Cayman Islands Company Formation

The Cayman Islands is a British Overseas Territory in the Caribbean Sea and one of the centres most favoured by international funds and financial institutions.

The structure used for companies doing business outside the islands is the Exempted Company. A Cayman company qualifies as an owner for registering a yacht under the Cayman Islands (Red Ensign) flag.

General Information

• Location: Caribbean Sea — capital George Town
• Status: British Overseas Territory
• Company type: Exempted Company
• Legal system: based on English common law
• Official language: English
• Currency: Cayman Islands Dollar

Key Features

• There is no income, corporate or capital gains tax in the Cayman Islands, and companies can obtain a long-term undertaking against future taxes.
• A single shareholder and a single director are enough, with no requirement for Cayman-resident shareholders or directors.
• A Cayman company makes it possible to register the yacht under the Cayman Islands flag.
• Its English-law foundation and established financial infrastructure make it well known to international lenders.

Who Is It For?

• Owners who want to register their yacht under the Cayman Islands flag.
• Owners of large yachts looking for a company in a respected financial centre.
• Owners who want English-law protection and buy their yacht with financing.