What are the advantages of exempted company type?
An exempted company is not subject to any kind of corporate taxation given that the company conducts its business mainly outside of Cayman Islands. In addition, the company can request a tax exemption certificate to ensure its tax-free status for a period of up to 20 years.
Register of company shareholders is not open to the general public. Moreover, company maintenance procedures are simple and straightforward. The company doesn’t need to file its annual account to the government.