Advantages of Cayman Islands company registration
1. Tax incentives:

The Cayman Islands are known as a "tax haven" and do not levy corporate profit tax, capital gains tax, and inheritance tax. Within 20 years after company registration, there is no need to pay taxes, only stamp duty needs to be paid.

2. High confidentiality:

The Cayman Islands strictly maintain the confidentiality of shareholder and director information of international business companies, and generally do not disclose it publicly, with very little information disclosure. If someone discloses information in violation of regulations, it would be a criminal offense.

3. Loose foreign exchange controls:

The Cayman Islands have no foreign exchange controls and free transfer of funds, which is convenient for international trade and capital operations.

4. The registration process is simple:

The process of registering a company is simple and efficient. As long as you provide your ID card or passport and proof of address, it can usually be completed within 10 working days.

5. Low maintenance cost:

Companies generally do not need to submit annual reports or financial statements, nor do they need to hold annual shareholder meetings, which greatly reduces administrative burden.

characteristic:

Prohibited from operating locally in Cayman, purely offshore.

At least one shareholder is allowed, and nominee shareholders are allowed to hold shares on behalf of others.

There is no upper limit on registered capital, and the standard authorized capital is $50000 (for shares without face value).

Applicable scenarios:

Red chip architecture and VIE listed entities.

Private equity funds and family wealth management.

characteristic:

At least one general partner (GP) shall bear unlimited liability, while the liability of limited partners (LP) shall be limited to the amount of capital contribution.

No need to submit partner information to the public registry.

Applicable scenarios:

Private equity funds and hedge fund structures.

characteristic:

Combining trust and company characteristics for asset protection or charitable purposes.

No shareholders, managed by the Council.

Applicable scenarios:

Family estate planning and charitable foundations.

A company registered in a jurisdiction outside the Cayman Islands but intending to have a business address and conduct business within the Cayman Islands.
IICore Requirements for Cayman Islands Company Registration
01. Shareholders

Local licensed agency is required to provide an address.

A local Cayman secretary company must be appointed.
3、 Cayman Islands Company Registration Materials
（1） Shareholder/Director Information

Including company name, share structure, business scope, etc., can be drafted by an agency.

Provide information on the beneficial owner (UBO) (submitted only to the registration agent and not publicly available).

Resume of shareholders and directors, bank recommendation letter (some agency requirements).
4、 Cayman Islands company registration process
Step 1: Name Search

Submit 3 alternative names to the Cayman Companies Registry (CIGA) to ensure they do not duplicate existing companies.

Sign a service agreement with a licensed agency in Cayman, specifying registration and annual fees.

The agency drafts the company's articles of association and arranges for the notarization of shareholder/director documents.

Agent submits materials to CIGA and pays government fees (approximately $600).

Obtain the Certificate of Association (COI), articles of association, shareholder register, etc.
5、 Notes on Cayman Islands Company Registration
1. Annual declaration

If engaged in "related activities" (such as fund management, headquarters services), it is necessary to establish a physical office in Cayman and hire employees.

No audit report is required, but financial records must be retained for at least 5 years.

Avoid using it for illegal activities (money laundering/tax evasion), otherwise it may be cancelled

If it involves actual control by Chinese tax residents, the CRS information exchange rules must be followed

Ensure reasonable business purposes and avoid being identified as a 'tax opaque entity' and facing sanctions.

Local banks in Cayman, such as Cayman National Bank, have high account opening requirements and can prioritize choosing banks in Singapore or Switzerland.

Starting from 2023, it is required to submit beneficial owner information to the registration agent to ensure accuracy and avoid fines.
6、 Common Problems in Cayman Islands Company Registration
Do Cayman companies need to pay any taxes or fees?

Answer: The maximum penalty for overdue payments is 500 Cayman dollars (approximately 600 US dollars), and companies that fail to renew their licenses for a long time will be forcibly deregistered.

Answer: Yes, and there are no restrictions on place of residence or nationality.

Answer: Shareholder and director information is not publicly available, but the registration agent needs to retain records of beneficial owners for regulatory agencies to access.