The company incorporated in Cayman Islands with the usual authorised is US$ 50,000.
Classes of Shares Permitted. Exempt companies can issue shares at no par value. Non-Resident companies need to put a par value on shares. Bearer shares are not permitted.
In the Cayman Islands only one director is required and the director can be of any nationality. The initial directors details are filed as part of the Memorandum and Articles of the company with the Registrar, subsequent appointments are not on public record.
Only one shareholders is required and shareholders can be of any nationality
In April 2001, the Cayman Islands issued new due diligence guidelines requiring disclosure of information on all officers, members, beneficial owners, and authorised signatories of Cayman Islands companies to service providers.
Companies in the Cayman Islands are not subject to any form of direct taxation in Cayman Islands. An exempt company provides the additional benefit of a tax exemption certificate granted for a period of up to 20 years.
Generally there is no auditing requirements in the Cayman Islands. Only companies who are subject to certain licensing legislation as a result of specific proposed activities are required to conduct an audit.
The Cayman Islands Companies Ordinance does not make any specific reference to a requirement for a company secretary, however, it is usual to have company secretary.
Your Cayman Islands company must have a registered office, which must be a physical address in Cayman Islands. The registered office is where documents may be legally served on the company. You must have a registered agent in the Cayman Islands.
Double Taxation Agreements:
There are no applicable double taxation treaties.