Cayman Islands Business Relocation
The advantages of registering a company makes the Cayman Islands a very attractive place to do business and include:
- Ease and speed of incorporation
- Well-developed Companies Law based on English law but with greater flexibility and less red-tape than under the equivalent UK legislation
- No taxation in the Cayman Islands on income or gains and indeed no direct taxation at all
- No exchange controls
- Sophisticated professional infrastructure including world-renowned banks, trust companies, law firms, accountancy firms, company management firms and IT service providers
- Stable political regime due to democratically elected local government and status as a British Overseas Territory
Unsurprisingly, however, establishing a business in the Cayman Islands can be incredibly complex, which is why our clients rely upon the expertise of our lawyers to help them navigate the process.
The requirements for each business are different and we have a wealth of experience in advising our clients on an array of laws and regulations that address, inter alia: Trade and Business Licences, Local Companies (Control) Licences, Business Staffing Plans and variances thereto, Work Permits, Residency Certificates for those in senior management capacities, Labour, Pensions, Economic Substance and Beneficial Ownership.
We work with businesses of all sizes, including large corporations moving to Cayman and setting up bricks and mortar operations. Whatever your requirements, we have the expertise to help ease the process.
To view our detailed guide covering all relocation services offered by Bedell Cristin in the Cayman Islands click here.
To view our article on how to incorporate, licence and register a business in the Cayman Islands click here.
Trade & Business Licensing
In order to conduct business in the Cayman Islands, an entity not licenced or regulated under any other Cayman Islands law requires a trade and business licence.
Every businesses’ application, licensing and registration requirements are different and there are a number of intricacies spanning an array of different laws. Our local licensing team can advise you on the specific approvals and supporting documents that are required for your circumstances and will help to make this complex process straightforward.
All employers carrying on business in the Cayman Islands must hold work permits in respect of all their expatriate employees who work in the islands. Work permits are issued, where appropriate, by the relevant Boards of the Cayman Islands Department of Immigration. Our team is fully versed in the process of applying for a work permit and can advise you accordingly.
We offer expert advice in BVI, Cayman Islands, Guernsey and Jersey law, from our conveniently located offices across Europe, the Americas and Asian time zones in order to handle the most challenging and complex cross-border deals, disputes and investigations.