Cayman Company Incorporation

Cayman island company launching, like Panama companies registration, is done by offshore registered agents in the offshore tax haven of Cayman Islands. Cayman island offshore company incorporation has been done for many years now and the Cayman Islands are one of the best offshore jurisdictions for offshore organization founding, identical to Panama company formation. Incorporating an offshore company in the Cayman Island would require hiring an offshore registered agent who will take care of any paperwork to be done in the Cayman Islands.

Cayman offshore company incorporation involves filing Memorandum of Association and Articles of Association with the Registrar of Companies in the Cayman Islands. These documents are prepared by the registered agent who will submit them along with a registration fee. The information which must be sent to the Registrar of Companies has been listed below.

• A proposed name for the company
• Registered address for the company in the Cayman Islands
• Authorized share capital
• The number of shares to be issued
• The par value of shares
• Names and addresses of company shareholder and directors
• Purpose for forming the offshore company
• By-laws of the company

To incorporate an offshore company the names for companies must be chosen carefully to prevent the use of a name which has been previously used by another offshore company incorporated in the tax haven. There are strict guidelines governing the phrases and words which can be used for offshore company incorporation as names such as Bank, Insurance, Fund Management, Trust, Loans and Savings and a few others would require special license.

Cayman Offshore incorporation will give way to an offshore company which is exempted from local taxes from the first day of incorporation in the Cayman Islands. Offshore company incorporation in the Cayman Islands can be done by individuals from around the world.