How to set up Cayman Limited?

A limited liability company ("LDC") in Cayman Islands is generally similar to a limited liability company (LLC) in the United States. LDC combines the advantages of limited liability of limited liability company and easy management of limited liability company. The provisions of the Companies Ordinance governing exempted companies also apply to companies with time limits, except for the following:

(1) LDC must end with a limited duration company or LDC as its company name;

(2) Like partnership companies, there is a time limit. The company needs at least two members (shareholders) at any time;

(3) A time-limited company must clearly stipulate in its articles of association that its term of validity is 30 years or less.

(4) A joint stock limited company may restrict the transfer of shares or members' interests in its articles of association, or such transfer must be agreed by all members/shareholders. At the same time, it is stipulated that the management of the company should be delegated to the members of the company.

(5) LDC can become an indefinite company by deleting the word "LDC" in the company name. A company with a term can also amend its articles of association to make it valid for more than 30 years.