Advantages of company incorporation in the Cayman Islands:
- Advanced legislation is consistently upgraded according to the contemporary financial business demands.
- High confidentiality standards.
- There is no minimum or maximum share capital requirement and the capital can be denominated in any currency.
- Companies may be set up with just one shareholder who may be a natural person or a corporation and a resident of any country.
- Nominee services are available (director and shareholder).
- An advanced banking infrastructure with the local banking sector ranking fifth in the world.
- The representative of the company does not need to be personally present to open a bank account.
- There are no exchange controls.
- Bearer shares and shares with no par value are permitted.
- All company administration procedures are straightforward with no extensive staff requirements.
- Cayman Islands incorporated offshore companies are tax exempt: there is no taxation of any income, profit, dividends, royalty, investment or capital gains.
- There is no requirement for financial statements and audited accounts.
- Annual meetings of directors and shareholders are not mandatory.
- There is an advanced infrastructure with high standards of professional services: banking, accounting and legal.
- The Cayman Islands have advanced telecommunications and a highly organised transportation system.
- The jurisdiction enjoys economic and political stability.