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Cayman Islands

Titanius Nominees > Services  > Corporate > Cayman Islands

General Information

The Cayman is a British Overseas Territory in the western Caribbean Sea. The 264-square-kilometre territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman located south of Cuba. With an average income of around KYD$47,000, Caymanians have the highest standard of living in the Caribbean. The government’s primary source of income is indirect taxation: there is no capital gains tax, income tax, or corporation tax.

Key Benefits:

  • Annual reporting, auditing and accounting are not required.
  • The absence of direct taxation makes Cayman Islands a heaven for long term business planning and the perfect place to maximize efficiency.
  • No minimum capital requirement for a company formation.
  • Only one Shareholder and one director is required for incorporating the company, which can also be the same person or corporate entity.
  • Corporate bank accounts with benefits and advantages towards the corporate sector.

Fact Sheet

General
Type of Company
Type of Law Common
Shelf company availability Yes
Our time to establish a new   company 1-2 days
Minimum government fees (exl. Tax) US 732
Corporate Taxation Nil
Double Taxation Treaty Access No
Share capital or equivalent
Standard currency US
Permitted currencies Any
Minimum paid up US 1
Usual authorised US 50.000
Directors & Secretary
Minimum Number 1
Local Required No
Publicity accessible reports No
Location of meetings Anywhere
Secretary Not required
Shareholders
Minimum Number 1
Local Required No
Publicity accessible records No
Accounts
Annual Tax Return No
Audit Requirements No
Requirements to file accounts No
Publicity accessible records No
Other
Requirement for file annual return Yes
Change in domicile permitted Yes
Recurring Government costs
Minimum annual Tax/ License Fee 0
Annual Return Filling Fee Yes

We are proud to have an established international network of associates that enables us to provide services beyond compare, to our existing and new to come clients. One of the things we value the most, is communication with our clients. Feel comfortable to contact us anytime for any enquiry you might have.