Why form an offshore company in Cayman Islands?

Cayman Islands are one of the best places in the world to do business as they don’t charge a corporate tax, income tax, taxes on interests or dividends earned through investments on the money generated outside its country. That is why it is one of the well known tax havens in the world. The offshore corporations have to pay an annual licensing fee to the government directly which is in turn based upon the authorized share capital it has.

Form an Offshore Company in Cayman Islands

Benefits of Forming an Offshore Company in Cayman’s Island

  1. You don’t need a local person.
  2. Only one shareholder and one director is required
  3. Zero income tax, zero corporation tax, zero capital gains tax, zero property related tax.
  4. Business can be run from anywhere in the world.
  5. Zero initial capital required to form a company
  6. Zero annual return filing fee
  7. No need to submit accounts or annual return
  8. No Double Taxation Treaty access
  9. All documents are in the official language of English