ARKA Legal & Corporate Services is based in the Cayman Islands. The Cayman Islands are a British Overseas Territory located in the western Caribbean Sea. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, located south of Cuba and northwest of Jamaica.
The Cayman Islands is one of the world’s most sought after and preferred jurisdictions providing flexibility and effective regulation in an offshore business environment.
Not only do the Cayman Islands have a long-standing history of political and economic stability but they maintain a reliable legal system deriving from English common law, supplemented by its own local legislation which is internationally respected.
The Cayman Islands is particularly renowned for its establishment and formation of Investment Funds, Cayman Islands vehicles and Exempted Companies which have the capability of being used in a variety of transactions including capital market transactions, mergers and acquisitions in joint ventures, equity and debt and insurance. 47 out of 50 of the world’s leading banks have a presence in Cayman, which is a testament to its successful business environment.
The Cayman Islands is a tax neutral jurisdiction whereby there are no direct taxes of any kind. There are no corporation, capital gains, income, profits, withholding or inheritance tax. Funds can be freely transferred in and out of the Cayman Islands as there are no exchange controls. The Cayman Islands has its own currency, the Cayman Islands dollar, however the US dollar is freely accepted and used within the local economy.
Boosting first class infrastructure, state-of-the-art telecommunications facilities and the ease of travelling, it’s no wonder that it is one of the world’s leading offshore business choices.