CAYMAN ISLANDS 米兰官方网站 In米兰官方网站rporation / Formation - Offshore 米兰官方网站 - Tax Heaven

Cayman Islands (“CAY”) is a leading offshore financial centre, with a well-established system that Cayman companies are allowed to be listed on major stock exchanges around the world including HKEx, LSE, NYSE, NASDAQ, and SGX etc.

Standard requirement for “CAY” Limited 米兰官方网站

Proposed 米兰官方网站 name	English, may add Chinese name
Standard authorised share capital	US$50,000 at US$1 each
Minimum share capital	US$ 1
Minimum shareholder	1 Natural person or legal entity
Minimum director	1 Natural person or legal entity
米兰官方网站 Secretary	Not compulsory

Economic Substance Requirement

The International Tax Cooperation (Economic Substance Law) 2018, has been effective since 1 January 2019. CAY entities in-scope of the law should be able to demonstrate their basis for classification, location of tax residency, as well as to keep any relevant documentation in the event that authorities request such information in the future.

A relevant activity means business of the following:

1. Banking;

2. Distribution and service centre;

3. Financing and leasing;

4. Fund management;

5. Headquarters;

6. Holding 米兰官方网站;

7. Insurance;

8. Intellectual property (IP); or

9. Shipping;

To understand more about the rules and check whether your 米兰官方网站 is “in-scope” or not, please contact our specialist for further consultation.

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