Offshore registration in the Caymans

The macroeconomic stability of this region directly depends on the dollar exchange rate. Given its growth, the country's economy has significantly reduced inflation rates and minimized currency risks. The peculiarity of the Cayman Islands as a region for registering an offshore company is as follows:

• Full exemption of non-residents of the country from the tax burden.
• Active use of tax incentives and private sector investment. For example, a 20-year tax holiday is being actively introduced for importers of quality furniture, vehicles or natural resources.
• Registering a company in the Caymans is an opportunity to enter the world's largest trading markets in order to increase capital.
• The same legal status of local and foreign companies in the framework of the regulation of the financial activities of the country.
• An extensive banking sector that allows you to open corporate and personal accounts.
• Low level of fiscal control. This is manifested in the absence of audits of financial and tax statements, which are not published by the company, but must be compiled after the expiration of each financial year, while the company is included in the register of companies on the territory of this offshore.

  A company in the Cayman Islands that is registered after 2006 receives tax benefits. They represent the absence of penalties and fiscal fees on the company's income, payment of dividends, receipt of interest and other investment income for a period of 20 years. This approach has recommended this region as a unique offshore zone with developed legislation.

Offshore in the Cayman Islands - a stable tax policy

  Offshore companies are very popular in this region. This is due to:

• The absence of strict requirements for the minimum amount of authorized capital. In practice, you may encounter a situation where local authorities register a company with a laying fund of $10,000. However, this rule is advisory in nature and is due to practicality, and not the obligation of the investor.
• The possibility of carrying out registration actions with the participation of a nominee director and shareholder. This fact contributes to the complete anonymity of the owner of the company.
• The tax system of the Cayman Islands is loyal to the creation of bearer shares. However, there are a number of formal restrictions - their registration takes place in a specialized register maintained by the country's fiscal authorities.
• There is an obligation for companies to keep accounting records for 5 years. However, it can be located in any country in the world and it is enough for the founders to inform the registrar about the place of its location. Audit and independent verification are not carried out, and information from the financial statements is not placed in the media.

Benefits of registering a company in this jurisdiction

  Foreign investors choose the Cayman Islands for many reasons. For some, this is an opportunity to receive tax benefits and preferences for a period of 20 years, for others:

1. Optimal requirements for the management of the company: shareholder and director can be the same person.
2. There are no requirements regarding the size of the authorized capital, as well as the obligation to pay it at the time of submission of documents to the registration authorities.
3. Maintaining documentation in English. The same applies to the main documents of the company: the charter, contracts with counterparties.
4. When registering a company, a businessman has the opportunity to open a personal account in one of the 500 international banks that are registered in the territory of this jurisdiction.
5. There are no fees or taxes associated with the payment of dividends to non-residents of a company based in the Cayman Islands.