Although we are based in the Cayman Islands, we are able to form companies in other jurisdictions.
Companies are deemed to be incorporated the same day as the paperwork is filed with the Registrar of Companies. Official copies of the Certificate of Incorporation and Memorandum & Articles of Association are usually available three days after filing.
Most jurisdictions require their companies to have a registered office or registered agent in the jurisdiction. Our associated company is licensed to provide these services, which it does at very competitive rates. At the time of writing, we provide such services for the Cayman Islands, the Marshall Islands and the British Virgin Islands.
For Marshall Islands companies, we can provide registered office/place of business services in the Cayman Islands. This can help establish that the business of the company is being conducted outside, for example, the US and that a claim is not subject to US court jurisdiction, even though the vessel may be in US waters. [This assumes that various other elements are also in place.] Where the place of business of the company is in the US [decisions are made there and/or company records kept there] then the risk of US jurisdiction is much greater. The same applies where the records are kept on the vessel and the vessel is in US inland waters. Once jurisdiction is established, then it opens up risks of US federal tax reporting, tax withholding on crew salaries, immigration violations for non-US crew, risk of deportation and a host of ancillary issues.
Similar issues arise for any non-US/non-EU company with a vessel operating in US/EU waters which is why it is so important to maintain a place of business in a tax-neutral jurisdiction that does not itself impose taxes, at which the business of the company is conducted.
Most offshore practitioners are not specialists in maritime law or maritime administration.See More
People register companies in different jurisdictions for a variety of reasons depending on personal or commercial circumstances.See More
Company formation and management is a regulated service along with banks, trusts, insurance companies, and funds.See More
If a commercial entity has elements within its business that are performed outside the country,See More
Summary information for companies that may be registered in the Cayman IslandsSee More
Although we are based in the Cayman Islands, we are able to form companies in other jurisdictions. Contact us to find out more.See More
As of January 01, 2007, the law was changed so that only one type of company may now beSee More
The Marshall Islands comprise the most eastern island group in Micronesia located between Indonesia and Hawaii in the Central Pacific Ocean.See More