Lowtax Network

Back To Top

Your Lowtax Account

Cayman Islands: Types of Company

Limited Duration Exempt Company

Limited duration exempted companies are like exempted companies except that:

  • The Memorandum of Association must limit the life of the company to 30 years or less;
  • certain events are specified which automatically precipitate its voluntary winding-up and dissolution;
  • it must at all times have not fewer than two members;
  • the Articles may provide that no shares may be transferred without the agreement of all shareholders; and
  • management may be carried out by the shareholders or may be delegated to a board of directors.

The name of the company must include at its end “Limited Duration Company” or “LDC." Fees are as for exempted companies, plus KYD200.

 

 

Back to Cayman Islands Index »

Back to top