How to establish a corporate entity in the Cayman Islands

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Email contactus_at_ims.ky Telephone
1 [phone]
International Management Services Ltd
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About Us

• Having been in business since 1974, we have
  amassed extensive experience in the establishment
  of Cayman structures and entities and can assist
  clients with matters ranging from the simple
  (such as incorporation of a holding company or
  establishment of a simple private discretionary
  trust) to the complex (such as assisting with the
  formation of a hedge fund, securitization,
  private trust company, limited partnership, or a
  charitable or philanthropic trust).
• Our modern, spacious offices on the waterfront in
  the heart of George Town, Grand Cayman, house or
  staff and can comfortably accommodate clients and
  advisors for on-island meetings where necessary.

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Cayman Fund Administrators
IMS has long been a pioneer in the world of
services to offshore financial and other
entities. We recognised early on the potential
for the funds industry in the Cayman to grow the
jurisdiction to become a premier financial
centre, ranking only behind the likes of London
and New York. We were one of the first providers
of independent directors to hedge funds in the
Cayman Islands and pride ourselves on being one
of the premier firms in the space many other
providers of director services have modelled
themselves on us.
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Cayman Fund Administrators
In a nutshell, the Cayman Islands has ensured
its strong position by providing a balanced
regulatory approach with a legal system based on
English common law, which, coupled with its
inherent political stability has meant that the
jurisdiction has been, and continues to be,
attractive to domicile a hedge fund structure.
Licensing and regulatory requirements do not
require local custodians, investment managers or
directors, as it is accepted that relevant
stakeholders are suitably regulated or controlled
either in or outwith the Cayman Islands. Bearing
in mind that hedge funds are aimed squarely at
professional, institutional and sophisticated
investors, the law in the Cayman Islands does not
place restrictions on investment objectives,
risks, leverage or other commercial matters etc.,
provided the fund offering documents fully
describe the same as well as the equity interests
investors may subscribe for. Please view the
other pages within this Cayman Funds section of
our site to fully appreciate the benefits of
domiciling your investment fund in the Cayman
Islands with directors provided by IMS. To find
out more about our fund services, and how IMS can
assist you, please email us at contactus_at_ims.ky
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Cayman Fund Administrators

• Our Services
• The provision of directorship and corporate
  governance services to funds and associated
  entities, including General Partners and SPVs by
  directors registered with the Cayman Islands
  Monetary Authority as Professional Directors.
• Trustee Services to funds structured as Unit
  Trusts and/or to hold management/voting shares.
• Incorporation and Registered Office Services.
• Secretarial Services.

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Cayman Companies
As a service provider licensed to provide full
trust and corporate services, whether you are a
private individual, an intermediary, a family
office or an institutional investor, we can help
you realise your objectives in setting up your
offshore entity or structure in the Cayman
Islands. Key Features of Cayman Island
Companies The Cayman Islands has a robust and
efficient regulatory framework, based on English
common law, allowing for the incorporation and
ongoing management of companies, with very few
limitations in what activities the company can
undertake. Many of the companies incorporated in
the Cayman Islands are investment holding
vehicles, sales distribution companies or even
subsidiaries of foreign parents. The regularity
framework has been streamlined so as to allow a
company to be fully operational within 48 hours
of receiving instruction (provided all regulatory
and compliance requirements have been met).
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Cayman Companies

• Just about any type of asset can be acquired and
  held by a Cayman Corporation. For instance
• Fixed Term Deposits
• Listed Stocks and Securities
• Stock in Private Companies
• Real Estate and Commissions
• Patents, Royalty Agreements and Contract
  Rights
• Sea Going Vessels and Aircraft.
• Typical corporate requirements/features include
• Nil corporate taxation
• Minimum authorised share capital US50,000
• Minimum paid up capital US1
• Minimum number of Directors 1 (does not
  have to be local)
• Annual Filing of Company Return
• No requirement for annual audits.
• Location of meetings anywhere

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Trust Services
International Management Services Ltd, has been
forming and managing Cayman Island Companies on
behalf of its clients for over 35 years. We have
developed a wealth of knowledge and leading
expertise in this area and leverage this to the
benefit of our clients needs on a daily basis.
We currently provide services to in excess of
1000 individual client companies, many of which
have been with us since we started! Trusts are
among the most secure and versatile financial
planning vehicles available, and are widely
recognised internationally. Caymans trust law
allows trust arrangements to be tailored to
clients specific objectives.
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Trust Services

• We work closely with all local law firms, and can
  therefore provide a wide range of trust deeds to
  suit our clients requirements. These trust deeds
  can be tailored for individual requirements and
  IMS are able to make these available to our
  clients at a competitive cost. We are proud of
  our servicing standards and risk adverse business
  practice. Our service offerings are competitive
  with reference to service quality, cost and
  flexibility.
• Our Services
• Establishment and comprehensive
  administration of trusts, including on-going
  liaison with professional advisers and other
  parties.
• Acting as holder of management shares for
  investment funds.
• Acting as trustee of unit trusts or private
  trust arrangements.
• Preparation of appropriate financial records.
• Implementation of controls to ensure that
  confidentiality and protection of assets are
  maintained at all times, as legislation allows.

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Trust Services

• Trust Arrangements
• We are experienced in providing trust
  establishment and administration services to many
  types of trust arrangement, including
• Private, including discretionary, accumulation
  and maintenance and life interest.
• Corporate including pension and employee
  benefit trusts.
• Charitable solely for the benefit of
  charitable organisations.
• STAR trusts (also known as purpose trusts)
  very flexible trusts used for dynastic,
  philanthropic charitable (or non-charitable), or
  bankruptcy remote corporate purposes (e.g. to
  hold SPVs), among others. See our Purpose Trusts
  page for more details.
• Private Trust Companies (PTC) very popular
  among UHNW clients who desire a level of
  influence over the administration of the trusts
  under the control of the PTC. See our Private
  Trust Company page for more details.

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Captive Insurance
What is a Captive? At its most basic, a captive
insurance company is an insurance company
licensed under specific insurance laws which are
available in certain jurisdictions (including the
Cayman Islands) and which has as its main purpose
the insuring or financing of the risks of its
owners, which may be a single shareholder or
group of participant shareholders.
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Captive Insurance

• Reasons for Forming a Captive
• To minimize costs by the elimination of a
  large percentage of traditional insurance company
  overhead.
• To retain profits that would otherwise have
  to be paid to commercial insurers in the form of
  premiums in excess of the amounts repaid to cover
  losses.
• To have freedom over investment into which
  the premiums of the captive may be made.
• To reduce risk by selecting only quality
  insureds known to each other (as in the case of
  some medical malpractice association captives).
• To insure risks which would otherwise be
  uninsurable or cost prohibitive and to design
  custom policies.
• Access to the re-insurance market.
• The reduction of Government regulations and
  restrictions by seeking out a favourable
  jurisdiction for the registration of the company.
• The reduction of taxes by domiciling the
  company in a low tax jurisdiction. Cash flow
  planning as the captive has the use and benefit
  of the premiums.
• Timing of premium can be determined to suit
  the parents cash flow requirements.

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Captive Insurance

• Why a Cayman Captive?
• The Cayman Islands are ranked as a world leader
  in the captive insurance industry. Part of the
  success can be attributed to the following
• Less restrictive insurance regulation.
• Freedom from exchange control.
• Excellent telephone, fax and internet
  communications.
• Modern insurance laws.
• Abundance of banking, legal and accounting
  expertise together with high ethical standards.
• Top domicile with track record of success and
  innovation.
• Access to reinsurance markets in major
  insurance centres.
• Absence of income and other taxes in the
  Cayman Islands.
• Ability to cover third party risks.

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Other Services
Our other services include establishment and
administration of limited partnerships, vessel
registration and virtual office services.
Limited Partnerships Limited partnerships may be
registered in the Cayman Islands either under the
Partnership Law (for an Ordinary LP) or under the
Exempted Limited Partnership Law (for an Exempted
LP). IMS has extensive knowledge of the features
of both structures and their key advantages, and
can assist clients with the legal requirements,
formation and on-going management.
Virtual Office At IMS we recognise that for many
clients it is not practical, cost effective or
convenient to maintain their own physical office
on the Islands. As a consequence IMS makes
available its extensive resources to clients in
order that they may continue their day to day
activates in a professional manner without the
need or cost of a physical presence.
Vessel Registration A large proportion of the
worlds luxury yachts are registered in the
Cayman Islands, and IMS has assisted many of
these in this process. We have experienced
professionals well versed in all aspects of
vessel registration enabling us to provide an
efficient and reliable service which meets all
regulatory requirements.
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Contact Us
International Management Services Ltd Address
PO Box 61 Harbour Centre, Grand
Cayman KY1-1102, Cayman Islands Telephone
1 [phone] Fax No 1 (345) 949
8635 Email contactus_at_ims.ky Website
www.ims.ky
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