Yearly Registration Renewal (The Cayman Island)

Offshore (The Cayman Islands)
Yearly Registration Renewal

Packages

The Yearly Registration Renewal of a company in the Cayman Islands involves the submission of required documents and payment of fees to maintain the company’s legal status and compliance with regulatory obligations for another year.

This package is designed to provide renewal of corporate services for holding companies having already established a company in The Cayman Islands.

S$8,000 to S$14,000

Per year

For Authorized Share Capital not over US$50,000:

RENEWAL DUE DATE
On or before due date
Not over 150 days before due date
Within 151 to 240 days after due date
Within 241 to 364 days after due date
365 days and beyond after due date

RENEWAL FEE (per year)
S$ 8,000
S$ 8,500
S$ 9,000
S$ 9,500
By quotation

For Authorized Share Capital between US$50,001 – US$1,000,000:

RENEWAL DUE DATE
On or before due date
Not over 150 days before due date
Within 151 to 240 days after due date
Within 241 to 364 days after due date
365 days and beyond after due date

RENEWAL FEE (per year)
S$ 9,000
S$ 9,500
S$ 10,000
S$ 10,500
By quotation

For Authorized Share Capital between US$1,000,001 – US$2,000,000:

RENEWAL DUE DATE
On or before due date
Not over 150 days before due date
Within 151 to 240 days after due date
Within 241 to 364 days after due date
365 days and beyond after due date

RENEWAL FEE (per year)
S$ 10,000
S$ 10,500
S$ 11,000
S$ 11,500
By quotation

For Authorized Share Capital between US$2,000,001 – US$5,000,000:

RENEWAL DUE DATE
On or before due date
Not over 150 days before due date
Within 151 to 240 days after due date
Within 241 to 364 days after due date
365 days and beyond after due date

RENEWAL FEE (per year)
S$ 12,000
S$ 12,500
S$ 13,000
S$ 13,500
By quotation

For Authorized Share Capital over US$5,000,001:

RENEWAL DUE DATE
For any schedule

RENEWAL FEE (per year)
By quotation

Both “a la carte” and “packaged” pricings are available on demand to better fit with your evolving corporate needs.

Please note that we reserve the right to modify prices and relevant terms without prior notice – if deemed necessary by market conditions.

What is Included in this Package

Services Included (Yearly Basis):

1-year Cayman Offshore Company Registration Renewal

Package Suitability

Why Offshore

Offshore companies play a crucial role in supporting the growth and operations of multinational corporations.

They offer several advantages such as tax benefits, flexibility in capital management, strict corporate confidentiality, and minimal restrictions on director and shareholder nationality, bank account nationality, and business scope.

These attributes make offshore companies an indispensable tool for businesses looking to expand internationally:

Trusts

Stock Holding

Property Holding

Advantages

Offshore companies are pivotal for the prosperity of multinational corporations. They offer numerous benefits, including:

Zero corporation tax

Simplified share transfer processes

Enhanced corporate confidentiality

No limitations based on director nationality

No limitations based on shareholder nationality

No limitations based on bank account nationality

No limitations on business scope

Legal Requirement

Offshore companies in the Cayman Islands must adhere to the legal requirement of maintaining a registered office address within the jurisdiction and appointing a local registered agent.

They are also required to file annual returns, pay annual fees, and comply with anti-money laundering regulations as per Cayman Islands’ laws.

Commonly Asked Questions

Company yearly registration renewal in the Cayman Islands:

Is it a legal requirement?

In the Cayman Islands, offshore companies are required to renew their registration annually to maintain their legal status and continue operating legally.

This renewal process is necessary to comply with regulatory requirements and ensure that the company remains in good standing with the relevant authorities in the jurisdiction.

Additionally, renewing the registration allows the company to update any changes in its structure, ownership, or operational details as required by law.

What documents are required for the renewal process?

Typically, you need the company’s Certificate of Incorporation, updated records of directors and shareholders, the company’s financial records (if required), and proof of compliance with local regulations.

Are there any deadlines for completing the renewal?

Yes, renewal deadlines are often set by the local registrar or governing body. Missing these deadlines may result in penalties or loss of the company’s good standing.

The renewal due date for company registration in the Cayman Islands is typically January 31st each year.

This date applies to annual government registration fees for companies incorporated in the Cayman Islands. Payments must be made by this deadline to maintain the company’s good standing and avoid penalties or potential deregistration. Always confirm the exact due date with your corporate service provider or the Cayman Islands General Registry.

What happens if the company fails to renew its registration on time?

Failure to renew on time can lead to fines, penalties, or even the deregistration of the company, which may disrupt business operations and impact legal protections.

Do we need to update any information during the renewal process?

Yes, if there have been changes in directors, shareholders, registered address, or the company’s business activities, these updates must be reported as part of the renewal to ensure accurate and compliant records.

INQUIRY FORM

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OFFSHORE: THE CAYMAN ISLANDS

(Yearly Registration Renewal)

Please complete the Inquiry Form below to receive tailored assistance for your business operations and corporate needs from BESO.

Our team of experienced advisors will promptly reach out to you.

Thank you for your interest!

Your name: *

Your e-mail address: *

Your phone number: *

Your country of residence: *

Offshore Corporate Services required in the Cayman Islands? *

Renewal due date: *

Authorized share capital: *

Any change in the company’s directors or shareholders during the past year: *

The company in good standing with the Cayman Islands Registrar of Companies (with no outstanding penalties or fees): *

The company’s registered address or service provider details need to be updated: *

The company maintained necessary local records and compliance documentation as per Cayman Islands regulations: *

Any changes to the company’s business activities: *

Do you require corporate secretarial services post the yearly registration renewal process: *

Your requirements: *

By clicking on submit below, you consent to BESO storing and processing your personal information. We will only use this information to contact you in regards to your request and its related services. *

BESO Corporate Services PTE LTD

hello@beso.sg

60 Paya Lebar Road, #07-54 Paya Lebar Square, Singapore 409051

+65 6303 4429

+65 9248 0866

Offshore (The Cayman Islands)