Where the proposed activities of a company are to be carried out mainly outside of the Cayman Islands – offshore – the registrants can apply for registration as an exempted company.
To register, the name of the company must be acceptable to the Registrar under the provisions of section 30 of the Companies Law. The company must file with the Registrar a declaration that the operations of the registrant will be conducted mainly outside the Cayman Islands.
The most convenient way to incorporate this type of company in the Cayman Islands is to engage one of the professional firms licensed for this purpose. These firms can provide such services as: registered office; nominee shareholders; directors and other officers; and management of the company on the instruction of the beneficial owner(s)