We go into full detail on the formation of a company in the Cayman Islands, however we wanted to be the first to let you know that despite all the information you will need a law firm to provide you with the necessary documentation and services to make your offshore company a reality. This includes registered offices, certificate of incorporation, Articles of Association, Memorandum of Association and all other documentation needed by exempt companies or Offshore companies.

The first thing you need to do is to access a Company Name Search. We provide a service that allows you to access a company name search for five different names. Once we have located free names out of the five we route trained lawyers on Offshore Company formation in the Cayman Islands to give you a free consultation direct call to begin the process.

These are legal teams that are registered in the Cayman Islands, that conduct this service daily. And as there are no middle men you will access the lowest fee possible along with direct benefits and complete anonymity. You can access this service for just USD$97.00. This covers the cost of the company name search and the direct consultation from the Cayman law firm that will be critical in your offshore company formation.

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Presently, there seems to be several kinds of companies which can be registered within the Cayman Islands. So, if you are thinking about establishing an offshore Cayman company, then you could consider a resident, exempted, non-resident, foreign or limited duration company. These companies can be integrated with the members legal responsibility restricted by shares, which are guaranteed as non-profit organizations and unlimited companies.

This article will give you some guidelines on how to establish an exempted company in the Caymans.
The exempted company is an entity in which the suggested activity of the company would be maintained primarily outside the Cayman 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.

Some benefits:
These companies will definitely not need to maintain a register for its members and it would not be necessary for them to file returns with the Registrar of Companies each year.
An exempt company can modify its Articles and Memorandum of Association without limitations.
This company can offer shares with no par value or nominal.

Registration
The registration for an exempt company can be arranged in one day, but it may take one or two days to co-state the documents.

Declarations or Alterations
Just about all the declarations of this company, which would include the modification of the name or the alterations of their Articles or Memorandum of Association, should be submitted to the Registrar of Companies in fifteen days. In addition, a declaration modifying the company’s directors and representatives or the altering of the registered business office should always be submitted to the Registrar within thirty days. Besides, these companies are required to keep a general meeting each year at least once in the Cayman Islands, as well as file annual returns.

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.

An exempt company would be expected to sustain a register for its offices, directors, mortgages and even charges displayed in the registered business office. In addition, this company would need to register its members inside or outside of the Cayman Islands. Additionally, an exempt company can also acquire a seal for the company and keep it at the registered company's office.

But, a duplicate of the seal could also be sanctioned by the company and kept in an area which is authorized by the company directors. On the other hand, this company will not be expected to acquire a seal according to the laws regarding documents in the Cayman Islands.

Finally, the exempt company would be demanded to submit returns annually and also pay the required fees each year in order to sustain a good relationship with the authorities. Furthermore, the typical fees that any offshore Cayman Company would be requirement to be in order to get registered would still apply to this exempt company.

Generally, there are absolutely no taxes to be paid by the exempt company and they might even make an application to the Government Executive Council which is responsible for taxation. In the event that this is obtained the assurances to the company being exempt from taxations could be for a time of about 20 years from the issued date. 

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