There is no profit tax or property tax on individuals, corporations or trusts in the Cayman Islands. The only tax is stamp duty, which is payable on any transferred or mortgaged real estate. So the Cayman Islands are known as a tax haven. What are its advantages compared with companies in other countries or regions?

First: help enterprises avoid trade barriers. Chinese companies often have to pay more to export their products to the United States and other developed countries1～2Times the cost. If operated by Cayman company, it is possible to avoid tariff barriers and reduce trade costs.

Second, the legal environment is relaxed. The British Virgin Islands, Cayman, Bermuda and other places are British colonies, and their corporate law is based on the British Commercial Company Law, so their corporate law is more favorable to the development of corporate trade.

Third: less information disclosure, strict confidentiality, conducive to the maintenance of business secrets. In Cayman, companies do not need to produce audited account statements, allow bearer shares to be issued, do not need to have local activity records, do not need to disclose the name of the director to the person in charge of company registration, do not need to register shareholder information, etc., so that the safety of offshore companies has been fully guaranteed, greatly reducing various risk factors. 

CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.