Case:

Client successfully enjoys FREE company tax-paying for Cayman Island Company with Tax Exemption Certificate obtained.

Brief Facts:

Client Mr O has an export trading company with a lot of stable customers who would conduct bulk-buying. The annual turnover for his company is very high and he would need to pay a huge amount of Corporate Income Tax. He came to Globevisa to ask for foreign bank account opening.

Our Approach:

After we successfully helped with his bank account opening and Tax Identification Number clarification, we suggested Cayman company registration to him. Cayman Island is popular for Limited Company opening because of its characteristic of TAX-FREE. However, Mr O was worried about the policy change on this Island and the lack of immediate information from an offshore company. We then fully introduced the business environment of this Cayman Island to him and he agreed with how fantastic it is.

Result:

            A subsidiary company of Mr O’s business was opened in Cayman Island. We also helped him with getting the Tax Exemption Certificate which guarantees all the offshore business operation tax will be exempt, no matter how policies change, for the next 20 years. Mr O now started to enjoy the benefit of FREE corporate tax.