This publication has been prepared for the assistance of those who are considering the operation of limited liability companies in the Cayman Islands (an “LLC”) pursuant to the Limited Liability Companies Act (2021 Revision) It deals in broad terms with the requirements of Cayman Islands law and 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 registration of an LLC in the Cayman Islands, persons are advised to consult their tax, legal and other professional advisers in their respective jurisdictions.
Persons considering establishing companies to carry on insurance or mutual fund business should request separate memoranda prepared by this Firm on these topics.
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Continuing Requirements of Limited Liability Companies in the Cayman Islands