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
Q&A with Jude Scott, CEO of Cayman Finance
  Jude Scott discusses the latest in the Cayman Islands financial sector, and reveals his views on compliance issues. (02/10/2017)
The Cayman Islands' Light Continues to Shine Bright
  The Caymans islands is addressing and adopting the evolving global initiatives and will continue to develop new vehicles responsive to the needs of stakeholders. (19/09/2017)
Q&A with Paul Byles
  Paul Byles is owner and director of FTS, which provides regulatory, economic and management consulting services. (01/09/2017)
Out of Difficulty Comes Evolution – The Best Is Yet to Come
  The Cayman Islands is strong and energetic, even as rumours of the eminent demise of the offshore financial industry from those who do not understand it abound. (29/08/2017)
The Cayman Islands – Transparency and Cooperation
  Over the last 40 years, the Cayman Islands has become one of the world's most sophisticated and successful international financial centres. (29/08/2017)
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)
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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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