Our Company Services
Services we DO and Services we DO NOT DO
Our company is EXCLUSIVELY engaged in assisting worldwide clients, either individuals or corporate entities, to get duly and properly registered and licensed with local Regulators and Financial Authorities to get respective official licenses to legally carry out their cryptocurrency business activities.
TBA & Associates Tax Business Advisors Limited does not carry out any sort of Cryptocurrency Business Trade
- 1 Advantages to Register in Cayman Islands Exempted Companies for Investment Purposes
Advantages to Register in Cayman Islands Exempted Companies for
Advantages to Register in Cayman Islands
Cayman offers a well-regulated and internationally respected, tax-neutral, offshore business environment. The type of Cayman structure required or best suited for a particular endeavour, will depend largely on the type of business and whether it will be conducting its affairs locally or outside of the Cayman Islands. If the business is operating in another country, advice from that country’s legal and tax counsel will be of prime importance in understanding the benefits that can be derived from setting up a business in Cayman.
The Cayman Islands exempted company is the corporate vehicle of choice among international investment fund managers and investors. The popularity of the exempted company is principally as a result of the Cayman Islands being rightly recognized as a stable jurisdiction for structuring international investments owing to the following features.
The flexibility of the structure of the Cayman Islands exempted company is one of its principal appeals. For example, Cayman Islands company law does not require any directors or officers of the company to be resident in the Cayman Islands. The register of shareholders and minute books are not required to be held in the Cayman Islands and can be held in another jurisdiction. The company is not required to hold an annual general meeting of shareholders. There is no Cayman Islands law requirement for an exempted company to undertake an annual audit (unless the company is to be an investment fund regulated by the Cayman Islands Monetary Authority).
The incorporation procedure for an exempted company is simple, incorporation fees are low and no regulatory authority approval is required. Exempted companies can be incorporated on a twenty four (24) hours basis.
There is no statutory prohibition on an exempted company providing financial assistance with regard to the acquisition of its own shares. The directors of the exempted company owe a fiduciary duty to the company to act in good faith in the best interests of the company in agreeing to provide the financial assistance.
The company is permitted to use its share premium account to fund the payment of dividends to shareholders subject to it remaining solvent after such payment.
The Cayman Islands does not impose stamp duty on the transfer of shares, other than in relation to the transfer of shares in a company which holds real estate in the Cayman Islands.
A shareholder is not subject to Cayman Islands taxes with respect to any distribution received from the company (including dividend and other distributions upon liquidation of the company) or with respect to any gain realised upon the sale, redemption or exchange of shares. There is no withholding of taxes with respect to any dividend or other distribution made to a shareholder on the sale, exchange or redemption of shares. No gift, estate or inheritance taxes will arise in the Cayman Islands on the transfer of shares by way of gift by, or on the death of, a person who is not a resident of the Cayman Islands.
The Cayman Islands legal regime provides a high degree of commercial confidentiality. The Register of Directors and Officers and the Register of Shareholders of exempted companies are not available for inspection by members of the public. There is Cayman Islands no requirement for the accounts or financial statements of the company to be publicly filed.
The Cayman Islands are a British Overseas Territory. The law of the Cayman Islands is based on English common law, together with local statutes appropriate for both international and local business. The Government has an active agenda to enact legislation to enhance Cayman Islands’ position as a leading international offshore financial centre.
Business Climate and Infrastructure
The development of the Cayman Islands as an international financial centre has led to a sophisticated business environment with a full range of services including banks, trust companies, lawyers, accountants, insurance managers, mutual fund managers and administrators, and all the expected support services. There are approximately 324 banks and trust companies licensed in the Cayman Islands, including 47 of the 50 largest banks in the world. Approximately 70 banks and trust companies maintain their own office in the Cayman Islands.
The Cayman Islands, by virtue of being, among other things, on the Organization for Economic Co-operation and Development (OECD) “white list” of jurisdictions that have substantially implemented the internationally agreed tax standard for effective exchange of information and transparency, is not listed as a Non-Cooperative Country and Territory by the Financial Action Task Force.
The features set out above continue to enhance the Cayman Islands’ popularity as the leading jurisdiction for structuring international investments and other finance transactions.
Concessions and Reasons to Relocate to CEC
100% exempt from corporate, capital gains, sales, income tax and import duties
100% foreign ownership permitted
Five year work/residence visas granted within 5 days
3-4 week fast-track set-up of operations
Intellectual Property owned offshore
No government reporting requirements
Strategic base with easy access to lucrative North and Latin American markets
On NYC/EST time zone
What separates us from our competitors is that our services don’t end with the registration of your company. We offer a wide range of additional services others can’t or just won’t offer, such as lifetime free support.
Whilst most providers either specialise on personalized consultation at relatively high rates or run bulk registration factories without any support, we want to offer the positive aspects of both types.
Therefore TBA combines professional advice, worldwide registration services, reasonable fees, customized order processing, lifetime support and fast processing. Where others see company formation services as a bulk registration with no support and no individual assistance, we do care about your business needs.
Should you have any question or matter
You would like to discuss or clarify with us
Should you like to receive further Information
About our services and fees, …
Our multi-lingual team of business advisors is happy to assist you with all upcoming questions and issues in relation to your company.
You may call or email us, and we will be happy to assist you in a fast and efficient manner.
You can also come and visit us at our Limassol offices to discuss issues face to face if you prefer. Just arrange an appointment and we will be happy to meet with you.