Cayman Island exempted company

 

All companies are required to submit Economic Substance Notification annually.  For companies that carries on relevant activities, they are required to also submit Economic Substance Return within 12 months from the end of the financial year.

Information requirement for incorporation (but not limited to, subject to our Compliance Department):

 

  Documents required

1

“CPQ Form”
”CPQ (2021 new version)公司申請表” 由中介公司或客人簽署

2

Professional reference Letter – each director/shareholder/beneficial owner is required to submit one (1) reference letter which can be issued by a professional (e.g. lawyer, accountant etc.) or banker, who has maintained a business relationship with the client for at least 3 years. 
每位董事／股東／最終受益人需要提供1份專業人士推薦信，可由一位已與客人在業務上有超過三年往來的專業人士 (例如：律師、會計師或銀行) 簽發

3

Each director/shareholder/beneficial owner needs to complete either “Applicant Information Form”.
“Applicant Information Form_中文解釋” -每位董事／股東／最終受益人，每人一張

4

“Notice of Location of Records (Cayman)”
“Notice of Location of Records (Cayman)”- 各地文件存放地，董事簽

5

“Declaration of Source of Fund” – each beneficial owner is required to submit one
“Declaration of Source of Funds資金來源”-資金來源申報，每位最終受益人一張

6

Certified copy of the passports (duly certified on both the signature and photo pages) or identification card of all directors/shareholders/beneficial owners.
“Sample certification of passport or ID card_開曼認證格式”
每位董事／股東／最終受益人的護照／身分證副本及住址證明(由公證人／律師／會計師認證副本)

7

Certified copy of residential address proof (e.g. personal bank statement, utilities bills etc.) in English issued within the past 3 months of all directors/shareholders/beneficial owners.
“地址證明，核證版”- 例: 水/ 電/ 電話 費單，最近3個月發出的

8

Documents required for corporate Director and/or Shareholder: Certificate of Incorporation, M&A, Register of Members & Register of Directors of the corporate directors/shareholders duly certified by a CPA/lawyer/Notary Public
如有法人董事／股東，請提供以下文件 (按情況已定，我司審查部可能要求客人提供額外的文件)：
 1. 公司登記證明 - 註冊證書、章程等等
 2. 董事名冊
 3. 股東名冊

 

All non-English documents must be accompanied by a certified English translation and the entire document must be clearly legible (both words and pictures). 所有非英語文件必須附有經過認證的英語翻譯，並且整個文件必須清晰易讀（文字和圖片）。

Once all the application for incorporation is approved by the registry, the Certificate of Incorporation, M&A and other company documents can be released in approximately 20 to 30 working days. You might choose to pay an additional fee of US$1,050 for express service with the Certificate of Incorporation as well as the M&A can be released by the registry approximately 2-5 working days upon incorporation.

一般情況下，註冊證書、公司章程副本可在所有文件呈交開曼群島公司註冊處並獲批成立後20-30個工作天左右收到；客人亦可選用“特快服務”：公司成立的申請獲批後2-5天後會收到註冊證書和公司章程，此項特快服務的費用是US$1,050 。

 

CAYMAN ISLANDS update for Penalties for Non-Compliance 2023

The key enforcement authority in the Cayman Islands, the Registrar of Companies (ROC), commenced imposing administrative fines of up to CI$5,000 (approximately US$6,100) on companies found to be in breach of the Companies Act (2022 Revision) (the Act) due to inadequate, inaccurate and/or outdated information of the beneficial owners on the companies’ beneficial ownership register (BOR).
 
開曼群島公司註冊處，開始對違反《公司法》（2022 年修訂版）的公司，包括受益人登記冊 (BOR) 上的受益人信息不充分、不準確或過時的情況，處以最高 5,000 開曼元（約合 6,100 美元）的行政罰款。
 

BACKGROUND
背景
 
Based on Section 255 of the Act, each company has an obligation to keep the BOR up to date by acquiring adequate, accurate, and up to date beneficial ownership information from all individuals identified as beneficial owners.  Therefore, the responsibility lies with each company to timely notify the registered agent and provide the information required to update the BOR.
根據該法第 255 條，公司有義務保持BOR內容充分、準確和有效。因此，每家公司都有責任及時通知註冊代理人並提供更新 BOR 所需的信息。
 
Further to the Companies (Amendment of Section 254) Regulations, 2022 (the Regulations), which came into force on 10 June 2022, an important amendment was made to the Cayman Islands Companies Act, whereas all Cayman Islands companies are obligated to provide their registered agent with updated required particulars of all individuals identified as beneficial owners.
繼 2022 年 6 月 10 日生效的《2022 年公司（第 254 條修正案）條例》（條例）之後，對《開曼群島公司法》進行了一項重要修正，而所有開曼群島公司都有義務向其註冊代理人及時更新所有實益擁有人的詳細信息。
 
Such required particulars must detail the information of each beneficial owner through the following supporting documentation:
此類必需的詳細信息必須通過以下支持文件詳細說明每個受益所有人的信息：
 

  1. Copy of an unexpired and valid passport or ID Card stating:
    1. full legal name;
    2. date of birth;
    3. identification number;
    4. country of issue; and
    5. date of issue and date of expiry.

  2. Copy a valid proof of residential address.
  1. 未過期的有效護照或身份證複印件，說明：
    1. 法定全名；
    2. 出生日期;
    3. 身份證號碼；
    4. 簽發國; 和
    5. 發行日期和到期日期。

  2. 有效的住址證明副本。

 

The registered agent will rely on the accuracy and completeness of the signed Beneficial Owner Declaration to draft the BOR and file it at the ROC.  Please be advised that the supporting documentation provided by the company is not filed at the ROC but kept by the registered agent to satisfy formal requests for information from the competent authorities.
 
註冊代理人將依靠簽署的受益所有人聲明的準確性和完整性來起草 BOR 並將其提交給註冊處。 請注意，公司提供的證明文件不須要在註冊處備案，而是由註冊代理人保存以滿足主管當局對信息的要求。