A non-Caymanian can be the shareholder of an ordinary resident company. However, as required under the Local Companies (Control) Act, where business is to be carried out in the islands, there has to be at least 60% Caymanian beneficial ownership.
A non-Caymanian can be the shareholder of an ordinary resident company. However, as required under the Local Companies (Control) Act, where business is to be carried out in the islands, there has to be at least 60% Caymanian beneficial ownership.