One of the reasons why the Cayman Islands is a leading offshore jurisdiction is the flexibility of its companies and partnership legislation. This includes the ability of vehicles formed or registered outside of the Cayman Islands to transfer into the Cayman Islands by following a simple transfer procedure.
On transferring they are registered as an exempted company, limited liability company (LLC) or exempted limited partnership (depending on their legal form before the transfer) under processes that exist under the Companies Law, the Limited Liability Companies Law (LLC Law) and the Exempted Limited Partnership Law (ELP Law). Cayman Islands exempted companies, LLCs and exempted limited partnerships are also able to de-register and transfer out of the Cayman Islands into another jurisdiction.
This guide provides a general overview of the process for transfers in and out of the Cayman Islands.