Cayman Islands
NEWS
FACT FILE
Location The Cayman Islands are in the western Caribbean about 150 miles south of Cuba, 460 miles south of Miami, Florida and 167 miles northwest of Jamaica.
Time Zone Eastern Standard Time (Nov–Feb) Central Standard Time (Mar–Oct).
Population App. 50,000.
Capital George Town, Grand Cayman.
Airport Owen Roberts International Airport.
Language English.
Currency Cayman Islands dollar (CI$) Fixed at CI$1.00 = US$1.25.
Dialing Code +1 345.
Centre's Expertise Investment funds, capital markets, banking, trusts, etc.
Political System Parliamentary democracy with judicial, executive and legislative branches.
Legal System Common law and statute.
Personal Income Tax None.
Corporate Income Tax None.
Exchange Restrictions None.
Tax Treaties For full details, please go to www.ifcreview.com/TIEA
Permitted Currencies No restrictions.
Minimum Authorised Capital No restrictions.
Minimum Share Issues One share issued to the subscriber on incorporation by operation of law. A Cayman Islands company must always have at least one share in issue.
Shelf Companies Same day incorporation available.
Incorporation Time Scale Same day incorporation with formation certificates available within 24 hours for an express incorporation.
Incorporation Fees Fees start at approximately US$733 for an exempted company.
Annual Fees Fees start at approximately US$823 per annum.
Minimum Number One. Two if regulated by Cayman Islands Monetary Authority.
Residency Requirements None.
Corporate Directors No requirement.
Meetings/Frequency If regulated as a mutual fund by the Cayman Islands Monetary Authority should meet at least twice a year in person or via a telephone or video conference call.
Disclosure No public disclosure for exempted companies.
Bearer Shares Allowed but with very strict custody rules and certain other restrictions.
Minimum Number One share issued to the subscriber on incorporation by operation of law. A Cayman Islands company must always have at least one member.
Public Share Registry None for exempted companies.
Meetings Frequency None.
Annual Return None.
Audit Requirements None unless regulated by the Cayman Islands Monetary Authority.
Registered Office Must be located in the Cayman Islands.
Domicile Issues Transfer of domicile is permissible.
Company Naming Restrictions Yes – no two companies may have the same name and certain other restrictions as specified in the Companies Law (as amended).
ARTICLES
The Big Debate: How Credible are Tax Haven Blacklists?
  Paul Byles, Director at FTS in the Cayman Islands presents his view. (31/07/2018)
Foundation Companies: Cayman's Newest Offering
  Foundation Companies (FCs) are Cayman's newest offering for private wealth and commercial structuring. (01/05/2018)
The New Data Protection Law in the Cayman Islands
  A robust standard for the use and misuse of personal information has become an absolute prerequisite, especially for large financial centres like the Cayman Islands. (30/04/2018)
Cayman: Leading Innovation and Setting Global Standards
  With the right balance, we can enjoy the benefits of innovation and the protections of an appropriate regulatory structure. Cayman’s approach to smart FinTech regulation can strike that balance. (30/04/2018)
Cayman: Turning International Scrutiny into Opportunities
  Cayman Islands’ ability to ‘weather the storm’, that is, maintain its commercial success while complying with an ever-increasing barrage of global initiatives, tells the true story of why the jurisdiction remains a leading international finance centr (29/04/2018)
Cayman: Creating the Optimal Climate for Investors
  Jude Scott discusses Cayman’s drive to create the best investment climate for investors, to lead in compliance and transparency and to remain innovative in FinTech. (01/02/2018)
What May the Trump Presidency Mean for the Future of International Financial Centres?
  Simplification of the US tax code, FATCA, De-regulation, Immigration: Alicia Nicholls discusses the various implications of US Tax Reform for IFCs. (01/12/2017)
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FURTHER BACKGROUND INFORMATION
  Cayman Islands Tax Treaties
  The Cayman Islands currently have 31 tax agreements in place consisting of 1 DTA and 30 TIEAs. - read more...
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