The Cayman Islands are a group of islands in the Caribbean Sea located approximately 480 miles south of Miami, Florida. The country has an area of 260 square kilometers and a population of around 56,000. The Cayman Islands are a self-governing British Overseas Territory. Its legal system is based on English common law and is complemented by local laws. English is the official language.
The Cayman Islands boasts a prosperous economy, supported by tourism and financial industries. More than 500 banks and trust companies are located in the Cayman Islands.
Cayman Islands Companies
|Company type||Exempted company|
|Share Capital||USD 50,000|
|Shareholders||At least one shareholder|
|Incorporation time||Around 4 to 5 weeks|
|Company secretary||Appointing company secretary is recommended|
|Annual Return||Required to file annual return|
|Annual General Meeting (AGM)||Required to hold an AGM|
|Retention of books and records||Must be maintained and available if required|