Fact File Supplied By
The Cayman Islands are in the western Caribbean, 460 miles south of Miami, Florida and 167 miles northwest of Jamaica.
Eastern Standard Time (Mar - Oct) Eastern Daylight Time (Nov- Feb).
George Town, Grand Cayman.
Owen Roberts International Airport (Grand Cayman), Charles Kirkconnell International Airport (Cayman Brac), Edward Bodden Airfield (Little Cayman).
Cayman Islands dollar (CI$) Fixed at CI$1.00: US$1.25.
Parliamentary democracy with judicial, executive and legislative branches.
International dialing code
Common law and statute with the highest appellate court being the UK Privy Council.
Investment funds and asset management, banking, insurance, reinsurance, capital markets, and trusts.
Personal income tax
Corporate income tax
Argentina, Aruba, Australia, Belgium, Brazil, Canada, China, Curacao, Czech Republic, Denmark, Faroes, Finland, France, Germany, Greenland, Guernsey, Iceland, India, Ireland, Isle of Man, Italy, Japan, Malta, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Qatar, Seychelles, Sint Maarten, South Africa, Sweden, United Kingdom and United States of America.
Minimum authorised capital
Minimum share issue
Cayman Islands exempted companies must always have at least one share in issue (except for a foundation company which may cease to have shares and members).
Timescale for new entities
Same day incorporation with certificate of incorporation available within 24 hours for an express incorporation.
Fees start at approximately US$732 for an Exempted Company.
Fees start at approximately US$853 per annum.
One. Two if regulated by the Cayman Islands Monetary Authority.
No statutory requirement. This is up to the board to decide. If regulated as a mutual fund by the Cayman Islands Monetary Authority, meetings should be held at least twice a year in person, or via a telephone or video conference call.
No public disclosure for exempted companies. However, a private register of beneficial ownership is maintained by the government.
One share issued to the subscriber on incorporation by operation of law. A Cayman Islands exempted must always have at least one member except for a Foundation company.
Public share registry
None for exempted companies.
None unless regulated by the Cayman Islands Monetary Authority.
Must be located in the Cayman Islands.
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).