Malaysia Hotline: +603- 2141 8908
Company's
law in the Cayman Islands is based on English common law. There are two types
of Cayman Islands companies: the Exempted and the Non-Resident. The ongoing
license fees for a Non-Resident Company are slightly less than for an Exempted
Company but they must submit a more detailed annual return and as such, have
not gained great favour in Asia.
The
Cayman Islands received a Royal decree in 1798 that would free them from taxes
forever and this decree remains in force. Exempted Company names do not have to
end with the suffix 'Limited', and such companies may apply for a 20 year tax
exemption certificate, further enhancing their tax exemption status. The
company name may also be expressed in Chinese characters, so long as its
English translation is provided.
In
November 2001, a new agreement with the United States (US) for the exchange of
information was signed. This provides for the exchange of information, upon
request, for criminal tax evasion, civil and administrative matters relating to
US federal income. The agreement applies to criminal tax evasion for taxable
periods commencing 1 January 2004, and to all other tax matters for taxable
periods commencing on 1 January 2006.
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 Hong Kong hotline：86-755-
36990589;
Email:
mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my