Increasingly present in today's world cross-border business development trend, companies are often used to enhance the strength of transnational business, expanding business area. The offshore company incorporated in the enterprise to the world, to conduct international business, enhance its international image, reduce the tax burden on the shortcut, it would become attracted many investors to choose the development model offshore company.
Cayman Islands (Cayman Islands) Company Registration : Caribbean region's major offshore banking and financial center, the popularity of mutual funds for investment, a registered company in Singapore, the United States, Hong Kong Stock Exchange listing.
Geography:
Located 268 kilometers northwest of Jamaica, 640 km south of Miami in the Caribbean, consisting of three main islands: grand Cayman, Cayman branch, and little Cayman, a total area of ??259 square kilometers. The Cayman Islands has a tropical climate, winter, dry climate, a population of about 26,000, of whom about 3,000 are immigrants. As is still full of Islands is a British colony, local government leaders are appointed by the Queen of England.
Legal and tax:
Cayman Islands company law is based on English common law. Cayman Islands company is divided into two categories: exempt companies (Exempted) and non-local companies (Non-Resident). Long-term non-resident license fee the company's slightly cheaper than the exemption, but must submit a more detailed annual report, so not very popular in Asia. Cayman Islands in 1798 by the royal order. From then on permanent duty-free, but the entry order is still valid. Exempted company does not have to add the name of the last [Limited] (Limited), and can apply for up to two years of tax exemption certificate, and further enhance its tax advantages. Cayman Islands companies to use Chinese company name, but must provide the English translation.
6 In November 2001, the Cayman Islands and the U.S. signed a new agreement on data exchange. The new agreement, if the other requirements of U.S. federal income tax in respect of matters relating to the exchange of criminal tax evasion, civil and administrative data. Under the new agreement, both sides may Jan. 1, 2004 start and the subsequent taxable period of matters involving criminal tax evasion, and for January 1, 2006 start and the subsequent taxable period of other taxation issues related to exchange of information.
Economic Information:
The Cayman Islands have long been very stable politics, and English is the main official language. Cayman Islands, the world has a significant impact of financial services, residents of the Cayman Islands more than 70% are employed in financial and business related sectors.
Bo Xing Cayman Islands, mainly in the Government can at any time amend its laws to keep it in the financial, insurance, commercial and other aspects of leadership. There are currently 572 world-renowned banks in setting up branches to provide financial services, has absorbed a total of about four hundred and fifteen million dollars of deposits from around the world. In addition, the Cayman is the world's major markets in the world of euro transactions.
Cayman Islands Company Category: Cayman Islands company may be divided into three types: general local operating companies (ordinary resident company), the general non-resident company (non-resident company) and exempted company (exempted company), which exempted company (exempted company) mainly foreign enterprises and individuals to make financial planning. A company can not exempt the local business, every company registered in the Cayman Islands, are subject to a registered address and a director / shareholder. Directors, shareholders and officers of information is not open to the public, the Cayman Company's registered capital is usually US $ 50,000.
Cayman Islands Company characteristics: to allow Hong Kong and Singapore stock markets outside the Cayman Islands-registered company listed on the local stock market transactions. Second only to Bermuda, the Cayman Islands, and a major insurance center. About more than 350 registered insurance companies in this business and this figure has been increasing among the annual average growth rate of 40 homes, insurance companies registered in this mostly engaged in the health insurance business. Average of 4,300 a year trust company registered and established in this, the Government is also actively promote the Cayman ship business. The Cayman government has been actively strengthening its credibility overseas financial operations, and in 1990 with the United States and Britain signed the "common legal assistance" agreements (Matura legal assistance treaty), to jointly guard against international criminal organizations in the Cayman's financial system illegal transactions (such as drug trafficking or money laundering.) In 1989 the Cayman government passed a law to determine the behavior of drug money laundering is illegal in the Cayman Islands, Central America, the Caribbean, this is the first in the precedent of the first in the prevention of crime at the same time, the Government remains committed to the protection of the Cayman secretive nature of legitimate business practices, political stability since the Cayman government, the economy is stable and safe, pleasant climate, so many immigrants, the local government for the immigration and work permit application has also taken strict control.
Founded Apply:
1, at least one director and shareholder of the company come forward to register the Cayman exempted company (exempted company).
2, in line with the local government is used to prevent the Cayman company in the local money-laundering and other illegal acts, since November 1996, the establishment of the Cayman company must provide the accountants, lawyers, a letter of recommendation.
3, the company set up 30 working days to complete the required registration, and get all the relevant documents, our ready-made companies available to choose from.
4, the company is set up in Hong Kong, Singapore, the U.S. stock exchange listed trading.
5, the company is set up, can any country in the world to engage in any lawful business activities.
6, the company directors, shareholders attending the meeting through the proxy mode (proxy) to complete.
7, the company may apply at any time change of the company directors, shareholders and key senior staff.
8, the name of a company can open a bank account, set up a trust, to open letters of credit, documentary bills, transferable letter of credit.
9, can have shares in other companies, real estate and other property.
10, the company set up registered capital of no real place.
11, the local government to ensure that any local tax exemption for 20 years of eligibility.
Trade restrictions: not allowed to trade within the Cayman Islands or own real estate activities. In the absence of permission, can not be banking, insurance or mutual fund industry business practices, not to the public to raise funds.
PS: and other offshore up to the comparison:
Hong Kong |
British Virgin Islands, British virgin Islands |
Cayman Islands |
|
Minimum number of shareholders |
A |
A |
A |
Minimum number of directors |
A |
A |
A |
Corporate directors permitted |
Allow |
Allow |
Allow |
Standard authorized share capital |
HK $ 10,000.00 |
US $ 50,000.00 |
US $ 50,000.00 |
Taxation on offshore profit |
Zero |
Zero |
Zero |
Add Chinese name |
Can |
Can |
Can |
Type of Company |
Co., Ltd. |
International Business Companies |
Exemption |
Is the British justice system |
Is |
Is |
Is |
Registered office |
Need |
Need |
Need |
Submit annual returns |
Need |
No |
Need |
Submit audited accounts |
Need |
No |
No |
Global Bank Account |
Can |
Can |
Can |
Allow companies to move volumes |
Can not |
Can |
Can |