The offshore companies on the Cayman Islands also are allowed to issue bearer shares and to use nominal shareholders. It allows assets which remain in company possession on Caymans to remain private. Nominal shareholders especially help to hide on Caymans of the true owner of assets of the company. Professionals seldom recommend bearer shares because of risks of plunder and problematical character of opening of offshore bank accounts for the companies with bearer shares).

To open offshore international business the company on the Cayman Islands is more expensive, than in some other approximately equivalent offshore jurisdictions, such, as Saint Kitts and Nevis, Costa Ric, Mauritius.

Only only one minimum registration tax and annual tax to support the offshore on Caymans in an active condition, costs 732 US dollars a year, but it will be smallest of your expenses. On the Cayman Islands it is necessary to pay for registration of the international business company from 3000 to 5000 US dollars whereas the offshore company to Saint Kitts and Nevis can be registered for 1000 euros and to support for 700 euros.

The offshore companies on the Cayman Islands

You can find offers in the Internet with discounts and offers to register for you the offshore companies on the Cayman Islands at almost par value.

But it not to mean that you receive such offshore company which is necessary to you. It is always very important to talk and with tax experts in your native land to be convinced that your ideas about use of this or that offshore company are true and lawful. And at the offshore consultant you can always gather a set of ideas and decisions, and also to learn about schemes of use of the offshore suitable for your case.

Especially in a case with the offshore on the Cayman Islands always it is necessary to learn about quotations on company support, and also about quotations on additional services. For example, for opening of the offshore bank account on the same Cayman Islands (read, for the help in account opening) from you, most likely, will take not less than 1000 US dollars and won't prompt that it is better for the offshore which is registered on the Cayman Islands, to open the account in Switzerland, Hong Kong or Singapore – from the point of view of protection of assets and the offshore theory of five flags

Eternal Tourist. Practical approach to the theory about five flags.

Even on the Isle of Man there are firms which will help with the nominal director and the secretary (that the name of the client didn't appear on corporate documents) for 1000 pounds sterling.

On the Cayman Islands it is obligatory that at each offshore company I was registered here, on the Cayman Islands, office. Service – the legal address on Caymans – costs 1000 more US dollars. Secretarial services and mail redirection from the Cayman Islands will cost 1000 more US dollars a year. Legal advice on Caymans, and also consultation of the tax specialist on the Cayman Islands will cost you 500 more US dollars in hour.

Communication of the offshore on the Cayman Islands with Asia

The offshore companies which are registered on the Cayman Islands, are especially popular among those businessmen from the developed countries which seek to trade in China. The offshore registered on the Cayman Islands, is useful at trade in China both for tax planning and for suitable strategy of an exit.

The Cayman Islands are one of the few offshore jurisdictions which companies can be quoted at Stock Exchange of Hong Kong.

Confidentiality on the Cayman Islands

The Cayman Islands always were famous for the confidentiality. At present, the Cayman Islands cooperate with the USA in the sphere of tracking of financial criminals. In December, 2010, the Cayman Islands signed the contract on the double taxation with Great Britain.

At the time of article writing, except one contract on the double taxation with Great Britain, the Cayman Islands signed also 25 contracts on an exchange of tax information. To learn these contracts are signed with what countries, and also to study texts of these contracts and independently to watch new contracts which the Cayman Islands will sign in the future, I suggest to watch official information independently, by means of this link.

How to receive the PERMANENT RESIDENCE on the Cayman Islands?

Thanks to that the Cayman Islands are the tax harbor, some wealthy people who want to move to the USA and to become there the resident and the citizen, at first stop on the Cayman Islands to transfer the assets to the offshore companies and trusts before becoming the resident of the USA and to become obliged to pay taxes on the income around the world and taxes on a capital gain.

To arrive on the Cayman Islands, the visa isn't necessary to Americans, British, Canadians and citizens of the most part of EU countries.

If you want to live on the Cayman Islands, that, you need to submit the application to the chief officer on immigration on the Cayman Islands to get initial, six monthly permission to accommodation. After you will live on the Cayman Islands the first six months, you can submit an application for receiving the PERMANENT RESIDENCE.

As well as in the majority tax harbors on the Caribbean islands, on the Cayman Islands you also will need to prove that you won't become "a weak link" economy of the Cayman Islands and that you can financially provide yourselves.

It means that at you rather big income to contain and the family has to a life. Besides, you will have to invest at least 180 000 US dollars in local real estate or business. Also there is common single payment for receiving the PERMANENT RESIDENCE on the Cayman Islands which is equivalent about 11 000 pounds sterling.

The PERMANENT RESIDENCE grants to you the right to accommodation on the Cayman Islands, but doesn't grant to you the right here to work. This PERMANENT RESIDENCE can be compared to permission to continuous passive residence in Andorra.

Quality of life on the Cayman Islands

I simply have no words to describe fine beaches of the Cayman Islands. If you move on Caymans, you will be able to enjoy the highest quality of life. Frankly speaking, inhabitants of the Cayman Islands enjoy the highest quality standards of life on the Caribbean islands.

Life cost on the Cayman Islands is about 20% more expensive, than on the average across the USA, but it is less, than on the Bermudas. As well as everywhere, the cost of your life needs to be counted proceeding from style of your life. It is natural that if you worked at the Cayman Islands, would receive for the same work, higher salary, than, for example, on the British Virgin Islands.

The Cayman Islands are famous for the highest level of safety. Here certainly there are pocket pilferers, but you hardly will face a serious crime.

In the market of real estate of the Cayman Islands in recent years there was a recession therefore, upon real estate purchase on the Cayman Islands in 2012 you are waited by pleasant surprises and good bargains.

The house with four bedrooms on a beach and yes! ! ! on the Cayman Islands costs 550000 US dollars. I even saw offers on houses on a beach with four bedrooms for 290 000 US dollars that to the Cayman Islands very much isn't expensive.

Some, best samples of real estate on the Cayman Islands and now stand from 2-6 million US dollars, but it isn't forbidden to bargain. You will be able to find many offers on real estate purchase on the Cayman Islands.

Besides, it is possible to look still at the independent review on real estate on the Cayman Islands on a site and to download the last release of the review of real estate on the Cayman Islands.

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