COMPANY INCORPORATION

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Where the proposed activities of a company are to be carried out mainly outside of the Cayman Islands – offshore – the registrant can apply for registration as an exempted company.

The non-resident company is an alternative to the exempted company. Such companies must maintain at their registered office, open for public inspection, a register of their past and present members. They must also report annually to the Registrar, giving the names and address of members, directors and the amount of paid-up capital.

The company may deal in shares of exempted companies, foreign corporations and partnerships, but may only carry on such other business in the Cayman Islands as is necessary for te furtherance of its foreign business. Application for non-resident status should be addressed to the Minister of Finance through the Registrar of Companies and must state that the company does not intend to carry on business within the Cayman Islands.

 

TRADE AND BUSINESS LICENSE APPLICATION

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There are many advantages to opening a business in Cayman and processing speeds for company registration and business licensing are quite timely.

Ask any of the multiple international banks, law or accounting firms on-island why they chose to invest in Cayman and the response will be unanimous. They set up business in our jurisdiction because it offers many competitive advantages that make it an attractive place to do business.

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TRADE & BUSINESS LICENSE – AMENDMENT