Cayman Islands

Welcome to the Cayman Islands

In the Cayman Islands the infrastructure, cost effectiveness, ease of doing business and an attractive taxation system create an environment conducive to setting up international business structures. The Cayman Islands are a leading international financial centre and widely recognised as one of the pre-eminent jurisdictions for company formation and the leader in the formation of offshore investment funds.

The Companies Law (as amended) of the Cayman Islands provides for a category of companies that carry on business mainly outside of the Territory. These are known as “exempted companies” and are the favourite type of corporate entity for international clients.

Cayman benefits from an international, experienced and qualified workforce including lawyers, accountants and auditors. The Cayman Islands is a British Overseas Territory and the laws are based largely on the laws of the United Kingdom.

Overview of services

The Cayman Islands office provides a range of corporate, accounting and fiduciary services to Cayman Islands companies and partnerships.

The office has a global reach which provides clients who need a multi-jurisdictional solution can be serviced seamlessly and the expertise within the office and the group ensures that complex situations can be handled professionally and efficiently.

Our client base encompasses the whole spectrum, from single owner companies to family offices, from small corporate groups to large listed public companies.

Corporate and fiduciary services:

  • Company formation
  • Registered agent/office
  • Company secretary
  • Directorship services
  • Accounting, payroll and tax
  • Economic substance packages
  • Regulatory liaison
  • Bank account opening

Forming an exempted company

An exempted company can be limited by shares or guarantee, or unlimited. Companies are usually formed with limited liability and limited by shares.

Incorporation is by way of registration with the Registrar of Companies (and can take as little as 24 hours to complete).

Share can be issued without a nominal or par value and under the present laws companies with an authorised capital of US $50.000 would be subject to the minimum government fee.

A company needs only one director and there is no residency requirement. A company must have at least one shareholder.

Tax exemption can be obtained for an initial period of 20 years.

Investment funds

The Cayman Islands are one of the leading international fund domiciles offering a variety of fund structures and a level of regulation depending on the structure and the type of investor profile.

There has been a dramatic growth in the fund industry over recent years and many of the investments funds are now quoted on stock exchanges such as London and Hong Kong.

Along with the growth in the number of funds domiciled in the Cayman Islands, there has been similar growth and sophistication in the service providers based here offering fund administration, audit, legal and consulting services.

There are 4 categories of fund in the Cayman Islands:

  • Exempted mutual funds;
  • Registered mutual funds;
  • Administered mutual funds;
  • Licensed mutual funds

An exempted mutual fund will not be subject to supervision under the Mutual Funds Law if the equity interests are held by not more than 15 investors and a majority of those investors are capable of appointing or removing the directors, general partner or trustee of the fund. Commonly referred to as a Cayman 4(4) fund, these can be attractive as private investment vehicles for family offices.

Contact Details:

Governors Square
West Bay Road
PO Box 30746 SMB
KY1-1203
Cayman Islands

Tel: +1 345 743 3300

E-mail: corporate.cayman@amsfinancial.com

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