The Registrar is allowed to release only the name and type of company, the date of registration, and the address of its registered office. This assures a rigorously upheld standard of privacy for companies transacting a wide range of legitimate business. This level of privacy is subject only to specified legal channels in the context of illicit activities. The range of purposes includes investment, sales processing, trading, shipping operations, stock dealing, real estate holding, the ownership and licensing of patents, and international financing. A prospective promoter of a Cayman Islands company will be well advised to obtain sound professional advice so that the way it is structured does not adversely affect his tax status in his home jurisdiction. He is likely to find that to take full advantage of the benefits of a Cayman operation the business decisions should be seen to be taken in the Islands. To allow this to happen without the owner's continual residence here it is convenient to make arrangements with one of the company management firms, law and accountancy practices or trust companies which have much experience of this type of work.

COMPANY REGISTRATION AND ANNUAL FEES

Fees currently payable to the Registrar of Companies are given below (all figures in Cayman Islands dollars [CI$1=US$1.22]). Resident (ordinary) Companies
Upon registration and annually thereafter, there is a fee of $150 for companies with capital of $42,000 or less; companies with capital in excess of $42,000 pay $350. Non-resident Companies
Upon filing Memorandum and Articles of Association and on delivery of the annual return each January thereafter, companies with capital of $42,000 or less pay $400; companies with capital in excess of $42,000 pay $565. Exempted Companies
Upon registration and delivery of the annual return each January thereafter, there is a fee of $470 for companies with capital of $42,000 or less; companies with capital in excess of $42,000 but not exceeding $820,000 pay $660; companies with capital in excess of 820,000 but not exceeding $1.64 million pay $1,384 and companies in excess of $1.64 million pay $1,968. Segregated Portfolio Companies
The registration and annual fee for the Segregated Portfolio Company is the normal exempt registration fee plus $2,000. In addition, there is a fee of $1,000 for each segregated portfolio therein. Foreign Companies
On delivery of the prescribed documents for registration of a foreign corporation and each January thereafter, there is a fee of $850.

Exempted Corporation

Exempted companies are identitites where the proposed activities of a company are to be carried out mainly outside the Islands. The most appropriate use of offshore transactions is the exempt company which is prohibited from doing business in the Cayman Islands except in pursuance of its offshore business.

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