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Cayman Islands

Cayman Islands located 268 km north-west of Jamaica, 640 kilometers south of Miami in the Caribbean, consists of three main islands, currently is a colony of British. Cayman Islands government has been very stable for a long time, English is official language.

Cayman Islands Companies can be divided into three categories: Ordinary, Resident Company, Non-Resident Company and Exempted Company. Exempted Company mainly plan for financial aspects by enterprises and individuals, exempted company can’t run the business in local, local government provide a guarantee of 20 years of eligibility for exemption from any local tax. Each company registered in Cayman all need a registered address and a director / shareholder. Directors, shareholders and cadres information is required to external disclosure, the registered capital of Cayman’s company is usually USD 50,000. In 1990 signed the "Mutual Legal Assistance Treaty" with the United States and British, in order to jointly guard against international criminal organizations to use Cayman financial system for illegal transactions (such as: drug trafficking or money laundering).

 

Advantages & Functions

The mainly position as "Investment Holdings" companies. Because it can GEM in the United States Nasdaq, Hong Kong, be listed on the SEX. So it used to be a holding company, to co-ordinate assets under the enterprise. Because of the cost of renewal fees is high, so the general plan will be establish before planned listing, purchase assets to facilitate accountants review and cost savings.

Cayman Islands is default by Taiwan government, has been included in "The List of Country Reciprocal Rights for Foreigners to Acquire or Set Land in Taiwan", the citizen of the country obtain or setting the land in Taiwan, no need to proof of reciprocity file. (March 27, 2001 Ministry of the Interior No. 9004788). Therefore if want to obtain or setting the land, establish a brunch in Taiwan with the foreign identity, only the BVI or the Cayman Islands to practice it.

 

Specification Of Cayman Islands Incorporation

1. Company's English Name

2. English contact address

3. Minimum 1 shareholder / director passport copy

4. Standard register capital of USD 50,000 (can also increase, but will increase government fees)