Debt collection is the practice of following through with unpaid debts or invoices from individuals or other businesses. Many companies in the Cayman Islands, when faced with a situation that implies this process, will usually request the services offered by a specialized agency. The goal is to collect the amount…
The shareholders in a Company in the Cayman Islands have limited liability, up to the amount they have invested in the company. When an individual becomes a shareholder, he will provide his personal information to be included in a special register, however, there is no requirement for public disclosure, and…
The Trade Register in the Cayman Islands is part of the General Registry. It manages a number of registries, including the ones concerning companies, marriages, death, and births. Its company division has the role of recording all of the new companies registered in the Islands. The Cayman Islands is a…
The Cayman Islands is a popular offshore jurisdiction with the exempt company being the business entity of choice for many foreign investors. The main benefits of opening a company in the Cayman Islands include, but are not limited to, a fast incorporation process, no direct taxation, legal structure flexibility and…
Investors who are interested in opening a Cayman Islands exempted company may also be inquiring about long-term stays in the country. Residing permanently in the Islands is possible for those individuals who have been residents for eight years or those who apply for the permanent residence as a person of…
A double tax treaty is a bilateral agreement between two parties for the abolition of double taxation on active and passive income. As the Cayman Islands impose no income tax, it has not entered into many double tax agreements and, in fact, some of these have been signed in recent…
The Cayman Islands are a jurisdiction with multiple advantages for entrepreneurs, among which the lack of direct taxes for companies, a good legal regime, and low reporting requirements. The Cayman Islands exempted company is among the top business entity choices, however, its registration will demand a certain level of compliance…
NOTE: To comply with local laws and regulations, we do not offer shelf companies in the Cayman Islands. We can however incorporate new Cayman Islands companies as an alternative. The process of incorporating a new Cayman Islands company has the same cost and the timeline. When acquiring a shelf or ready-made company in the Cayman Islands, entrepreneurs…
Many foreign investors are interested in Cayman Islands company formation due to the attractive taxation regime and overall simple management and company requirements. Nonetheless, having a team of Cayman lawyers to work with presents unique advantages irrespective of the type of business or the industry in which the company activates.…
Setting up a Cayman Islands company is a simple process and many foreign investors choose to set up a company here. Opening a business bank account is a subsequent step after the formation of the legal entity and individuals and entrepreneurs can choose between the various bank branches that offer…
