Incorporating a company in the Cayman Islands involves navigating its well-established offshore financial services sector.
1. Choose Company Type: Decide on the type of company you want to incorporate. Common options include:
- Exempted Company
- Limited Liability Company (LLC)
- Segregated Portfolio Company (SPC)
- Limited Duration Company (LDC)
2. Company Name Reservation: Choose a unique name for your company and ensure it complies with Cayman Islands' naming regulations. The name should not be identical to any existing business entities and should not infringe on trademarks.
3. Registered Office Address: Have a registered office address in the Cayman Islands where official correspondence will be sent. This address must be a physical location and cannot be a P.O. Box.
4. Appointment of Directors and Shareholders: Appoint directors and shareholders for the company. The number of directors and shareholders required may vary depending on the type of company chosen.
5. Capital Structure: Determine the company's share capital structure, including the number of authorized shares and their value.
6. Prepare Incorporation Documents: Prepare the necessary incorporation documents, including:
- Memorandum of Association
- Articles of Association
- Director and shareholder consent forms
7. Submit Documents to Registrar: Submit the incorporation documents to the Cayman Islands Registrar of Companies for approval. You may need to engage the services of a local registered agent to assist with this process.
8. Payment of Fees: Pay the necessary incorporation fees to the Registrar of Companies.
9. Wait for Approval: Once the application is submitted, wait for approval from the Registrar of Companies. This typically takes a few days to a few weeks.
10. Post-Incorporation Compliance: After incorporation, fulfill any post-incorporation compliance requirements, such as obtaining a company seal, opening a corporate bank account, and obtaining necessary business licenses.
11. Ongoing Compliance: Maintain ongoing compliance with Cayman Islands' laws and regulations, including filing annual returns, holding annual general meetings, and fulfilling tax obligations.
Contact DLBC Business Consultancy Pte. Ltd. for assistance and arrangements.
