Cayman SIBL License

The Cayman Islands Monetary Authority (CIMA), regulates and supervises the registration and operations of securities business licensed in the Cayman Islands under the Securities Investment Business Law (SIBL).

Key Features

In accordance with the Securities Investment Business Law (SIBL), persons engaging, ‘in the course of business’, in securities investment business, must be licenced.

Legal Requirements

Requirements	Description
General
Corporate  vehicle permitted	Cayman Company or Limited Partnership
Application fee	USD 610 (Securities Advisor & Broker Dealer)
Annual license fee	USD 9,800 (Securities Advisor & Broker Dealer)
Local physical office required	Yes
Share capital or equivalent
·         Minimum paid up capital	None
Directors
Minimum number	2
Corporate directorship allowed	Yes
Local director required	No
Shareholders
Minimum number	2
Corporate shareholders allowed	Yes
Local  shareholders required	No
Service Providers Required
Company Secretary	No

Tax Treatment

Tax neutrality: no capital gains, income, profits, corporation or withholding taxes

Duration to Set Up

About 3 months

Distinctive Benefits of Licence

• Tax neutrality: no capital gains, income, profits, corporation or withholding taxes.
• Ease and speed of set up
• Credible global reputation of license

The Valsen Advantage

• End to end comprehensive service
• Speedy and efficient service
• Expert advice on structuring options
• Dedicated ongoing compliance support
• Extensive network pool of service providers