Offshore Inc
Cayman Islands Overview
 
Offshore Incorporations, Bank Accounts, and Services. 
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Glossary
Terms & Cond.
Cayman Islands IBC Overview
GENERAL
Type of Company
Exempt
Political Stability
Good
Common or Civil Law
Common
Disclosure of Beneficial Owner
Yes (however, only to alert)
Migration of Domicile Permitted
No
Tax on Offshore Profits
Nil
Language of Name
Latin Alphabet
CORPORATE REQUIREMENTS
Minimum Number of Shareholders
One
Minimum Number of Directors
One
Bearer Shares Allowed
No
Corporate Directors Permitted
Yes
Company Secretary Required
No
Standard Authorised Share Capital
US$ 50,000
LOCAL REQUIREMENTS
Registered Office/Agent
Yes
Company Secretary
No
Local Directors
No
Local Meetings
Yes (by proxy)
Government Register of Directors
Yes
Government Register of Shareholders
No
ANNUAL REQUIREMENTS
Annual Return
Yes
Submit Accounts
No
RECURRING FEES
Minimum Annual Tax/Licence Fee
US$ 1180
Annual Return Filing Fee
N/A
DUE DILIGENCE REQUIREMENTS
Notarized copy of Passport
Yes
Bank Recommendation
Yes
Professional Recommendation Yes, if bank account is less than 3 yrs old
Copy of utility bill with owner's name & address.
Yes

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