The Cayman Islands obtained a royal decree in 1978, which stipulated that the Cayman Islands would be exempt from tax forever. At present, this law continues to be effective. Tax-exempt companies can also apply for a 20-year tax exemption certificate to further ensure their tax-exempt status. There is no profit tax and property tax, and the only tax is stamp duty. Any transfer or mortgage of real estate is subject to stamp duty.
There are no additional laws and regulations to restrict the development of trade. ?
3. Without foreign exchange control, funds can be mobilized flexibly.
4. The name of a company whose company type is exempted does not have to end with the word "limited" (that is, "limited").
5. Good confidentiality.
A tax-free company in Cayman enjoys exactly the same rights as a natural person. The company is exempt from submitting the annual inspection report every year, but the information of directors and members of the company need not be disclosed in the annual inspection report. In April, 20001year, the Cayman government issued new regulations, requiring all companies to disclose information such as the company's principal responsible persons, members, beneficiaries and authorizers to registered agents.
This regulation applies to all new companies, and registered companies must provide relevant information within a certain period of time. Relevant information is regarded as a trade secret and is governed by the Law on the Maintenance of Confidentiality Relations. Therefore, anyone who divulges this information or tries to obtain it or obtains it by illegal means will violate the criminal law. ?
Since 2000, Yuxing computer bypassed the Virgin Islands? By establishing a shell company? Since its listing in Hongkong, the Virgin Islands have come into the sight of China people and become one of the most commonly used colloquial words of investment bankers. As well as Cayman, Bermuda, Marshall, Seychelles, Panama, etc., there are about 30 tax havens around the world. The characteristics of these places are: regional political, economic and social stability, sound legal system; There is no need to pay local tax, and a certain annual fee can be paid by paying a registration fee when registering; It is very convenient for the company to carry out capital operations such as capital increase and share expansion, asset transfer and other restructuring, mergers and acquisitions. ?
At present, among more than 60 mainland listed companies listed in Hong Kong, more than 20 are registered in Cayman and Bermuda, such as Brilliance China (114, HK), Digital China (086 1, HK) and TCL International (1077). ?
At present, the policy of registering offshore companies in Cayman (called tax-free companies in Cayman) is that one-person limited liability companies can be registered, that is, only one shareholder is needed; The holder of the ultimate rights and interests of the company needs to be disclosed by the registration agency; The board of directors meets once a year, usually attended by an agent, and is required to submit an annual report. Although the latter two policies are strict, all companies listed on the Hong Kong Stock Exchange (Main Board or Pioneer Edition) need to disclose the ultimate shareholder in the prospectus and subsequent financial report disclosure, and if they are natural person shareholders, they need to disclose them to natural persons.