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The Cayman Islands gained this status by marketing itself as a luxury tourist destination, which allowed them to charge higher rates, and sell high-end products to visitors who were willing to spend more for special treatment and pampering. In 2003, the islands welcomed over 2.1 million tourists, with half of these guests arriving from the United States alone to invest into Cayman Island.
The financial sector is the second largest industry in the Cayman Islands. The lack of taxation from Great Britain allowed the Cayman Islands to establish itself as one of the top financial centers in the world, and 40 of the world’s largest banks make their homes in the country. At one point, more than 80,000 international companies were registered in the Cayman Islands. Currently, there are
four basic types of companies available in Cayman company registration:
1. Resident/Ordinary Companies
Resident/Ordinary Companies are companies with capital less than $42,000;
pays for fee of $150 upon registration. If their capital is more than $42,000,
their registration fee will be increase which is $350.
2. Non-Resident Companies
Non-Resident Companies are companies without permanent location and has capital
less than $42,000; upon filing a Memorandum and Articles of Association, and
its Annual Return of January, the registration fee is $400. If the capital is
more than $42,000 then the registration fee is $565.
3. Exempted Companies
Exempted Companies are companies where the activities are held outside the
Islands and are tax free. Most people use these offshore locations for exempt companies for a
business which would be barred from carrying out business in Cayman, other than
in the requirements for doing offshore businesses. It is also possible that
Trust companies, Insurance and Banks can end up being registered as an exempt
company, once the required license is done.
4. Segregated Companies
Segregated Companies are the type of companies for insurance enterprises.
The annual fee is the normal exempt registration fee plus $2,000 and an
additional fee of $1,000 for each segregated portfolio.
Tannet Malaysia is an international consultant firm based in Hong Kong, Shenzhen. We provides one stop business solution for those investor who are interested to invest overseas such as Samoa, Seychelles, Belize, Singapore, England, Thailand, Delaware and etc. We offer corporate secretarial services as well such as receptionist answer phone call and documents management. Others business services included global trademark registration, video production, bookkeeping service 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;
24 hours Hong Kong hotline：852-27837818;
24 hours Shenzhen hotline：86-755-
36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my