This publication has been prepared for the assistance of those foreign entities who are considering the continuation to the Cayman Islands as a limited liability company under the Limited Liability Companies Act. It deals in broad terms with the requirements of Cayman Islands law concerning such a continuation. 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 a continuation to the Cayman Islands, persons are advised to consult their tax, legal and other professional advisers in their respective jurisdictions.