The Cayman Islands, a self-governing British Overseas Territory consists of a group of three islands in the Caribbean: Grand Cayman, Little Cayman and Cayman Brac. The main Island, Grand Cayman, is situated approximately 480 miles southeast of Miami. George Town, the capital is on the western shore of Grand Cayman.

It is a leading international banking centre, the world’s leading domicile for offshore hedge funds, the second largest captive insurance centre and a world leader in structured finance. Cayman has its own stock exchange, The Cayman Islands Stock Exchange (CSX). Matters pertaining to the conduct of offshore businesses and regulation related thereto including issuing of licenses are governed and supervised by the Cayman Islands Monetary Authority (CIMA).

Other basic facts:

Time zone

Greenwich Mean Time -5


Official language



National currency

Cayman Islands Dollar (KYD)



Exempt CompanyThis type of company will carry on business outside the Islands and is not permitted to own real estate in the Cayman Islands unless special application made to the Financial Secretary is granted or unless the articles specifically preclude the issue of bearer shares
Shelf company availabilityNone
Permitted currenciesAny foreign currency
Standard currencyUS$
Minimum issued capitalNone, but our standard company comes with standard paid-up capital of US$1
Authorised capitalMinimum US$1 but the normal capital is US$50,000
Par / nominal valueOptional
MinimumOne (1)
Corporate directorPermitted
Local director requirementsNo
Location of meetingAnywhere
Minimum number of meetingsPer Articles of Association
Publicly accessible recordsNo
MinimumOne (1)
Bearer sharesYes, bearer shares must be kept in the custody of an “authorised custodian”, which is defined as a bank or trust company or company manager licensed to do business in the Cayman Islands
Corporate shareholdersPermitted
Local shareholders requirementsNo
Location of meetingAnywhere
Minimum number of meetingsPer Articles of Association
Publicly accessible recordsNo
Local secretaryNot mandatory
RequirementsCayman licenced registered office address within the islands
Preparation of accountsYes
Audit requirements and filingNo, unless company conducts an activity required it to be regulated by the Cayman Islands Monetary Authority
Publicly accessible recordsNo
Annual returnYes but minimal. It consist only of a statement that the company has conducted its operations mainly outside the Cayman Islands and has complied with the provisions of the Companies Law
Annual government feeDepends on the company's share capital
Legal systemCommon Law
Corporate re-domiciliationYes
Double taxation treaty accessNo
Exchange controlNo
TaxationTax neutral jurisdiction. There is no form of taxation in the Cayman Islands. An exempted company is entitled to receive a tax-free guarantee from the Government of the Cayman Islands for up to 30 years. The Government in the first instance normally grants a guarantee for 20 years, but it is normally renewable for a further ten years on expiry

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