Benefits of registration in Cayman Islands

What are the advantages of setting up Cayman Company?

1. In Cayman, all international business companies registered locally must abide by the confidentiality provisions. There are few information disclosure requirements and relatively strict confidentiality provisions, which are conducive to enterprises to abide by the confidentiality provisions of business operations, including the need to produce audited accounts or annual audits, allowing the issuance of bearer shares, having no record of local activities, disclosing the names of directors to the company registry, and registering shareholder information.

2. Cayman has no foreign exchange control, and the transfer of funds is not restricted. This is very attractive for enterprises that implement foreign exchange control, which is convenient for enterprises to carry out capital operation.

3. Companies registered in Cayman Islands have no tax, which is very practical for individuals, companies and trust industries. Therefore, the Cayman Islands is called a real tax haven. There is no profit tax and property tax, and the only tax is stamp duty. Any transfer or mortgage of real estate is subject to stamp duty.

4. You can open bank accounts, set up trusts, negotiate bills, open letters of credit and transfer letters of credit in China, Hongkong and Singapore in the name of Cayman Company.

5. Cayman Company can be listed in Hong Kong, the United States, Singapore and other securities markets.

6. The registration process is convenient and the maintenance cost is very low. The registrant doesn't need to go to Cayman in person to operate, and a professional registration agency does it for him.

7. It is very convenient for enterprises to carry out transnational operations, which will be limited by themselves, and registering a Cayman company has become a shortcut for enterprises to go out and carry out transnational operations.

8. The legal environment is relaxed. The Cayman company law based on the British company law is relatively mature, so it is conducive to attracting overseas companies to register.

9. The tax burden is very light and double taxation can be avoided. Cayman's tax burden on various international commercial companies and offshore companies is extremely light. Moreover, Cayman has signed treaties with major economic powers to avoid double taxation, and does not levy income tax, capital gains tax, corporate tax and inheritance tax.

10, the company management is simple. Offshore companies do not need to hold annual shareholders' meetings and board meetings. Even if there are, their positions can be chosen at will, and they have great freedom. Many offshore financial centers do not have low capital requirements for international commercial companies.

Cayman Company Registration: /kmgs/