Malaysia Hotline: +603- 2141 8908
The
Cayman Islands gained this status by marketing itself as a luxury tourist
destination, which allowed them to charge higher rates, and sell high-end
products to visitors who were willing to spend more for special treatment and
pampering. In 2003, the islands welcomed over 2.1 million tourists, with half
of these guests arriving from the United States alone.
The
financial sector is the second largest industry in the Cayman Islands. The lack
of taxation from Great Britain allowed the Cayman Islands to establish itself
as one of the top financial centers in the world, and 40 of the world’s largest
banks make their homes in the country. At one point, more than 80,000
international companies were registered in the Cayman Islands. Currently, there
are four basic types of companies available in Cayman company registration:
1. Resident/Ordinary
Companies
Resident/Ordinary
Companies are companies with capital less than $42,000; pays for fee of $150
upon registration. If their capital is more than $42,000, their registration
fee is $350.
2.
Non-Resident Companies
Non-Resident
Companies are companies without permanent location and has capital less than
$42,000; upon filing a Memorandum and Articles of Association, and its Annual
Return of January, the registration fee is $400. If the capital is more than
$42,000 then the registration fee is $565.
3.
Exempted Companies
Exempted
Companies are companies where the activities are held outside the Islands. Most
people use these offshore locations for exempt companies for a business which
would be barred from carrying out business in Cayman, other than in the
requirements for doing offshore businesses. It is also possible that Trust
companies, Insurance and Banks can end up being registered as an exempt
company, once the required license is done.
4.
Segregated Companies
Segregated
Companies are the type of companies for insurance enterprises. The annual fee is the normal exempt
registration fee plus $2,000 and an additional fee of $1,000 for each
segregated portfolio.
Contact
us
If
you have further queries, please contact Tannet
24
hours Malaysia hotline：603-21418908;
24
hours Hong Kong hotline：852-27837818;
24
hours Hong Kong hotline：86-755-
36990589;
Email:
mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my