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To register a company in the Cayman Islands, the materials and procedures required are as follows:
1. Verify the name of the registered Cayman company.
2. Prepare the information required for the registration of a Cayman company.
1) Provide the company's directors and shareholders' certificates.
2) The registered capital of the company starts from 50,000 US dollars.
3) Provide the personal permanent residence address of shareholders and directors.
4) Provide the company's business scope.
5) Provide the local registered address of the company in Cayman, and the documents such as the identity certificate of the director or shareholder, the copy of the address certificate and other documents you provide when registering the Cayman company need to be certified by Cayman professionals.
4. Submit the registration information to the relevant Cayman department for registration.
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To register a company in the Cayman Islands, the following conditions need to be met:
1. The name of the Cayman company.
The company name cannot be similar or identical to the name of an existing company; Secondly, if the name wants to include words such as bank, **, insurance, trust, rebanking, etc., it needs to be approved first; Then, the company name is allowed to contain words such as international, group, holding, industrial, etc.; If the company name needs to be added in Chinese, it must have an English translation, and the registration documents must be written in English.
2. Composition of Cayman Company.
To register a Cayman company, there must be at least one ** owner, at least 18 years old, both natural and legal persons, and no nationality is limited; There must be at least one director, with the same requirements as shareholders; It is not necessary to have local shareholders and directors for the establishment of a company, but a Cayman company or an individual with local residency status must be appointed as the registered person.
3. Registered address of the Cayman company.
The location must be located within the jurisdiction of Cayman**; It is possible to set up a company office in China.
4. The business scope of the Cayman company.
Register a Cayman company, with a wide range of business scope, as long as it is legal, you can choose freely.
5. The registered capital of the Cayman company.
There is no limit on the capital of a Cayman registered company**, but it is generally at least US$50,000; The capital can be divided into 50,000 shares at $1 per share, which is used as internal financing for the company; You can choose to issue a registered or bearer**.
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Hello, Hengtong International tells you to register a company in the Cayman Islands, first of all, you need to provide the following information:
1.Company Name: The name of the company (the name can end in:
limited、corporation、incorporated、societe、anonyme、ltd.、inc.、corp.
Names cannot be used: royal, imperial, government, chartered.
2.Certificates of directors and shareholders: one or more persons, natural persons, no nationality restrictions, and must be at least 18 years old;
3.Personal permanent residential address: generally the address shown on the ID card, if it is a passport or an overseas person, please provide the personal permanent residence address of the directors and shareholders, not a mailbox, or an industrial zone address;
4.The registered capital of the company: from 5w US dollars, no capital verification is required;
5.The nature of the company's business: that is, the company's business scope, in principle, there is not much restriction, and it can operate any kind of business under the premise of legality; Special industries such as finance, banking, credit, and insurance are subject to special approval.
In addition, the process of registering a Cayman company is as follows: verify the name, sign the agreement, check the background of the directors and shareholders, sign the final confirmation letter, wait for 35 working days to be completed, and wait for the documents to be expressed.
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Conditions for Cayman company registration.
1. Registered capital requirements: The minimum registered capital is 50,000 US dollars. Additional taxes will be levied on excess of the standard capital. Exempt companies can issue bearer **.
2. Requirements for shareholder directors: at least one, who can serve as a shareholder director at the same time, can be a natural person or legal person, no nationality restrictions, and the information will not be made public for public search.
4. Company name requirements: English expression, Chinese name can be added; It can contain words such as international, group, holding, industrial, etc.
5. Requirements for registered persons: It is not necessary to hire a local secretary, but a Cayman company or individual (with Cayman residency status) must be appointed as a registered person.
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Hello, the process of registering a Cayman company is as follows:
1.Determine the name of the Cayman company;
2.Signed a power of attorney and cooperation agreement with Zhu Bajie Yang Huju;
3.Determine the registration plan and submit the registration information;
4.delivery costs;
5.The foreign huss is submitted to the ** department for relevant procedures;
6.The Cayman company is successfully registered, and a full set of certificate documents will be mailed free of charge.
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There are nuances in the materials, and the overall process and materials are as follows:
1.Verify the name. 2.Basic Information.
3.Personnel information.
4.Multiple certificates in one.
5.Supplemental information.
6.Resolutions and Bylaws.
7.Upload materials.
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Many well-known Chinese companies have registered in the Cayman Islands, Alibaba, Tencent, NetEase, Xiaomi, JD.com, Evergrande, Unicom, Lenovo, Shanda, FutureFree, Giant Network, Qihoo 360, Sina, Huiyuan, Mengniu, Focus Media, etc.
Legal basis: Article 3 of the Company Law of the People's Republic of China A company is an enterprise legal person, with independent legal person property and the right to enjoy legal person property. The company is liable for the debts of the company with all its property.
The shareholders of a limited liability company are liable to the company to the extent of their subscribed capital contributions; The shareholders of the shares are liable to the company to the extent of the shares they subscribe.
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Legal Analysis: Comply with the local policies of the archipelago.
Legal basis: Article 23 of the Company Law of the People's Republic of China: The establishment of a limited liability company shall meet the following conditions:
1) The shareholders meet the quorum;
2) There is a sales tie-up amount subscribed by all shareholders in accordance with the provisions of the company's articles of association;
3) The shareholders jointly formulate the articles of association of the company;
4) Have a company name and establish an organizational structure that meets the requirements of the key friends of the limited liability company;
5) Have a company domicile.
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Legal analysis: From the perspective of listing, the advantages of indirect listing are lower cost, transparent listing procedures, shorter time spent, and the ability to bypass complex domestic approval procedures; From the perspective of enterprises, indirect listing is actually an overseas enterprise, so domestic enterprises do not need to be reorganized into shares, the shares of listed companies can be fully circulated, the enterprise has a strong ability to refinance, the issuance of new shares is not restricted, and the option incentive mechanism can be implemented, which is conducive to the introduction of strategic investors and risks.
Legal basis: Company Law of the People's Republic of China
Article 1 This Law is enacted for the purpose of regulating the organization and behavior of the company, protecting the legitimate rights and interests of the company, shareholders and creditors, maintaining social and economic order, and promoting the development of the socialist market.
Article 2 The term "company" in this Law refers to a limited liability company and a stock company established in China in accordance with this Law.
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Easy to get to market.
This is one of the main reasons why many companies consider domiciling in the Cayman Islands, especially Chinese companies. The threshold for listing in China is very high, and the review time is relatively long, and many technology companies and Internet companies simply do not meet the requirements of the domestic listing threshold. At this time, many companies are considering listing in the United States, because the threshold for listing in the United States is much lower than that in China.
But as a Chinese company, there are many restrictions on wanting to go public in the United States. Because the domestic regulatory authorities have very strict requirements for the direct overseas listing of Chinese enterprises and the use of funds raised by their listings, it is not easy for mainland enterprises to go public overseas.
Therefore, many companies can only choose to go public, that is, to register overseas, and then set up a subsidiary in Hong Kong or other places to control the domestic company. The overseas company obtains control of domestic assets through acquisition, equity exchange, etc., and then lists the overseas company on an overseas exchange, which is essentially the listing of shareholders of the domestic enterprise. After such a wave of operations, Chinese companies can submit overseas listing plans in the name of Cayman Islands companies.
In this way, it is possible to bypass some cumbersome approval procedures of domestic regulatory authorities, thereby improving the efficiency of listing.
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Legal analysis: Alibaba, Tencent, NetEase, Xiaomi, JD.com, Evergrande, Unicom, Lenovo, Shanda, FutureFree, Giant Network, Qihoo 360, Sina, Huiyuan, Mengniu, Focus Media, etc., most of the companies listed in the United States and Hong Kong are registered in the Cayman Islands.
Legal basis: Company Law of the People's Republic of China Article 6 To establish a company, it shall apply to the company registration authority for establishment and registration in accordance with the law. If the establishment conditions stipulated in this Law are met, they shall be registered as a limited liability company or a stock company by the company registration authority; If it does not meet the establishment conditions stipulated in this Law, it shall not be registered as a limited liability company or a share****.
Where laws and administrative regulations stipulate that the establishment of a company must be submitted for approval, the approval formalities shall be completed in accordance with the law before the company is registered. The public may apply to the company registration authority for inquiries into the company's registration matters, and the company registration authority shall provide inquiry services.
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