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)公司申请表” 由中介公司或客人签署

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／股东／最终受益人需要提供1份专业人士推荐信，可由一位已与客人在业务上有超过三年往来的专业人士 (例如：律师、会计师或银行) 签发

3

Each director/shareholder/beneficial owner needs to complete either “Applicant Information Form”.
“Applicant Information Form_中文解释” -每位董事／股东／最终受益人，每人一张

4

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

5

“Declaration of Source of Fund” – each beneficial owner is required to submit one
“Declaration of Source of Funds资金来源”-资金来源申报，每位最终受益人一张

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_开曼认证格式”
每位董事／股东／最终受益人的护照／身分证副本及住址证明(由公证人／律师／会计师认证副本)

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.
“地址证明，核证版”- 例: 水/ 电/ 电话 费单，最近3个月发出的

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／股东，请提供以下文件 (按情况已定，我司审查部可能要求客人提供额外的文件)：
 1. 公司登记证明 - 注册证书、章程等等
 2. 董事名册
 3. 股东名册

 

All non-English documents must be accompanied by a certified English translation and the entire document must be clearly legible (both words and pictures). 所有非英语文件必须附有经过认证的英语翻译，并且整个文件必须清晰易读（文字和图片）。

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.

一般情况下，注册证书、公司章程副本可在所有文件呈交开曼群岛公司注册处并获批成立后20-30个工作天左右收到；客人亦可选用“特快服务”：公司成立的申请获批后2-5天后会收到注册证书和公司章程，此项特快服务的费用是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).
 
开曼群岛公司注册处，开始对违反《公司法》（2022 年修订版）的公司，包括受益人登记册 (BOR) 上的受益人信息不充分、不准确或过时的情况，处以最高 5,000 开曼元（约合 6,100 美元）的行政罚款。
 

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.
根据该法第 255 条，公司有义务保持BOR内容充分、准确和有效。因此，每家公司都有责任及时通知注册代理人并提供更新 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.
继 2022 年 6 月 10 日生效的《2022 年公司（第 254 条修正案）条例》（条例）之后，对《开曼群岛公司法》进行了一项重要修正，而所有开曼群岛公司都有义务向其注册代理人及时更新所有实益拥有人的详细信息。
 
Such required particulars must detail the information of each beneficial owner through the following supporting documentation:
此类必需的详细信息必须通过以下支持文件详细说明每个受益所有人的信息：
 

  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. 未过期的有效护照或身份证复印件，说明：
    1. 法定全名；
    2. 出生日期;
    3. 身份证号码；
    4. 签发国; 和
    5. 发行日期和到期日期。

  2. 有效的住址证明副本。

 

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.
 
注册代理人将依靠签署的受益所有人声明的准确性和完整性来起草 BOR 并将其提交给注册处。 请注意，公司提供的证明文件不须要在注册处备案，而是由注册代理人保存以满足主管当局对信息的要求。