CAYMAN ISLANDS COMPANY FORMATION

Cayman Islands Company Formation

Situated in Western Caribbean, the Cayman Islands are actually British Crown Colony. The island has small population with English being the official language. The legal system that runs in the island is that of the British system. It is obvious that these islands have a strong link with UK and hence the place is politically stable, safe and protected from almost all aspects. In case, you are planning to open an offshore company in this Island country, you must opt for our professional Cayman Islands Company Formation service otherwise you will have to face a barrage of problems sooner or later.

In fact, it has been seen that the standard of living in the Cayman Islands is one of the highest in the Caribbean. The GNP per capita of Cayman Islands is around $49,000. Right from the business infrastructure to transport system to communication facilities, everything is well developed in Cayman Islands.

One of the major financial centers, with being the 5^th largest banking sector in the world, the Cayman Islands is one of the greatest destinations for offshore company formation. If you are looking for international expansion for your business, you need to get in touch with a company that has proven record of providing Cayman Islands Company Formation service. The Cayman Islands has some top global financial institutions and almost 279 banks with service providers providing high quality banking and accountancy practices. The numbers of registered businesses in the islands are innumerable, infact more than the total population of the islands.

The implementation of the ‘Mutual Legal Assistance Treaty’ in 1986 has led to greater legitimacy of businesses which are coming from outside and being established in Cayman Islands. The main purpose of this treaty is assisting the various law enforcement agencies of different countries when they think that a Cayman Islands company has been integrally involved in some kind of criminal activity. Whatever may be the situation, privacy is maintained.

Mentioned below are key benefits of Cayman Islands company formation:

• There is need of only one director and shareholder in new company formation. It can be one person for both designations or a corporate body without inclusion of a local.
• All legislation and documents are in English for easy understanding.
• There are no auditing, accounting or annual reporting needs for an offshore Cayman Islands company.
• No minimum capital is required for company formation in Cayman Islands.
• There is no corporation, direct taxation, capital gains, property or withholding taxes in the Cayman Islands.

Though there are minimal hassles of Cayman Islands company formation, getting some assistance is always helpful for you and this is where BRIS group comes into the picture. All kinds of documentation, paper works and legal formalities are handled by us and your company formation process is made smooth and hassle free. Talk to us for all kinds of assistance.