Clara

A Cayman Island Exempted Company may not be suitable for all applicants, and you should consider whether the purpose of the company is to be a pure equity holding company.

Substance: The Cayman Islands have an Economic Substance Law to ensure that companies registered in the Cayman Islands have substantive business activities and presence in jurisdiction.

If the company activity will be a pure equity holding company, the economic substance requirement are satisfied by appointing a Registered Agent and ensuring that all filing requirements are satisfied. 

If the company will have a different activity, please reach out and we can advise on your eligibility. 

Underlying Business: As part of the compliance process we must understand the nature of the underlying business. This relates to any operating companies in the corporate group, or any assets that might be held by the company.

Clara will not accept companies involved in the gambling, cryptocurrencies or illegal narcotics. 

Sanctioned Countries: None of the stakeholders can be citizens or resident in of any country that are subject to the Office of Financial Sanctions Implementation (UK) and the Office of Foreign Assets Control (US) sanction lists, nor they are the subject of any such sanctions.

1. Substance: The Cayman Islands have an Economic Substance Law to ensure that companies registered in the Cayman Islands have substantive business activities and presence in jurisdiction. 
 
 If the company activity will be a pure equity holding company, the economic substance requirement are satisfied by appointing a Registered Agent and ensuring that all filing requirements are satisfied. 
 
 If the company will have a different activity, please reach out and we can advise on your eligibility. 
 
2. Underlying Business: As part of the compliance process we must understand the nature of the underlying business. This relates to any operating companies in the corporate group, or any assets that might be held by the company. 
 
 Clara will not accept companies involved in the gambling, cryptocurrencies or illegal narcotics. 
 
3. Sanctioned Countries: None of the stakeholders can be citizens or resident in of any country that are subject to the Office of Financial Sanctions Implementation (UK) and the Office of Foreign Assets Control (US) sanction lists, nor they are the subject of any such sanctions.