Cayman Islands
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
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).
Q&A with David Lidington, Minister of the Cabinet Office
  The UK’s secure relationship with the British Overseas Territories has been thrown into question following the UK parliament's decision to implement public registers of beneficial ownership. (01/10/2019)
Amid Brexit turmoil, UK reassures overseas territories
  Brexit was at the top of the agenda when Premier Dr. Orlando Smith and other overseas territory leaders met with United Kingdom officials (01/10/2019)
As the Blockchain Revolution Moves Offshore, What are the Challenges?
  As the Cayman Islands, Bermuda, the BVI and other offshore jurisdictions position themselves as FinTech hubs, there are certain regulatory risks and challenges that each jurisdiction must overcome in this new blockchain era. (01/12/2018)
Offshore: The Leaders, the Trends and the Opportunities
  Dan Wise looks at why certain IFCs prosper. He discusses regulation and investment opportunities, and opines on the implementation of public registers of beneficial ownership in the British Overseas Territories. (01/09/2018)
In the Chair …Anthony Travers, Travers Thorp Alberga
  The IFC Economic Report invites Anthony Travers to discuss Westminster’s public register demands and asks if existing tensions could result in a push by some of the Overseas Territories to break away from Britain. (01/09/2018)
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)
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  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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