in the Cayman Islands
The Cayman Islands company is well regarded as a high quality product. The jurisdiction has long maintained a policy of quality over quantity in its companies regime, with a strong emphasis on reputable parties and a high level of professionals in place to service the companies.
One of the unique and positive regulatory features of the Cayman Islands companies regime, which is not seen in most OECD-based financial centres, is the regulation of entitities that incorporate or provide various corporate services to Cayman Islands Companies.
All corporate service providers are required to be licensed under the Companies Management Law (2003) and are regulated by the Cayman Islands Monetary Authority. These service providers offer a range of services including providing directorships, nominee shareholders and registered office services to providing full company management services. The Cayman Islands company can be used for a variety of purposes including structured financing, trading, shipping and others. Companies are incorporated under the Companies Law and there are five types of companies which may be registered.