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Exempted companies are required to keep proper books of account with respect to its receipts and expenditures, sales and purchases of goods and assets and liabilities. The accounts must give a true and fair view of the status of the Company. The Cayman Islands Companies Law does not require the accounts of the exempted company be audited or filed to Companies Registry.
Exempted companies are not required to be ended with “Limited” or “Ltd” in Cayman Islands. The Registrar of Companies will not register a company that the name of which is identical or so nearly resembles to the name of an existing company. In addition, there are certain sensitive words such as “bank”, “trust”, “insurance” and “royal” required the consent from the Registrar of Companies in advanced.
Are there any restrictions on the registration of company name for BVI company? The name of the company must not be identical or similar with the name of any existing company in BVI. It must be ended with the word “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme” or “Sociedad Anonima” or the abbreviation “Ltd”, “Corp”, “Inc” or “S.A.”.
What type of Companies can be incorporated in Macau and which is most common form of business vehicle used for foreign investors? There are generally four types of companies which can be incorporated in Macau, including Limited Company, Holdings Limited Company, Unlimited Company and Mixed Company. Limited Company is the most common type of business vehicle used for foreign investors in Macau.
