Malaysia Hotline : +603-2141 8908
The Cayman Islands is one of the oldest
offshore tax havens located in the Caribbean. The Cayman Islands companies are very
popular and thousands of companies have been registered in Cayman offshore
jurisdiction recently for financial planning purpose.
Cayman Offshore Company Registration Requirements
A Cayman offshore company is also called an exempt company.
This business company will be a tax exempt Cayman Island Company as long as no
local business operations is carried out. All Cayman island offshore companies
will be exempted from the following forms of local taxation as dictated by
company legislation in the tax haven; capital gains tax, corporate tax, income
tax, withholding tax and other forms of taxation. Incomes generated outside of
the offshore jurisdiction of Cayman Islands are not taxed in the offshore tax
haven.
Cayman Offshore Company Registration Process
The Cayman Island Company is easy to incorporate. The
process for offshore or exempted company incorporation in the Cayman Islands is
not time consuming. All documents and other paper work are prepared by
registered agents in the offshore tax haven.
At least one shareholder and one director are needed for a Cayman
Island company. The director of Cayman
Island companies can be corporation. There are no restrictions as to the
nationalities of persons who can be shareholders and directors of Cayman
companies. There is no need to appoint local Cayman Island Company officials.
The names of the shareholders and directors of Cayman Islands Companies are not
made public in the Cayman Islands.
Cayman Offshore Company Advantages
The Cayman Island companies have become very popular as they
provide asset protection and high privacy. Other than the names of shareholders and
directors not appearing on public records there are other stipulations which
allows Cayman offshore company to maintain privacy. The annual financial
statements and financial audits of Cayman Islands offshore company are not file
with the local tax authority.
The Cayman Island offshore company retains the right to keep
this at any location which the company shareholders and directors see as a
suitable location. All information concerning offshore companies incorporated
in the Cayman Islands will remain private. In terms of asset protection, the
assets in a Cayman Island offshore company belongs to the company and not any
individual therefore creditors and other parties cannot go after these assets
in cases brought against directors or shareholders of this Cayman Island
Company.
Tannet Malaysia is an international consultant firm based in Hong Kong, Shenzhen. Tannet Group Limited provide various business solution to those investor who like to expand their business oversea such as international company registration, global trademark application, commercial secretary services and etc. Kindly contact us for more information on our other services if you are interested.
Contact us:
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
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36990589;
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