The Benefits of registering a company in the Cayman islands

The stable economy and political climate make the best place to do a Company Formation in the Cayman Islands. The government here is very welcoming and business-friendly; the business owners and entrepreneurs can rely on a reliable legal system.

In the Cayman Islands company registry is an extremely feasible process. Here are some great benefits of incorporating a business: 1. Minimum reporting and auditing obligations

One of the best aspects of registering a company in Cayman is the ease of managing a company. There are no complicated and laborious accounting or auditing regulations or procedures to follow.

2. Tax-free

Enjoy in the land of zero taxation-

No direct tax, corporate tax, property or withholding tax, and no capital gains. The government promises zero tax rates for no less than 30 years from the time the company is incorporated.

3. Minimal shareholder and director requirements

You will need only one shareholder and director (can be the same person) to set the company in the Cayman Islands. The person doesn't need to be a citizen or native to Cayman, and you can run the company from any part of the world.

4. No minimum capital

It means that this is an excellent jurisdiction for start-ups as there is no large sum of money you need to invest in getting started.

5. Quick incorporation time

Once you have all the paperwork done with due diligence, you can start your company in one day itself.