Caimas, Is. (Cayman Cayman) is a British overseas dependency in the West Indies, which is made up of 3 islands of Cayman, Cayman and BRAC. Caimas, Is. is now the world's fourth-largest offshore financial centre and a famous dive destination. (Wiki)
Other well-known offshore financial centres around the world include British Virgin Is., Hong Kong, Samoa and Guam. Offshore companies refer to companies that do not have substantive business in the Register. The local government will not levy any tax on such companies, the government only charge a small amount of annual management fees for such companies, and has a high degree of confidentiality, tax relief, no exchange control these three characteristics.
According to the Caimas, Is. tax regulations, the tax in the island only import duties, tourist tax, industrial and commercial registration tax, such as a few simple taxes. For decades Caimas, Is. has not levied personal income tax, corporate income tax, real estate taxes, capital gains tax. Judging from these regulations, the reason why domestic Internet companies choose to set up a company is already obvious.
The following is from the Zhangke in the answer to this question, in this answer detailed analysis of internet companies in Caimas, Is. registration (set up offshore company) advantages, hope to be on the entrepreneurial road to provide reference.
Not only internet companies, but most of them know that Caimas, Is. this place will register the company here. The main is that its policy is too tempting:
1. Persons of any nationality who have attained the age of 18 years may be registered;
2. The registered share capital only 50,000 US dollars, and does not need to examine the capital (this may be the Internet company registers the Cayman reason, everybody just starts when all too small);
3. The adoption of the English-style law popularization, the company form is exempt company;
4. Exempt companies means that they do not have to pay taxes locally, and the tax avoidance effect is strong;
5. And shareholder information is absolutely confidential;
6. There is no need to hold an annual shareholder meeting in Cayman;
7. All conceivable financial services bosses are all in the Cayman and are not subject to other onerous policies when needed (which means that you open a company in the mainland and your company's accounts are not transnational and run directly in these big bosses ' branches);
8. The company only needs one shareholder, one director, and the shareholder's director may be one person (I am enchanted);
9. You can choose any words in your company name (but trust, reinsurance, etc. to apply), such as universities, research institutes and Domestic limited global, federal and so can be used;
10. In addition to banking, insurance, military and other applications, the company uses unlimited, what do you want to do?
11. In the country you enjoy the foreign capital treatment, and after the successful registration can be directly invested (such as holding, joint ventures, wholly-owned);
12. Just did not do a good job of the need to suspend the company also huge convenience, the Cayman allowed to suspend the company at any time, as long as the annual report fee and annual audit fee.