due Diligence for each director and beneficiary owner – US$160-

。    Authorized number of shares over 50,000 –see below chart

Authorized Capital (US$)	Additional fee (US$)
<-51,200	735
51,201-<-1,000,000	1,100
1,000,001<-2,000,000	2,300
>2,000,000	3,010

。    Annual Costs to include government fee, annual return, registered address and registered agent for 1 year US$2,120-

。    Certificate of Incumbency – US$580-(optional)

。    Certificate of Good Standing – US$580-(optional)

。    Legalization – on Quotation

。    Tax Exempt Certificate – US$3,220-(optional)

 
TIMEFRAMES

。    English name: 30 working days for incorporation

。    Chinese & English name: 30-35 working days for incorporation (allow 10-15 days for courier from Cayman Islands)