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 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…
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…
The Cayman Islands Exempted Company is the most widely-used business form by foreign investors looking to do business in the British overseas territory. This company can carry out its activities outside the Islands, however, it may hold investments here. Cayman islands company formation is a facile process and this particular…
When setting up a Cayman Islands exempted company, it is a beneficial step to consider fiduciary services. This involves the management of assets on behalf of another individual or a corporation. Those who provide these services are bound by a fiduciary agreement and adhere to high standards of performance, always…
A commercial code, through its set of laws and regulations, facilitates commercial transactions in a given jurisdiction and sets forth a number of conditions and standards that are to be observed by market participants. The Commercial Code in the Cayman Islands is not a single, unified law, rather a collection…
In order to obtain a passport for Cayman Islands, or the British Overseas Territories Citizen passport, the applicant is required to follow through with the process set forth by the Passport and Corporate Services Office located in Grand Cayman, George Town. The application process is a straightforward one, however, investors…
Opening a Grand Cayman branch is one way in which a foreign company can establish its business operations in the Cayman Islands in 2024. This type of establishment is commonly used by banks and other financial institutions, however, provided that the characteristics of the branch suit the investor’s needs, companies…