Cayman Islands Monetary Authority

Introduction?

If you are looking for a thriving, innovative and well-regulated jurisdiction for your broker company - the Cayman Island is exactly what you need.

Regulator

The Cayman Islands Monetary Authority (CIMA) was created to regulate and supervise the Cayman Islands’ financial services industry. The Cayman Islands Monetary Authority (CIMA) supervises and regulates providers of a wide range of financial services, including banking, insurance and investment management.?

License type

CIMA regulates the following businesses:

• Banking and related services
• Trust and insurance companies
• Broker-dealers and market-makers,
• Investment funds

If you wish to operate any of the businesses or in any of the capacities listed above, you must obtain the appropriate authorisation from CIMA before beginning operations

Timeline

Obtaining license takes 3 months?

Requirements

There are few requirements for obtaining the |CIMA license:

• Deposit approximately $120 000, depends on exchange rate with Cayman Islands dollars?
• Local legal entity
• Local office
• Local director

Taxation?

The Cayman Islands have no direct taxes of any kind.

There are no corporation, capital gains, income, profits or withholding taxes.

Documents checklist:

The following documents are required to provide:

1.Passport

2.Proof of Residence

3.Certificate of Non-criminal Record??

5.Bank Statement

6.Education Certificate?

Be sure that our team will do our best to assist with all requirements fulfillment and documents.