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Cayman Company Registration(TANNET GROUP)

Cayman Company Registration(TANNET GROUP)

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Cayman Company Registrationis also called Cayman company setup, Cayman business setup , Cayman corporate formation , Cayman company incorporation, Cayman business establishment and Cayman business registration.

Cayman is located in the western Caribbean Sea, comprising the islands of Grand Cayman, Cayman Brac, and Little Cayman. It’s an overseas territory of the United Kingdom. The capital and major city of Cayman is George Town, which is located on the south west coast of Grand Cayman. Cayman Islands have different types of companies where you can register your company. When you register, you will need to choose what type of company you’re in, and each type has their designated fees which you will pay annually. It is a global offshore financial services centre. And Cayman corporate formation is a tax-efficient corporate solution for international entrepreneurs.

Types of Cayman Company Registration
Presently, there are four basic types of companies available in Cayman company registration:

1. Resident/Ordinary Companies
Resident/Ordinary Companies are companies with capital less than $42,000; pays for fee of $150 upon registration. If their capital is more than $42,000, their registration fee is $350.

2. Non-Resident Companies
Non-Resident Companies are companies without permanent location and has capital less than $42,000; upon filing a Memorandum and Articles of Association, and its Annual Return of January, the registration fee is $400. If the capital is more than $42,000 then the registration fee is $565.

3. Exempted Companies
Exempted Companies are companies where the activities are held outside the 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. 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.

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