Chesterfield (London) - Headquarters
207 Old Marylebone Road
London
NW1 5QP
Tel: +44 (0) 203 771 3853
Fax: +44 (0) 203 771 3856
Email: sales@groupchesterfield.com

Cayman Islands

The Cayman Islands is a group of three islands in the Caribbean to the south of Cuba. The capital and financial centre, George Town is on the largest island, Grand Cayman. The territory is a British Crown Colony and the British government has the ultimate power to legislate. There is however a Legislative Assembly which governs and enacts legislation with the consent of the British Crown. The Governor is responsible for external affairs, , law and order and the civil service. The language is English and the currency the Cayman Islands dollar. Financial services and tourism are the mainstays of the economy.

The Cayman Islands hosts a substantial financial services industry and is a major centre for offshore banking, offshore fund management and captive insurance operations. The Companies’ Act 1960 as amended is based on the English Companies’ Act of 1948. The Act provides for exempt companies and a Cayman exempt company must conduct its business activities outside the Cayman Islands. It is not permitted to own real estate within the Cayman Islands.

Being a British Controlled Territory the Cayman Islands is subject to the terms of the European Savings Tax Directive

Cayman Islands offshore company regulations
Type of entity Exempt
Type of law Common
Corporate taxation Nil
Double taxation treaties available No
Share Capital
Usual currency U.S.$
Permitted currencies Any 
Minimum paid up $1
Usual authorised $50,000
Directors
Minimum number 1
Local resident required No
Records publicly available No
Corporate Director allowed Yes 
Shareholders / Members
Minimum number 1
Records publicly available No
Location of Meetings Anywhere
Company Secretary
Required No
Local or qualified N/A 
Accounts
Required Yes
Audit required No
Filing required No
Publicly available No
Other
Annual return required Yes
Change of domicile permitted Yes
Availability of shelf companies Yes
Time ti incorporate shelf co 2-3 working days
Time to incorporate new co 3-4 working days

To learn more about Cayman Islands services follow the link below or call us on our offices

Telephone Number: 44 20 7097 1385



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