Cayman Law Group Services
Cayman Law Group can offer independent and highly experienced director services, including attendance at regular board meetings, review, approval and execution of various corporate documentation on behalf of the company such as board resolutions and key corporate contracts, ongoing interaction review, maintenance and updating of companies’ corporate records as required, and 24-hour access to company management if necessary. We provide an unwavering commitment to good corporate governance with every directorship we hold, and honour the fiduciary responsibilities we owe to these companies.
With an emphasis on delivering a tailor-made product to each one of our unique clients, Cayman Law Group Ltd is able to tap into its many years of experience to provide offshore incorporation and registration related services in a fast, seamless and cost-effective manner without compromising on quality standards. Our in-house team will work in concert with you to explore and consistently deliver practical and out of the box solutions across multiple jurisdictions.
Cayman Law Group provides a wide range of company management type services at highly competitive rates. We help take care of all continuing statutory obligations of Cayman Islands companies and ongoing maintenance of corporate records.
Cayman Law Group can offer independent and highly experienced director services, including attendance at regular board meetings, review, approval and execution of various corporate documentation on behalf of the company such as board resolutions and key corporate contracts, ongoing interaction review, maintenance and updating of companies’ corporate records as required and 24 hour access to company management if necessary. A key to every directorship we provide is an unwavering commitment to providing good corporate governance and honouring the fiduciary responsibilities we owe to every company we provide these services to
Cayman Law Group Ltd endeavours to forge and maintain strong relationships with our clients after the establishment of the Cayman entity by readily providing the necessary infrastructure and enabling environment required for the proper maintenance, and compliance of the Cayman entity. With a wide scope of services such as a proxy agents, coordination of meetings and filing of statutory returns, we will work alongside you to consistently ensure that all your offshore needs are met.
Cayman Law Group can provide step by step assistance and advice on how to do business in the Cayman Islands, including providing advice on local licensing, corporate structuring, immigration, opening bank accounts and all other local regulatory matters related to establishing a physical presence and operating a business in Cayman.
Cayman Law Group can provide advice and assistance with all aspects of vessel registration in the Cayman Islands, including advice on the appropriate vessel ownership structure
Our experienced team will be on hand to cater for all aspects of your aircraft registration and maintenance requirements in a commercially focused and responsive manner. Our thorough knowledge of the Cayman Islands aircraft licence regime enables us to provide you with a one stop shop client experience.
TYPES OF CAYMAN ISLANDS COMPANIES
These are, for the most part, companies carrying on business within the Cayman Islands. Resident companies must maintain at their registered office, open for public inspection, a register of their past and present members. They must also report annually to the Registrar, giving the names and addresses of members, directors and the amounts of paid-up capital. This type of company is also allowed to hold land as defined under the Companies Law.
These companies are sometimes used as alternative to the exempted company and must maintain a register of past and future members at their registered office. A non-resident company may deal in shares of exempted companies, foreign corporations and partnerships, but may only carry on other business in the Cayman Islands as is necessary for the furtherance of its foreign business.
These companies are formed where the intended activities of the company are to be carried out mainly outside of the Cayman Islands. An exempted company is not required to keep a register of members open for public nor is it required to hold an annual general meeting in the islands (which resident and non-resident companies must). An exempted company may offer shares to the public in Cayman if listed on the Cayman Islands Stock Exchange (CSX) and is not required to include the work “Limited” or the abbreviation “Ltd” after its name.
A special economic zone company is a type of exempted company that is authorised to carry on business in a special economic zone in Cayman Enterprise City in the Islands. The name of the company must include “special economic zone company” or “SEZC”.
The limited liability law introduces a new hybrid entity, modelled on financial and legal principles of a Delaware company and a Cayman company that combines attributes of a company and a limited liability partnership. LLCs formed under the new law are expected to be popular as a vehicle for investment fund and private equity structures, as well as corporate transactions including: joint ventures, special purpose vehicles and holding companies, wherein the LLC can be used in structures tailored to suit the particular transaction.
This is a form of exempted company which continues until the terminal time or event specified in its Memorandum of Association, but its duration must not exceed 30 years and it must have at least two members. Once the duration has expired, it is deemed to have automatically commenced voluntary winding up and dissolution. It may, however, be wound up earlier voluntarily if the members pass a special resolution to that effect. The name of the company must end with “Limited Duration Company” or “LDC”. The Articles of Association of an LDC may provide that the management of the company is vested in the members who are then to be considered as the directors of the company. However, those members can delegate management to a board of directors. The Articles of Association of an LDC may provide that the transfer of any share of a member requires the unanimous resolution of all other members.
The Segregated Portfolio Company (SPC) is another form of exempted company. This type of company is required to include in its name either “Segregated Portfolio Company” or “SPC”. An SPC allows for the segregation of the assets and liabilities of individual portfolios which can also be referred to as “cells”. It is important to note though, that each portfolio, however, is not seen as separate legal entity.
A foreign company is a company incorporated outside the Cayman Island but must be registered in Cayman to enable non-Cayman Islands companies to hold land or carry on business in the Cayman Islands, or to act as the general partner of a Cayman Islands Exempted Limited Partnership.
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