CaymanIslands
- Brief
- Advantage
- Condition
Cayman is the fourth largest offshore financial center in the world and one of the world's famous offshore companies. Every year, tens of thousands of enterprises register Cayman company. The Cayman Islands is exempt from a number of taxes, which makes it an offshore financial center and a "tax haven".
In addition, Cayman company is often used to build a structure to help enterprises to achieve curve listing. Cayman company can also avoid the restrictions of foreign investment companies stipulated by many countries, which has great attraction for many enterprises. Cayman has three characteristics: high confidentiality, tax relief and no foreign exchange control.
1. Reduce the offshore tax burden of enterprises: the company registration law of the Cayman Islands stipulates that the tax obligation of the Cayman Islands shall be exempted forever. At present, China and the Cayman Islands have signed an agreement to avoid double taxation, which is conducive to reducing the tax burden of enterprises.
2. An important springboard for overseas listing of enterprises: domestic enterprises often achieve overseas curve listing by registering Cayman company and replacing equity by Cayman company.
3. Circumvention of foreign exchange control: Cayman Islands companies have no foreign exchange control, they can be flexibly mobilized to facilitate the capital operation of enterprises.
4. It is convenient for enterprises to carry out transnational operation: registering Cayman offshore company can be a shortcut for enterprises to go to the world and carry out transnational business.
5. Information confidentiality of Cayman company: the shareholders, directors and beneficiaries of Cayman company are subject to the confidentiality maintenance relationship law, and the company's information is highly confidential.
1. From 2019, the economic substance act of Cayman will come into force. The newly registered Cayman company must meet the economic substance act of Cayman to judge whether a company meets the economic substance act of Cayman:
① See if the company has revenue generating core business in Cayman;
② Whether the company has proper management in Cayman (whether the board of directors is held, frequency of holding, number of participants, and minutes of the board meeting must be kept in Cayman);
③ Whether the company has basic operation activities, sufficient expenses and a certain number of full-time employees in Cayman.
2. Provide the name of Cayman company (English name is required, if additional cost is required for Chinese name).
3. Confirm the proportion of shareholders, directors, beneficiaries and share distribution (at least one shareholder can be a natural or legal person)
4. The minimum registered capital is USD 1, basically USD 50000.
5. Confirm the business scope and capital source of Cayman.
- Process
- Secretarial
- Problem
1. To approve the proposed name of Cayman company and determine the Chinese and English names of Cayman company;
2. Fill in the application for registration of Cayman company, power of attorney and sign the agreement, and pay the advance payment;
3. Determine the shareholders, directors, share proportion and registered capital of the Cayman company, and then submit the corresponding information;
4. To go through relevant formalities in all departments of the Cayman government;
5. After the successful registration of the company, hand over a complete set of registered company documents and collect the balance;
6. Documentation, Cayman company registration completed.