Are you interested in purchasing a shelf company in the Cayman Islands? Read this article to learn about the key requirements, explore our online services, and collaborate with our local agents.
Table of Contents
How is a shelf company known in the Cayman Islands?
- Ready-made company,
- Off-the-shelf company.
NOTE: Shelf companies in the Cayman Islands are, in most cases, incorporated as Cayman Exempted Companies.
What is the purpose of a ready-made company in the Cayman Islands?
To be used for commercial activities as soon as it is purchased.
What are the key features of a shelf company in the Cayman Islands?
- Pre-registered,
- Clean history,
- It has an approved business name,
- It has a registered business address,
- No active bank account.
IMPORTANT: To activate a bank account for a shelf company in the Cayman Islands, you must pass the bank’s Anti-Money Laundering and Know Your Customer checks.
Does a shelf company in the Cayman Islands have debts?
No. There is no commercial/business history, no financial activities, and therefore, no debts.
How can I buy a ready-made company in the Cayman Islands?
With support from our local specialists. We can offer our customers a list of shelf company providers in the Cayman Islands.
How is the ownership transfer of a shelf company made?
Our agents will solicit a copy of your ID or passport and then provide you with a document to sign the ownership transfer of a ready-made company.
Do I need to travel to the Cayman Islands to purchase a shelf company?
There is no need. We can handle all the formalities on behalf of our customers via power of attorney.
Who is involved in the process of purchasing a shelf company in the Cayman Islands?
The provider/seller of shelf companies and our specialist who represents the customer interested in this kind of acquisition.
What are the costs of buying a ready-made company in the Cayman Islands?
- for the shelf company in question,
- for our intermediary services we provide to our customers.
Do I need company due diligence before purchase?
There is no need to worry about such an acquisition because it is completely safe. However, if you want to be extra sure, you can solicit company due diligence services.
Is a business license necessary when activating a shelf company in the Cayman Islands?
Yes, depending on your future business operations/activities.
Is a “no commercial activities” certificate required for buying a shelf company in the Cayman Islands?
No.
NOTE: The Cayman Islands General Registry can issue a “Good Standing” Certificate to ensure the company in question is up to date with annual government fees, statements, filings, etc.
Is the notary implicated in the process of buying a shelf company in the Cayman Islands?
Not legally required.
What is the time frame to buy a shelf company in the Cayman Islands?
About 24-48 hours until the ownership transfer is concluded.
We invite you to contact our local agents and find out more about the conditions for buying a shelf company in the Cayman Islands. Get your personalized offer today!