What are the classifications of Cayman companies? Cayman Company Name Choice?

As one of the most popular offshore company registration places in the world, the Cayman Islands has carefully classified the companies under its jurisdiction in order to carry out refined management, and formulated corresponding preferential measures according to the different characteristics of each company to ensure the status of the Cayman Islands offshore financial center.

The main types of Cayman companies are as follows: under the Companies Law of the British Cayman Islands, companies are classified as ordinary resident companies, ordinary non-resident companies and exempted companies.

An ordinary resident company is the main type of commercial entity used to engage in commercial activities in Cayman, which must be controlled by Cayman citizens, and must hold a shareholders' meeting every year and make an annual declaration of the company's shareholder information. At the same time, the register of members of the company must be kept at the company's registered office and made available for public inspection at all times.

While ordinary non-resident companies are not required to be owned by Cayman citizens, they are not allowed to engage in any commercial activities in Cayman territory and are required to meet similar regulatory requirements for resident companies.

Similar to ordinary non-resident companies, exempted companies are not allowed to engage in commercial activities in Cayman unless specifically requested, but the Company Law also grants a number of preferential measures to exempted companies, making them the most widely used offshore company entities.

In addition to the above types of companies, the Cayman Islands' Limited Liability Company Law introduces a concept similar to that of a Delaware Limited Liability Company ("LLC") in the United States. i.e. Cayman Limited Term Company. "LDC" is broadly similar to a Limited Liability Company (LLC) in the United States.

Different from the above-mentioned types of companies, LLC mainly binds the investors of all parties through the "LLC agreement", and the LLC does not have the concept of **, but instead has the equity share held by each investor, and enjoys the relevant rights and obligations of the investor according to the "LLC agreement".

Then there are Cayman overseas companies. means a company registered in a country or territory outside the Cayman Islands but also has a business address or business in the Cayman Islands. If a company intends to hold land in the Cayman Islands, it must be registered as an overseas company (foreign company) under Part 11 of the Cayman Companies Ordinance.

The name and place of incorporation of the foreign company must be clearly stated in all official documents. Moreover, it must clearly show the name and registered name of the foreign company at the place of business. If the foreign company is a limited liability company, it must state this in all official documents.

Dennett also provides overseas corporate services, if you still don't know anything or need our assistance in registration, you can click on the avatar for further consultation.

There are five main types of companies available for registration in the Cayman Islands, domestic companies, non-domestic companies, exempted companies, term companies, and overseas companies.

Overseas companies registered in the Cayman Islands enjoy a high degree of secrecy, and the company's shareholder register is completely not open to the public, so it has attracted many investors to open a Cayman company. So what are the conditions and procedures for registering a Cayman company?Next, I will give you a detailed explanation.

If you are interested in registering a Cayman Islands company, be sure to check out this article.

1. Advantages of registering a Cayman Islands company:

1. Registration is simple, only one shareholder and one director, and the shareholder and the director can be the same person.

2. The registered capital is 50,000 US dollars, and no capital verification is required.

3. If the company's business operation is not local, it does not need to pay taxes locally, and can use Cayman companies to invest in China.

4. Shareholders' information is kept confidential.

5. The name of the company is free to choose.

7. Cayman Islands offshore companies can choose to issue registered or bearer**, and the registered ** and bearer ** can be exchanged with each other.

8. It is used for the construction and reorganization of the company's structure, and is easy to be listed overseas.

2. Requirements for registering a company in the Cayman Islands.

1. The minimum registered authorized capital is 50,000 US dollars.

2. A registered Cayman company must appoint at least 1 director, and the information of the directors must be disclosed to the Companies Registry, but these information will not be made public. 3. A registered Cayman company must appoint at least 1 shareholder, and the information of the shareholder only needs to be filed with the registered person.

4. A letter of introduction from a professional (accountant or lawyer).

5. The person who registers a Cayman company must appoint a Cayman company or an individual.

6. The registered address must be in the Cayman Islands.

Cayman company processing fee: RMB24,500, if you need to add Chinese company name, you need to pay an additional RMB3,200 4,000The examination fee for directors and shareholders is RMB1000 HKD1250 (if the directors and shareholders are ****, the examination fee is RMB1000 HKD1250 according to the final number of shareholders).

Cayman Company Maintenance and Maintenance Fee: The annual maintenance fee after the registration of the Cayman company is RMB20,000, including ** official fee, registered address and ** registration fee. The above charges only cover companies with a registered capital of not more than US$50,000.

It should be noted that in the Cayman Islands to set up a company, generally use the English name, because in recent years more and more Chinese have run to the island to register companies, so now Cayman ** has allowed the registration of Chinese name, but it needs to add a certain fee. That's all for sharing. Hope it helps.

Thanks**.

Key advantages of registering a Cayman company:

1. Cayman Islands companies can be listed in major listing places in the world, such as Hong Kong, Singapore, the United States, etc. This is mainly due to the good basic environment of Cayman, the stricter management of company registration, and the transparency of the company is slightly higher than that of the conventional offshore area, so the registration of a Cayman company is a shortcut to achieve overseas listing.

2. It is convenient for enterprises to carry out transnational operations. Enterprises carrying out cross-border operations are often subject to various restrictions of the home country, especially in developing countries, in this case, the registration of an overseas offshore company has become a shortcut for enterprises to go to the world and carry out transnational business.

3. It is conducive to enterprises to avoid first-class barriers. Enterprises (especially those from developing countries) exporting products to developed countries such as the United States usually need to apply for quotas and a series of related procedures, which require 1 or 2 times more cost. If the enterprise has an overseas offshore company, the enterprise exports products to the offshore company, and then the offshore company exports to the United States and other developed countries, it is possible to circumvent tariff barriers and export quota restrictions.

4. Circumvent foreign exchange control and facilitate enterprises to carry out capital operation. There are no foreign exchange controls in the Caribbean offshore financial centre, and there are no restrictions on the transfer of funds of IBCs registered here, which is very attractive for companies in countries with exchange controls to register a Cayman company.

5. The legal environment is relaxed. Due to the special position of the United States in the world economic system, many of the practices in current international business practices are actually products of the common law system, and the British Virgin Islands, Cayman, Bermuda and other places are partially autonomous British colonies, and their company laws are based on the British Commercial Companies Act, so it is conducive to attracting overseas companies to register.

6. The tax burden is slight and double taxation can be avoided. Caribbean offshore financial centers have very light tax burdens on all types of international business companies and offshore companies, and almost all Caribbean offshore financial centers have signed double taxation treaties with major economic powers. Antigua, for example, provides for a full tax exemption for IBCs for 50 years from the date of incorporation, Bermuda provides for no taxation on income, profits and intra-island distributions, and no income tax, capital gains tax, corporate tax or inheritance tax in the Cayman Islands.

1. It is more suitable for investment or listed companies, because the recognition of Cayman companies is higher than that of BVI, and the success rate of curve listing is high.

2. Cayman can not only avoid taxes, but also be listed in the ** market in the United States, Hong Kong, Singapore, the United Kingdom and other places, which is also the reason why the registration fee of Cayman companies is higher than that of companies in other island countries.

3. Mainstream Internet companies and venture capitalists have chosen Cayman to register and achieve overseas listing.

1. There is no tax on the registration of a Cayman company.

This provision is used by individuals, companies or the trust industry. There is no profit tax, property tax, etc., and the only tax is stamp duty, which is also an important reason why Cayman is one of the most popular offshore company registration places.

2. The legal environment for Cayman companies is relaxed.

To register a company in the Cayman Islands, its company law is based on the English Business Companies Law, and the legal environment is relatively relaxed, so it attracts many overseas companies to come to Cayman to register a company.

3. Strong confidentiality of Cayman company.

The Cayman Islands** provides privacy protection for enterprises, and the information of directors and shareholders of enterprises is absolutely confidential, and is completely not open to the public.

4. A registered Cayman company can reasonably circumvent foreign exchange control.

After registering a Cayman company, an offshore account is opened and the offshore account is used to facilitate and flexibly dispatch foreign exchange funds. Reasonable circumvention of foreign exchange controls can be more conducive to the capital operation of enterprises, and this advantage is extremely attractive compared with countries that implement foreign exchange controls.

5. Cayman companies are free to register names.

Company names are allowed to use the ending form used by companies in more than one country, and there are no restrictions on the scope of the company's business.

6. Springboard for listing and financing.

Registering a company in Cayman can avoid the domestic review process, the time to market is short, the cost is lower, and small and medium-sized enterprises that want to go public for financing can do so by registering a Cayman offshore company.

7. Cayman company registration is convenient and maintenance cost is low.

The client only needs to prepare the relevant materials, and all the subsequent registration procedures will be handled by the onshore port business agent. After the registration of the Cayman company, the company does not need to make accounts and tax returns, nor does it need to convene a general meeting of shareholders, the maintenance cost is low, and the annual review and license fee can be paid to the ** on time every year, and the annual review of the enterprise can also be handled for you through the onshore port.

8. It is convenient for enterprises to cross the operation.

In the past, domestic registered companies would be subject to various restrictions if they wanted to carry out cross-border operations, but the many advantages of registered Cayman companies have created an efficient shortcut for enterprises to go global and carry out cross-border business.

Advantages of registering a Cayman company, benefits of registering a foreign company in the Cayman Islands:

1. There is no tax on companies registered in the Cayman Islands, which is applicable to individuals, companies and the trust industry.

2. Listing: listed and traded in the United States, Hong Kong and Singapore** trading markets;

3. It is convenient for enterprises to carry out transnational operations. Enterprises carrying out cross-border operations are often subject to various restrictions of the home country**, especially in developing countries, in this case, the registration of an overseas foreign company has become a shortcut for enterprises to go to the world and carry out transnational business. If the company type is exempted, the name of the company is not required"limited"(ie.)"Limited") words.

4. Foreign accounts can be set up: bank accounts can be opened in the name of the company (Hong Kong, Singapore, China, etc.), trusts, letters of credit, bills, and letters of credit can be transferred;

5. Circumvent foreign exchange control and facilitate enterprises to carry out capital operation. There are no foreign exchange controls in Caribbean foreign financial centres, and there are no restrictions on the transfer of funds of IBCs registered there, which is very attractive for companies in countries with exchange controls.

6. The legal environment is relaxed. Due to the special position of the United States in the world economic system, many of the practices in current international business practices are actually products of the common law system, and the British Virgin Islands, Cayman, Bermuda and other places are partially autonomous British colonies, and their company laws are based on the British Commercial Companies Act, so it is conducive to attracting overseas companies to register.

7. There are very few information disclosure requirements and relatively strict confidentiality regulations, which is conducive to enterprises maintaining business operation secrets.

8. The tax burden is slight and double taxation can be avoided.

9. The registration procedure is convenient and the maintenance cost is very low. The registration procedure of a foreign company is very simple, and it is completed by a professional registration agency on behalf of the registrant, and the registrant does not need to go to the registration place in person to operate.

10. The company is easy to manage. Foreign companies do not need to convene a general meeting of shareholders and a board of directors every year, and even if they do, they can choose the location at will, with a greater degree of freedom.

The process of setting up a Cayman company is as follows:

1. Apply for company name approval and submit it for approval;

2. Determine the registered address of the company;

3. Submit registration applications and materials: If the whole process is handled online, Zaotou needs to provide: company name, registered address, registered capital, business scope, capital contribution ratio, ID card information of employees and shareholders, personal bank U shield or digital certificate of employees and shareholders.

If the on-site handling method is adopted, it is also necessary to provide the original ID cards of the incumbents and shareholders; If the company has foreign company shares, the original business license and official seal need to be provided;

4. Obtain a business license: After submitting the materials and passing the review, you can receive the business license;

5. Engraving: Receiving the business license does not mean that the company registration process has been completed, and there are still some things to do in the future. Among them, the company's official seal and financial seal must be engraved;

6. Handle relevant tax matters: for example, within 30 days from the date of obtaining the industrial and commercial business license, apply for tax registration, and open Hongyuan to set up bank accounts, apply for tax control equipment and invoices, etc.

Legal basisArticle 5 of the Regulations of the People's Republic of China on the Administration of Registration of Market Entities.

The departments for market regulation are in charge of the registration and management of market entities nationwide.

The local people's market supervision and management departments at or above the county level are in charge of the registration and management of market entities in their respective jurisdictions, and strengthen overall guidance, supervision and management.