The Cayman Islands is a stable financial center and one of the most popular offshore company domiciles in the world. Registering a Cayman company can provide your business with globally recognized business credibility and help you achieve full tax advantages. In addition, setting up a Cayman company can provide you with services such as global bank account opening, asset protection and privacy protection.
directory
1. Materials for registering a Cayman company
2. Cayman Major Companies Law
01
Materials for registering a Cayman company
TranzVision
TranzVision
Xunshi Global
(1) Company name: A unique company name is required, usually including an official name (English or Chinese and English) and an abbreviated name.
(2) Company type: Confirm the type of company, usually a limited liability company. The shareholding ratio and class of shares (e.g. voting shares, preferred shares, etc.) of each shareholder should also be confirmed.
(3) Articles of Association: Submit the articles of association containing detailed provisions on the purpose of the company's establishment, shareholders' rights, and the rights and responsibilities of directors and shareholders.
(4) List of shareholders and directors: The name, address, contact information and position of all directors and shareholders are required. If the company is represented by a nominee, the agent's information and authorization are required.
(5) Company Secretary: It is necessary to appoint a company secretary when registering a company, and you need to know the contact information and information of the company secretary.
(6) Company registration fee: Determine the amount of the registration fee and the payment method in US dollars or other foreign currency.
(7) Beneficial Owner (UBO) Information: To submit all final shareholders/owner information, the name, nationality, address, contact information, etc. of all final shareholders/owners must be disclosed.
(8) Company registered address: The company's registered address and mailing address and telephone number are required.
(9) Company business plan: submit the company's business plan and operation strategy list, market research, financial plan and budget and other documents.
02
Cayman Major Corporate Law
TranzVision
TranzVision
Xunshi Global
(1) Type of company: Companies in the Cayman Islands are mainly divided into two categories: limited company and unlimited company, limited company is the most common type, and the liability of its shareholders is limited to the number of shares they hold. While shareholders of an unlimited corporation have no limitation of liability, they can have unlimited liability for the company's debts.
(2) Company registration: To register a company in the Cayman Islands, a series of documents and materials need to be submitted, including the articles of association, names of directors and shareholders, number of shares, etc. In addition, there are fees associated with company registration, which will vary depending on the nature of the company and the type of registration.
(3) Corporate management: The company must have at least one director and one shareholder, and can be held by anyone. The company is also required to appoint a company secretary to act as the company's executive manager and legal representative. Directors are the decision-makers of the company and are expected to act in accordance with the articles of association and the provisions of the Companies Act to ensure the lawful operation of the company. Shareholders have important rights and interests in the company, such as selecting directors, approving business plans, and receiving dividends from the company.
(3) Articles of Association: The articles of association are the management documents of the company, which stipulate the purpose of the company, the rights and obligations of shareholders, the duties of directors and the rules to be observed, etc. The articles of association are the most basic documents of the company, which need to be followed and updated after promulgation.
(5) Shares: In the Cayman Islands, a company's shares can be divided into different types, including common shares, preferred shares, etc. The transfer and trading of shares is relatively flexible and free in the Cayman Islands, and shareholders are free to buy and sell shares without the consent of other shareholders.
(6) Company records: The Cayman Islands Companies Law requires companies to maintain some necessary records, such as minutes of board meetings, minutes of shareholders' meetings, financial statements, etc. These records verify a company's actions, decisions, and financial position in its business and can provide for audit or regulatory authority audit.
(7) Company dissolution: A company can voluntarily deregister or liquidate, or it can be forcibly dissolved for violating the provisions of the Company Law. After the dissolution of the company, the company's assets will be settled and liquidated in accordance with the regulations, and the remaining assets will be distributed to shareholders.