Benefits Of Incorporating A Cayman Company

Tuesday June 14th, 2022

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The Cayman Exempted Company has become a very popular choice for business people to hold assets or to carry on their businesses. There are many benefits to incorporating a Cayman company which include:

Purpose: the Cayman company may be used for any lawful purpose and the purposes may be carried on outside of the Cayman Islands (subject to economic substance requirements where applicable). Many persons use Cayman companies as asset holding vehicles, fund arrangements, or to carry on businesses overseas.
Stability: Cayman has a very developed and stable economy,
Professional Support: Cayman has a strong judicial system and professional support from trust and corporate service providers, lawyers, banks, accountants, administrators, and fund managers.
No Taxes: There are no income, capital gains tax or transfer taxes in the Cayman Islands.
Fast Incorporation: A company can be incorporated with ease and within 24 hours.
No Upfront Capital: There is no requirement for depositing authorized capital in a Cayman bank when incorporating in the Cayman Islands.
Director/Shareholder: A Cayman Islands company is allowed to have one director and one shareholder who could be the same person or entity. No other directors, shareholders, or officers are required. The director or shareholder is not required to be Caymanian.
Corporate Governance: Corporate documents related to conducting business such as the register of shareholders do not have to be filed with the Cayman Islands government and can be stored anywhere in the world. In addition, there is no requirement to have an annual shareholder meeting or an annual audit.

Please contact corporateservices@bransens.com for further information.

Please note that this briefing is intended to provide a very general overview of the matters to which it relates and is not intended as legal advice and should not be relied upon as such.