Cayman Islands

     In General     

          The Cayman Islands are a British colony and therefore the United Kingdom Parliament at Westminster has the right to legislate. This has important implications for the future of confidentiality although not for the other aspects of incorporating in the Caymans. The economy of the Islands is strong, enjoying full employment. The official and spoken language is English. The official currency is the Caymanian Dollar. There are no exchange controls.

     Advantages

         •  Strategic holding for China & international investment;
         •  Only one shareholder and one director required, natural or corporate of any              nationality allowed;
         •  Bearer share permitted;
         •  No financial statement required;
         • Beneficiary owner only disclosed to agent. Details do not appear on the              public register;
         •  All the powers of a natural person;

    Setup Requirements

         •  Minimum 1 shareholder + 1 director
         •  Minimum US$1 issued and allotted share capital
         •  Registered address in the offshore country
         •  Corresponding address in Hong Kong for license renewal purpose.
         •  The normal authorized share capital is US$ 50,000, which may be
            expressed in any currency. (Registered shares of par or no par value, bearer
            shares, preference shares, redeemable shares and voting or non-voting
            shares.)
         •  The names and addresses of the proposed first directors must be disclosed
            to the Registrar.

         •  All setup information will not be available for public search. However, you
            may have to disclose when opening bank a/c.
         •  Give shareholder / director / corresponding address information to
             appointed professional
         •  Give photocopy of identities


For further details contact us