Procedures for registering an overseas company in the Cayman Islands

To apply for the incorporation of an overseas company in the Cayman Islands, the following documents must be submitted:

1) A copy of the memorandum and articles of association notarized by the place of incorporation of the applicant company** or by a notary public. If the company's memorandum and articles of association are not written in English or English, a certified translation is required.

2) The list of directors certified by the company's key management personnel through the company's application. The list of directors should include the name, address and occupation of the director.

3) One or more Cayman Islands residents acting as authorized representatives. The name and address of the representative must be provided.

If there are any changes to the above documents, the overseas company must notify the Companies Registry within 21 days.

1. More than one shareholder aged 1 8 years old (mainland citizens or overseas persons with passports or ID cards); Have a registered address and a legal secret.

2. Shareholders and directors of overseas companies: shareholders are investors in joint-stock companies, directors are members of the board of directors elected by shareholders, and the chairman of the board of directors is the person in charge of the board of directors. Before registering an overseas company, the shareholders, directors, chairman of the board of directors and the shares among them must be determined.

3. Legal secretary of overseas company: **It is stipulated that there must be one legal secretary overseas, and the legal secretary shall be an overseas local natural person.

4. Business scope of overseas companies: In principle, there is not much restriction on the business scope of overseas companies. Regardless of the name of the company, as long as it is legally prohibited, it can carry on any type of business, such as:

Finance, shipping, import and export, real estate, construction, decoration, information network, clothing and textiles, tourism, cultural publishing, etc.; Some companies that are more difficult to register in China can get a note overseas.

5. Overseas company name selection: Overseas companies are more free to name, regardless of the size of the registered capital, overseas company names are allowed to contain international, group, holding, industrial, investment, colleges, associations, associations, research institutes and other words

Legal analysis: A large number of well-known Chinese enterprises choose to register in the Cayman Islands, mainly including the following categories: first, Internet innovative enterprises, such as Tencent, Alibaba, Dangdang, etc., as of the beginning of 2014, China's Internet companies have been listed in the United States has reached 42, with a total market value of more than one trillion yuan; the second is the new ** and education industry, such as Sina, Phoenix, Renren, Focus Media, New Oriental, etc.; the third is real estate companies, such as Evergrande Real Estate, Country Garden, Shimao Real Estate, etc.; fourth, food enterprises, such as Mengniu, Huiyuan, Little Sheep Group, etc.; Fifth, sports brands, such as Li Ning, Anta, etc.

According to statistics, in the past 20 years, 44 of the 50 largest family enterprises listed in Hong Kong by the mainland are registered in the Cayman Islands.

Legal basis: Article 7 of the Company Law of the People's Republic of China A company established in accordance with the law shall be issued a business license by the company registration authority. The date of issuance of the company's business license is the date of incorporation of the company.

Cayman company registration process.

1. Prepare all the documents required for registration, including:

Valid ID cards of directors and shareholders, documents of Bi Zhiming, original Chinese and English comparisons, copies of passports, residential address, and details of the company's equity distribution.

Company name: Chinese name can be added.

Registered capital: usually 50,000 US dollars.

2. Verify the identity documents of the directors and shareholders.

The original of the identification documents of the directors and shareholders should be in English and Chinese, and a letter of introduction issued by a professional (such as a lawyer or accountant) or a bank (one letter of introduction is required for each director), and the identification documents need to be notarized and form a notarial deed. Submitted copies of passports also need to be certified by professionals such as lawyers and accountants.

3. Whether the company name search is the same.

Before the Cayman company is injected, it needs to submit the name of the company to be registered for search and confirm that it has not been the same as other companies before it can be used for the new company. However, in order to prevent duplicate names, 2 3 more company names should be prepared for backup.

4. Submit an application for registration.

After the basic information is confirmed, you can apply for registration with the relevant ** department. After the application is accepted, the Cayman** department will conduct a review, and the certificate will be issued after the review is passed.

5. Prepare the company's document box and send it to the customer.

Promoter Resolution, Resolution of the First Director, Resolution of the Company's Sole Director, Equity Certificate and Equity Transfer, Original Certificate of Registration of the Company, Original and Copy of the Articles of Association of the Company, Register of Members, Directors, Employees and Shares, Seal and Seal of the Company, Cayman Company Documents, Registration Schedule.

Cayman Company Registration:

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.

However, as a Chinese company, there are many restrictions on wanting to list 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 from their listings, it is not easy for mainland enterprises to list 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.

1.Easy to get to market.

2.The cost is low and the threshold is low.

3.Legal tax avoidance and tax reduction.