This publication has been prepared for the assistance of those who are considering the formation of limited liability companies in the Cayman Islands pursuant to the terms of the Limited Liability Companies Act (2021 Revision). It deals in broad terms with the requirements of Cayman Islands law for the establishment and operation of such entities. It is not intended to be exhaustive but merely to provide brief details and information which we hope will be of use to our clients. We recommend that our clients and prospective clients seek legal advice in the Cayman Islands on their specific proposals before taking steps to implement them.
Before proceeding with the incorporation of a limited liability company in the Cayman Islands, persons are advised to consult their tax, legal and other professional advisers in their respective jurisdictions.
Persons considering establishing limited liability companies to carry on insurance or mutual fund business should request separate publications prepared by Conyers on these topics.