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Here are the Top 10 advantages of setting up a business in the Cayman Islands, where a business-friendly government asks for no taxes, requires minimal reporting and offers a high degree of investor privacy and safety.
A Global Presence
An investor does not have to live in the Cayman Islands in order to own and run a Cayman-registered business. This means that, in practice, the business can be run from anywhere in the world with a modern electronic communications infrastructure.
Local Tax Efficiency
The Cayman Islands is famous for its ‘tax neutral’ approach to generating revenue. Licence fees, stamp and import duties are the methods used to fund the islands’ administration, not direct taxes — either personal or business. Incorporating a Cayman Islands Exempted Company means no corporation tax, no income tax, no property tax, no capital gains tax, no withholding tax and no inheritance tax.
International Tax Efficiency
When structured correctly, company formation in the Cayman Islands offers the opportunity to legally maximise global income without exposure to international taxation, giving foreign investors 100% ownership of an offshore investment that attracts zero tax liabilities. Many so-called tax havens have a bad reputation and can be blacklisted internationally, but by following international tax regulations, the Cayman Islands has successfully avoided the EU and the OECD tax haven blacklists.
Access to Financing
The Cayman Islands has no legal prohibition on financial assistance given by a company for the purchase of its own shares or the shares of its holding companies. In many jurisdictions, such assistance is prohibited or restricted by law.
Staffed by experienced professionals, Hermes Corporate is a leading Cayman Islands offshore company.
005 Supreme Benefits of Exempted Company Formation in the Cayman Islands
00Incorporating Your Start-Up in the Cayman Islands?
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Published on July 07, 2021
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