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ENGAGEMENT COSTS Year 1 incorporation US$7,900 * Annual fees from Year 2 US$3,600 * Nominee director fee Company de-registration * Includes government licence fees, registered office for 12 months, Company secretary fees for 12 months |
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Cayman Islands company formation is a tax-efficient corporate solution for international entrepreneurs. The following information will help you determine whether Cayman Islands company formation is the optimum solution to meet your business and personal objectives: |
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| Advantages of Cayman Islands Company Formation | |
| 1. | If properly structured, Cayman Islands company formation can legally house international profits while minimising international taxation. |
| 2. | Only one shareholder and director is required to complete Cayman Islands company formation. The shareholder and director can be the same person, can be a corporate body and can be 100% foreign. |
| 3. | An exempted Cayman Islands company need not keep a register of members open for public inspection. |
| 4. | There are no minimum capital requirements with Cayman Islands company formation. |
| 5. | Cayman Islands company formation is a legal corporate structure with no annual reporting, accounting or auditing requirements. |
| 6. | Following Cayman Islands company formation, the entity can be run from anywhere in the world. |
| 7. | Complete absence of direct taxation - no corporation, capital gains, payroll, property or withholding taxes - and this can be backed by a 30-year Government guarantee. |
| 8. | It is easy to open global corporate bank accounts to support Cayman Islands company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services. |
| Disadvantages of Cayman Islands Company Formation | |
| 1. | The Cayman Islands is internationally perceived as an offshore tax haven. |
| 2. | In June 2000, the Cayman Islands were deemed a 'cooperative jurisdiction' on tax matters by the Organisation for Economic Cooperation and Development (OECD) in the exchange of information. |
| 3. | A Cayman Islands exempt company cannot trade in the Cayman Islands. The board of directors of a Cayman Islands exempt company are required to hold annual meetings once a year in the islands. |
| Other Information | |
Refer to the following links to read more information on Cayman Islands company formation:
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| Contact Us | |
| For more information on Cayman Islands company formation, email email@healyconsultants.com or call (+65) 6735 0120. | |
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ENGAGEMENT COSTS Year 1 incorporation US$7,900 * Annual fees from Year 2 US$3,600 * Nominee director fee Company de-registration * Includes government licence fees, registered office for 12 months, Company secretary fees for 12 months |
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| © 2003 Healy Consultants Pte Ltd | AMERICAS COMPANY SET UP SERVICES |