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 Paul Byles
  IFC Caribbean spoke to Paul about the problems currently facing the financial services sector in the Caribbean and how IFCs in the region can move forward to a stronger position on the world’s financial stage. (01/08/2017)
Panama Papers – some perspective from the Cayman Islands
  Ian Huskisson and Neil McLarnon examine the fallout from the Panama Papers, providing a Cayman Islands perspective on implication of the leaks. (01/11/2016)
The Potential Uses of Cayman LLCs
  James Bergstrom examines the Cayman Island's Limited Liability Companies bill and showcases some of the attractive uses for Cayman LLCs. (01/07/2016)
Caribbean IFCs: Challenges and Future Prospects in 2016
  With criticism of Caribbean IFCs leading to calls for further draconian legislative efforts, Paul Byles examines how IFCs can weather this regulatory storm. (01/06/2016)
“Disappointed” Protectors
  Shan Warnock Smith and Andrew De La Rosa examine the role of trust protectors and provide an update on recent trust litigation cases. (01/06/2016)
If it quacks like a duck?…The classification and duties of non-trustee power-holders
  With reserved powers legislation available in most offshore jurisdictions, Ashley Fife examines the difficulties regarding the categorisation of powers held by a person other than a trustee as either fiduciary or non-fiduciary. (01/01/2016)
IFCs and Investing in Emerging Markets
  Matthew Stocker, Olivaire Watler and Charlie Pywell examine the crucial role IFCs play in facilitating investment in emerging markets. (01/08/2015)
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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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