REQUIREMENTS FOR FORMATION AND REGISTRATION OF A PRIVATE LIMITED COMPANY IN THE CAYMAN ISLANDS

Features of Seychelles Company

1

One director minimum (Need not be Seychelles resident)

2

One shareholder minimum (Need not be Seychelles resident)

3

No minimum capital requirement

4

Shares may be registered or bearer and in any currency

5

No accounts required to be filed

6

No audited accounts required

7

No annual returns

8

No annual meetings of directors or shareholders required

9

Meetings may be held anywhere

10

It is not subject to any form of taxation in Seychelles